# ION Mobility Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ion-mobility-pte

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Singapore, Singapore
- Website: www.ionmobility.asia
- Total disclosed funding: $29M
- Latest round: Series A (Feb 3, 2023)
- Investors on record: 16

## About

Based in Singapore, ION Mobility Pte. Ltd. focuses on the design and manufacture of electric scooters, providing sustainable urban mobility solutions to address contemporary transportation challenges.ION Mobility Pte. Ltd. develops electric two-wheeled vehicles aimed at enhancing urban mobility. Founded in 2019 in Singapore, the company has completed three funding deals to date, with the latest being a Series A round on February 3, 2023, raising USD 18.7 mn from various investors, including TVS Motor Company Limited and AC Ventures. The founder, James Chan, has a history of entrepreneurial ventures, although specific details of prior companies are not available.ION Mobility specializes in electric scooters tailored for urban commuting, equipped with advanced battery technology for improved range and charging efficiency. The company targets markets in Southeast Asia, including Singapore, Indonesia, and Malaysia, addressing the demand for eco-friendly mobility alternatives.In 2022, ION Mobility generated no revenue, with an EBITDA of USD -1,692,126.6. Revenue primarily comes from direct sales of electric scooters, supplemented by potential income from accessories and maintenance services through partnerships with local retailers.In August 2023, ION Mobility Pte. Ltd. secured USD 18.7 mn in Series A funding, which will be utilized to strengthen operations in Indonesia and expand its team. The company aims to introduce new electric vehicle models and broaden its market presence in Southeast Asia by focusing on regions experiencing rapid growth in sustainable transport solutions.

## Funding rounds

- Series A, Feb 3, 2023, $19M — Quest Ventures, Monk's Hill Ventures, GDP Venture, Village Global, SEEDS Capital, TVS Motor Company Limited, AC Ventures, TNB Aura
- Series A, Mar 10, 2022, $6.8M — 500 Global, Monk's Hill Ventures, Quest Ventures, Village Global, SEEDS Capital, HPRY Holdings, Angel Central Syndicate, GK-Plug and Play Indonesia, TNB Aura, kipleX, Looking Glass Capital, R2 Venture Partners, Secur Solutions Group Pte Ltd.
- Seed, Oct 20, 2020, $3.3M — Monk's Hill Ventures, Village Global, TNB Aura

## Investors

- Monk's Hill Ventures (https://capitalatlas.ai/funds/monk-s-hill-ventures) — Seed, Series A
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed, Series A
- TNB Aura (https://capitalatlas.ai/funds/tnb-aura) — Seed, Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Quest Ventures (https://capitalatlas.ai/funds/quest-ventures) — Series A
- SEEDS Capital (https://capitalatlas.ai/funds/seeds-capital) — Series A
- HPRY Holdings — Series A
- Angel Central Syndicate (https://capitalatlas.ai/funds/angel-central-syndicate) — Series A
- GK-Plug and Play Indonesia — Series A
- kipleX (https://capitalatlas.ai/funds/kiplex) — Series A
- Looking Glass Capital (https://capitalatlas.ai/funds/looking-glass-capital) — Series A
- R2 Venture Partners (https://capitalatlas.ai/funds/r2-venture-partners) — Series A
- Secur Solutions Group Pte Ltd. — Series A
- GDP Venture (https://capitalatlas.ai/funds/gdp-venture) — Series A
- TVS Motor Company Limited — Series A
- AC Ventures — Series A