DYU Secures $15M Pre-Series B to Accelerate AI Mobility Expansion

Shenzhen-based e-bike manufacturer Dayu Zhixing Technology, commonly known as DYU, has recently secured nearly $15 million in a pre-Series B funding round. Led by Tongxin Capital with support from multiple institutional investors, the capital will be used to advance intelligent technology, establish a global brand, and expand its supply chain.

The European ebike market is currently dealing with inventory adjustments. According to CONEBI data, sales in the EU and UK decreased to 5.1 million units in 2023, compared to 5.5 million units in 2022. Although mid-to-high-end brands offer aggressive price cuts in this market segment, DYU avoids this pressure altogether. Founder and CEO Li Wei focuses on the €500 to €2,000 mass market, which benefits from Chinese supply chain strengths and cost advantages, despite steady demand even amid economic challenges.

DYU is transitioning from traditional folding e-bikes to a comprehensive intelligent mobility platform. Its product line now includes light off-road electric motorcycles, fat-tyre bikes, and lifestyle hardware such as a newly launched $1,200 electric wagon designed for camping and outdoor activities in Europe and the United States.

Regional strategies cater to distinct consumer habits, with the European market being highly regulated and the US market favoring outdoor recreation. The US recreational vehicle segment now accounts for roughly 20% of total revenue and has grown annually by more than 25% over the past two years.

As weaker competitors leave the market, DYU believes that AI-driven mobility features and cost-effective hardware will be the key drivers for its next growth phase.