Singapore-headquartered electric motorcycle manufacturer and distributor, Charged Asia, has secured up to US$40 million of growth capital from SGX-listed Geo Energy Resources Limited, through its subsidiary, Geo Electric Pte. Ltd.
Charged Asia, which has successfully developed three (3) electric motorcycles, is backed by reputable investors and shareholders, DeClout Ventures and Vmoto. DeClout Ventures is the corporate venture arm of Exeo Global Pte. Ltd, the global headquarters facilitating the operational and strategic management of overseas subsidiaries for Tokyo Stock Exchange Prime listed EXEO Group, Inc, while Vmoto is a leading, fully integrated, new energy e-mobility solution provider listed on the Australian Securities Exchange.
As at the date hereof, Charged Asia has already delivered more than 1,000 of the same across Indonesia, Malaysia and Vietnam. Charged Asia will be utilising the funds to scale its growth throughout Southeast Asia, with a focus on Indonesia
Icon Law is proud to have acted for Charged Asia, with Managing Director, Soh Chun Bin, leading the team. For more information, please refer to the media's coverage of the transaction.