PIDG exits Dat Bike following successful scale up and a 26 million Series B fundraise
On October 20 the Private Infrastructure Development Group PIDG through its project development solution InfraCo exited from Dat Bike following a successful redemption of its convertible note
Dat Bike, Vietnam's leading high-performance electric motorbike producer, successfully raised $26 million in its Series B fundraise in March 2026, following a $22 million Series B round in September 2025. The fundraising was co-led by Japan's F.C.C. Co., Ltd. and Rebright Partners, with participation from existing investors like Jungle Ventures, AiViet Venture, and new investors Thien Viet Securities and Cathay Venture.
Dat Bike's CEO, Son Nguyen, highlighted how PIDG's investments helped scale the company's manufacturing facility and production capabilities, leading to a tenfold increase in monthly production and expanded sales channels. PIDG provided strategic guidance, flexible financing, and HSES oversight throughout Dat Bike's growth journey, enabling the company to secure additional financing during a period of rapid expansion.
The company's flagship Quantum S series offers a range of up to 285 km, making it a competitive product in Vietnam's transition to electric mobility. Dat Bike's expansion aligns with the Vietnamese government's target of electrifying 100% of road vehicles by 2050 and the establishment of low-emission zones in major cities.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
