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Oyika plans to raise US$100 mil to expand energy-share services in Southeast Asia

Atiqah Mokhtar
Atiqah Mokhtar4/1/2021 11:32 AM GMT+08  • 2 min read
Oyika plans to raise US$100 mil to expand energy-share services in Southeast Asia
Singapore start-up Oyika is looking to raise US$100 million for its energy-share business in Southeast Asia.
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Singapore start-up Oyika is looking to raise US$100 million ($134.53 million) for its energy-share business in Southeast Asia.

Oyika says the funds raised will go mainly towards fulfilling its order book of 30,000 power subscription plans for the company’s battery-swap service for electric motorbikes in Indonesia.

Part of the funds will also be used for expansion in Vietnam.

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