battery-swapping
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The Spanish startup that bet electric bikes could beat gas, then quietly started selling gas bikes too
A team of university racing engineers set out to make an electric bike that rides like a real motorbike and costs like one too. Then they hedged the bet - and started selling petrol versions of the same machine.
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.
Swap Energi
Swap Energi is an Indonesian e-mobility startup that runs Southeast Asia's largest battery-swapping network for electric motorcycles. Instead of waiting to charge, riders exchange a depleted portable lithium-ion battery for a fully charged one at more than 1,500 stations - a process that takes roughly nine seconds. The company pairs this energy network with its own SMOOT smart electric motorcycles and a rider app, and has raised about US$29 million to electrify Indonesia's fleet of over 125 million two-wheelers.