Oyika provides battery swapping and charging infrastructure for electric motorbikes, enabling users to quickly exchange depleted batteries in under a minute. This service addresses range anxiety and long charging times, making electric vehicles more accessible and cost-effective for consumers and businesses in Southeast Asia.
Funding
$122M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BNFounders
Product
Problem
Electric motorbike adoption faces hurdles due to range anxiety, long charging times, high upfront costs, and battery replacement concerns. These issues limit the accessibility and cost-effectiveness of electric vehicles, particularly for consumers and businesses in Southeast Asia.
Solution
Oyika offers a battery swapping and charging infrastructure designed for electric motorbikes, providing a solution to range limitations and lengthy charging processes. The company's battery-as-a-service (BaaS) model allows users to quickly exchange depleted batteries for fully charged ones in under a minute at strategically located swapping stations. This approach reduces the initial investment required for electric motorbikes and makes them more practical for everyday use, especially for delivery services and other commercial applications. Oyika's system is motorbike agnostic, enabling integration with various electric motorbike models.
Target Audience
Oyika targets electric motorbike users, particularly those in the delivery and ride-sharing industries, as well as individual consumers seeking a cost-effective and convenient alternative to gasoline-powered motorbikes.
Features
- Rapid battery swapping: Exchange depleted batteries for fully charged ones in under 60 seconds.
- Battery-as-a-Service (BaaS): Leasing model reduces upfront costs and eliminates battery replacement concerns.
- Motorbike agnostic: Compatible with a wide range of electric motorbike models.
- Network of swapping stations: Strategically located stations ensure convenient access to battery replacements.
- Mobile app: Locate stations, monitor battery status, and manage subscriptions.
- IoT connectivity: Real-time monitoring of battery performance and station availability.