Sleek EV, a leading next-generation electric vehicles company in Southeast Asia has secured investment in pre-Series A extension round Finnoventure Fund, a fund managed by Krungsri Finnovate, the venture arm of Krungsri (Bank of Ayudhya PCL).
Read also – Arcapita Closes $500 Mn Logistics Fund in Saudi Arabia
“The capital raised will be used for the R&D of powertrains and software improvements, increasing production capacity, hiring, and working capital for sourcing bulk raw materials to scale up production,” ZQ Ong, co-founder and CTO of Sleek EV.
Read also – Sweet Security Raises $33 Mn Series A Funding
“Our objective at Sleek is to not only build a product that our users want but also to create the best user experience ever. Sleek EV is not just a product, but a lifestyle,” said, ZQ Ong, co-founder and CTO of Sleek EV. “Our team has meticulously combined great hardware quality with proprietary software to provide a seamless experience for our users. Our batteries are IoT-enabled with swapping capabilities, and our motorcycles have best-in-class specs. With our mobile app, Sleek users can enjoy keyless start/stop, theft detection, customisable dashboards, and carbon credits. We are also the first digital EV leasing company with IoT-enabled features.”
About Sleek EV
Founded by Ben Tun and Zhang Quan (ZQ) Ong in 2019, Sleek EV is a leading next-generation electric vehicles company in Southeast Asia. With the aim for EV to become the standard rather than the exception when it comes to urban mobility. Sleek’s mission is to build innovative and benchmark-setting electric vehicles and energy network that are designed around the urban lifestyles of our riders.
