
A failed solar venture brought Jinsi Lee back to the business of energy. At Oyika, he is working on a smaller, more portable proposition: batteries riders can swap, rather than own.
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.