Thien Viet Securities invests $4mn in Vietnamese electric motorbike maker

TVS, a boutique merchant investment bank, said the investment reflects its long-term strategy to promote technological innovation, green mobility, and sustainable growth.

The capital will be allocated to expanding production capacity, strengthening supply chains, upgrading distribution systems, and boosting research and development. 

These steps are intended to prepare Dat Bike for a regional expansion.

In addition to financial resources, TVS also supports Dat Bike with management consulting, development planning, value chain optimization, and access to capital markets to enhance operational efficiency and long-term growth potential.

Speaking to Tuoi Tre News on Thursday, Nguyen Thanh Thao, CEO at TVS, explained that the decision to invest in Dat Bike was based on three factors, including Vietnam’s massive two-wheeler market, Dat Bike’s strong in-house capabilities, and the global shift toward electrification.

“Vietnam currently has more than 77 million motorbikes in circulation, with nearly three million new units sold annually, making it one of the world’s largest two-wheeler maảkets," Thao said.

However, electrification remains in its early stages, with internal combustion engine bikes still accounting for about 86 percent of sales in 2024, she said, citing a 2025 report by Mordor Intelligence.

Dat Bike, which produces up to 90 percent of its components domestically, is positioning itself to capture the growing demand for high-performance electric vehicles.

Nguyen Ba Canh Son, founder and CEO of Dat Bike, shared TVS's decision to invest further not only signifies a financial contribution to Dat Bike but also affirms the belief in the ability of Vietnamese-made technology to conquer the international market in general and Dat Bike's growth strategy in particular.

“This collaboration will help Dat Bike expand production, diversify products, improve the scale and quality of services, and make a practical contribution to the country's net-zero journey,” the Dat Bike founder said.

According to the TVS leader, the company projected that Vietnam’s electric motorbike market will enter a rapid expansion phase within the next three to five years, driven by urban electrification policies, improved charging infrastructure, and rising consumer demand.

The Vietnamese government aims for at least 50 percent of urban vehicles to run on electricity or green energy by 2030, and 100 percent by 2050.

With this investment, TVS believed, Dat Bike has the potential to become a leading brand in high-performance, affordable electric motorbikes, representing Vietnam’s technological capabilities on the regional stage.