Deals of the Week: ION Mobility, Shoplinks

The Business Times

THESE tech deals made headlines in the past week:

ION Mobility
Date announced: Oct 14
What it does: Smart electric motorbikes
Headquarters: Singapore
Amount raised: US$3.5 million, bringing total seed round to US$6.8 million
Round: Seed
Lead investors: Quest Ventures, TNB Aura
Other investors: GDP Venture, Monk’s Hill Ventures, SEEDS Capital, 500 South-east Asia, Alice Hung, ION’s chief executive James Chan, ION’s chief technology officer Calvin Cheng

More details:

  • ION is preparing to unveil its smart electric motorbike later this year.
  • It is commissioning 1,175 sq m of EV motorbike and battery pack assembly operations at LaunchPad@one-north in Singapore by end-2021.
  • It plans to expand its EV motorbike assembly operations into Jakartain 2022
  • Quest Ventures managing partner James Tan and TNB Aura managing partner Charles Wong will join the board of ION


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