EVs

Sleek EV raises Pre-Series A extension to electrify Thailand’s rides

March 12, 2024

Sleek driving skills! Meet Thailand’s Sleek EV. They’re a two-wheeler EV startup that just raised a Pre-Series A extension.

Investor check. Finnoventure Fund, managed by Krungsri Bank’s Krungsri Finnovate invested.

  • They last raised an undisclosed Pre-Series A round from Orzon Ventures, A2D Ventures, and January Capital in 2023.

🏍️ What’s your ride?

They’ve designed and manufactured four types of two-wheeled EVs with different driving ranges, motor power, and features.

All about the tech. They have their own proprietary software, powertrain system, and mobile app, as well as swappable batteries.

  • They’re IoT enabled, and their mobile app offers keyless start/stop, theft  detection, customizable dashboards, and even carbon credits!

Battery power. They’re building S Charge, Thailand’s first charging ecosystem for two-wheelers, allowing you to charge from home or any of their stations.  

Distribution. They’ve partnered with two-wheeler dealerships across Thailand and have enterprise clients like 7-11.

Money (doesn’t) matter. They even offer financing with zero downpayment and low interest rates to help push adoption!

🚀 Next up!

They’ll be pushing for more R&D with their powertrain system and software. They’ll also increase production capacity, hire more, and use the funding as working capital for production.

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