# Eurosports Technologies Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eurosports-technologies-pte

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Singapore, Singapore
- Website: www.scorpioelectric.com
- Total disclosed funding: $8.5M
- Latest round: Series A (Nov 26, 2020)
- Investors on record: 2

## About

Eurosports Technologies Pte. Ltd. specializes in the design and production of electric bikes and motorcycles, focusing on sustainable transportation solutions for urban consumers, with a commitment to innovative mobility.Founded in 2017, Eurosports Technologies Pte. Ltd. operates from its headquarters in Singapore. The company focuses on electric two-wheelers and has successfully completed a total of 5 funding deals. The latest funding round, Series B, raised USD 4.25 mn, led by EuroSports Global Limited, bringing the total amount raised to USD 4.25 mn with a current valuation of USD 154.563 mn. The CEO, Joshua Goh, helms the company as it navigates the growing electric mobility market.Eurosports Technologies Pte. Ltd. manufactures and sells electric bikes and motorcycles designed for eco-conscious consumers in urban environments. Their offerings include electric two-wheelers that provide efficient transportation, alongside a range of related apparel and accessories, such as branded T-shirts and bags. Targeting urban commuters and young professionals, the company aims to address the rising demand for sustainable vehicle alternatives.In the most recent year of 2023, Eurosports Technologies Pte. Ltd. generated revenue of USD 1,072,000. The company reported an EBITDA of USD -2,177,312.60 for the same year, reflecting the current financial landscape as it expands its operations in the electric mobility sector.Eurosports Technologies Pte. Ltd. is actively designing new models of electric motorcycles, with plans to launch these products by the end of 2024. The company aims to expand into European and North American markets, targeting these expansions within the next two years. Recent funding will support these initiatives, particularly enhancing research and development capabilities and increasing marketing efforts to establish a stronger foothold in these new regions.

## Funding rounds

- Series A, Nov 26, 2020, $8.5M — Sunwah Kingsway, Su Lin Investment Corporation

## Investors

- Sunwah Kingsway (https://capitalatlas.ai/funds/sunwah-kingsway) — Series A
- Su Lin Investment Corporation — Series A