Selex Motors successfully appealed for funds of $ 2.1 million

Selex Motors Joint Stock Company, a start-up company in the field of designing and manufacturing electric motorcycles, batteries and battery replacement stations, has just successfully appealed for funds of $2.1 million in the Pre-Seed round. Led by Touchstone Partners, this funding round also included investors such as ADB Ventures – the venture capital fund of the Asian Development Bank and Nextrans – one of the most active Korean venture capital funds the best in Vietnam.

Selex Motors is a startup that has participated in the incubation program at SHTP-IC and achieved certain achievements. https://shtpic.org/vi/project/cntt-vi-mach-iot/xe-may-dien-thong-minh-ung-dung-iot-va-big-data/

According to Selex, the capital received in this investment round will be used to expand research and development (R&D) activities, expand production scale at a new factory in the Hanoi area and start bringing products to official operation with the first corporate customers.

Currently, Selex is cooperating with Viettel Post – the leading shipping unit in Vietnam with thousands of transaction points nationwide and Lazada Logistics – the logistics branch of the “big” e-commerce Lazada in order to “electrification” the delivery fleet and set up battery exchange stations across the country.

Readers are invited to see details at:

https://zingnews.vn/startup-viet-nhan-hang-trieu-usd-dau-tu-dau-nam-2022-post1291007.html