# Oyika

> Oyika is a Singapore-based Battery-as-a-Service company that runs a network of automated battery-swapping stations for electric motorbikes across Southeast Asia. Riders subscribe to a plan and swap a depleted battery for a fully charged one in under a minute, removing the two biggest barriers to EV adoption: long charging times and the high upfront cost of a battery. Its bike-agnostic, IoT-connected batteries also double as portable power for off-grid communities. Backed by Banpu NEXT and Yinson, Oyika operates in Indonesia, Cambodia, Malaysia and Thailand.

- **Founded:** 2018
- **Headquarters:** Singapore, Singapore
- **Founders:** Jinsi Lee (Co-Founder & CEO), Carl Wong (Co-Founder & President), Roderick Chia (CTO)
- **Team size:** ~55 employees
- **Products:** Battery Swapping Stations, Battery-as-a-Service (BaaS) Subscriptions, Smart Swappable Batteries, Oyika App, IoT Connect / Vehicle Control Unit
- **Notable:** Grew to a market leader in Southeast Asian EV battery swapping across four countries by 2024., Deployed 250+ swap cabinets in Jakarta with roughly 3km accessibility coverage., Raised US$10.8M Series B led by Banpu NEXT, reaching a ~US$62.7M valuation.

## Products & services

- **Battery Swapping Stations** — Networks of automated cabinets where riders exchange a depleted battery for a fully charged one in under a minute, with density targeting a swap point within about 3km in served cities.
- **Battery-as-a-Service (BaaS) Subscriptions** — Pay-per-use, weekly and monthly plans that bundle battery swaps - and often the e-motorbike itself - so riders avoid the high upfront cost of buying a battery.
- **Smart Swappable Batteries** — Bike-agnostic 60v and 72v battery packs with fast-charging, GPS, 4G telematics, anti-theft and health monitoring, compatible with most mass-market electric motorcycles.
- **Oyika App** — Mobile app for locating stations, checking battery availability and managing subscriptions.
- **IoT Connect / Vehicle Control Unit** — Telematics and control platform enabling location tracking, remote control and anti-theft for connected e-scooters and batteries.
- **Off-Grid Power Solutions** — Use of swappable batteries as portable clean-energy sources for rural and off-grid communities, notably in Cambodia.

## Achievements

- Grew to a market leader in Southeast Asian EV battery swapping across four countries by 2024.
- Deployed 250+ swap cabinets in Jakarta with roughly 3km accessibility coverage.
- Raised US$10.8M Series B led by Banpu NEXT, reaching a ~US$62.7M valuation.
- Partnered with the UNDP to bring battery power and mobility to rural Cambodia.
- Official Thailand launch in May 2024 with ~70 stations across Bangkok and Phuket.

## Latest updates

- **2024-05** — Official Thailand rollout with about 70 battery-swap stations across Bangkok and Phuket, plus new clean-energy battery innovations.
- **2023-12** — Entered the Malaysian market via a partnership with RydeEV for lease-to-own electric motorcycles.
- **2023-04** — Closed US$10.8M Series B led by Banpu NEXT, valuing the company at ~US$62.7M.

## Links

- Website: https://oyika.com
- LinkedIn: https://www.linkedin.com/company/oyika/
- Twitter/X: https://twitter.com/oyika_thailand
- YouTube: https://www.youtube.com/watch?v=U_QjafXIA9I
- Facebook: https://facebook.com/oyika.indo

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Profile page: https://yespress.io/oyika
Published by YesPress — https://yespress.io
Last updated: 2026-07-25