SLEEK EV, a company that makes electric motorcycles and vehicle electrification technology, has raised US$8.5 million in the first closing of its Series A funding round. The round was led by KYMCO Capital, with support from January Capital, Krungsri Finnovate, and ORZON Ventures.
The funding will help SLEEK EV expand its operations across Thailand and support the country’s goal of becoming a regional hub for electric motorcycles.
SLEEK EV plans to use the investment to increase production capacity at its expanded factory in Thailand’s Eastern Economic Corridor (EEC), speed up software and AI research, and greatly grow its EV charging and battery-swapping network.
SLEEK EV plans to increase the number of its S-Charge stations by more than seven times. It will continue working with existing partners such as PTT OR, Krungsri Auto, Toyota Tsusho, and Grab to support this expansion.
The company is also building new partnerships with vehicle dealers and government bodies. These partnerships will help speed up the use of electric motorcycles and set clear standards for charging and battery-swapping systems.
SLEEK EV’s long-term goal is to create a complete electric motorcycle ecosystem. This includes making the vehicles, running the charging and battery-swapping network, and using software to connect everything smoothly.
As a strategic investor, KYMCO Capital will support SLEEK EV with industry knowledge, supply chain improvements, and regional distribution. This support is backed by KYMCO’s 60 years of experience in the two-wheeler industry.
Kantinan Tunveenukoon (Ben), CEO and Co-founder of SLEEK EV, said the investment validates the company’s technology and growth strategy, adding that SLEEK EV aims to become Thailand’s leading electric motorcycle brand by the end of 2026.
Gary Ting, Managing Partner of KYMCO Capital, said the investment reflects the firm’s commitment to supporting electric mobility ecosystems in Southeast Asia, leveraging experience built in Taiwan and China to support the transition toward electrified urban transport.
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