iMotorbike Raises US$2.6mil in Series A Round

📆 6/27/2023 11:12 AM
📰 DNewsAsia

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iMotorbike, today announced that it has raised RM12 million (US$2.6 million) in its Series A funding round led by Gobi Partners and Ondine Capital. imotorbike_my imotorbike_vn SeriesA Funding GobiPartners OndineCapital

Investments in technology and talent to drive growth

The funding round saw returning participation from Penjana Kapital, The Hive Southeast Asia, 500 Global, SOSV's Orbit Startup; new investors Goodwater Capital, Seedstar Capital and Permodalan Negeri Selangor Berhad ; as well as other institutional venture capitalists. "This infusion of capital will be instrumental in fueling the next phase of growth for the company as we spearhead the transition towards a circular economy in the two-wheeler market," said iMotorbike co-founder & CEO Gil Carmo

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