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Oyika

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Innovative electric mobility solutions featuring battery swapping, electric motorbike sales, and home charging stations

Singapore, SingaporeFounded 2018Transportation

Valuation $50–100M Last recorded · 2023

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Oyika

Oyika operates in the electric mobility sector, providing innovative solutions such as battery swapping, electric motorbike sales, and home charging stations. The company primarily serves urban commuters, delivery service providers, and businesses looking for sustainable transportation options. Oyika's business model revolves around a Battery-as-a-Service (BaaS) system, which allows customers to lease batteries, thereby reducing the upfront costs associated with electric vehicle (EV) adoption. This model not only makes EVs more accessible but also opens up new revenue streams through battery swapping services. Oyika generates income through the sale of electric motorbikes, leasing of batteries, and subscription fees for its battery swapping and home charging services. The company operates in the Asia-Pacific market and has attracted strategic investments from major players like Banpu NEXT, a leading smart energy solutions provider.

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At a glance

Status: Operational
Founded: 2018
Headquarters: Singapore, Singapore
Employees: 47
Open positions: None listed
Dealroom signal: 59.9/100
Industry: Transportation
Sub-industry: Maintenance
Sector: Transportation, Sustainable Development Goals, EV Charging, Battery Swap, Climate Tech, Electric Mobility
Business model: Marketplace & ecommerce
Client focus: b2c
Links: Website LinkedIn

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES B✓Equity / VC	Apr 2023	$11M	$63M	Yinson Holdings · Banpu NEXT	↗
SERIES A✓Equity / VC	Jun 2021	$0	—	Yinson Holdings	—

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Growth signals

Oyika website traffic

Latest recorded traffic for Oyika is 2.5K monthly website visits, up 150% over the last three months. Oyika's team declined 7.8% over the past year.

Latest monthly visits2.5K 3-month web change+150% 1-year team growth-7.8%

Monthly website visitsOct 2020–Jul 2026

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AMAmpleAccelerating the transition to electric mobility by offering an energy delivery solution that is as fast, as cheap, and as convenient as gas	San Francisco, United States	Operational
E-E-ChargeupOffers battery as a service, solving the high cost problem and inconvenience of long charging hours operating as a battery swapping network for e-rickshaws	India	Operational