SLEEK EV Raises 270 Million Baht to Propel Thailand as Electric Motorcycle Hub

SLEEK EV, a Thai electric motorcycle startup, has raised 270 million baht to accelerate technology development and infrastructure, positioning itself to become an electric motorcycle hub in the ASEAN region. Kantinant Tanweenukul, CEO and co-founder of SLEEK EV, announced raising 8.5 million USD (approximately 270 million baht) from KYMCO Capital, an investment company within KYMCO - Taiwan's largest motorcycle manufacturer and the 6th largest globally, with over 60 years of history and more than 10 million units sold worldwide. The funding aims to expand business and push Thailand towards becoming an ASEAN electric motorcycle center. The investment will be used to develop core technologies and expand SLEEK EV's ecosystem, covering electric motorcycle production, battery systems, charging infrastructure, and software platforms. The company aims to become a market leader in total transaction value by 2026. Currently, SLEEK EV has over 80 dealer networks nationwide and is the first Thai full-stack EV company covering research and development, custom battery system design, and an expanding S-Charge Network.