SLEEK EV, a leading technology manufacturer and innovator in vehicle electrification—focused primarily on electric scooters—has announced the first close of its Series A funding round, raising US$8.5 million.
The round was led by KYMCO Capital, a private equity fund backed by global powersports leader Kwang Yang Motor Co., Ltd. (KYMCO), alongside participation from more than 20 supply chain partners across Taiwan and China. Existing investors January Capital, Krungsri Finnovate, and ORZON Ventures also participated in the round.
The funding marks a major milestone as SLEEK EV accelerates its pan-Thailand expansion and advances its ambition to position Thailand as a regional hub for electric motorcycles in Southeast Asia.
Scaling Production, Technology, and Charging Infrastructure
Proceeds from the Series A first close will be deployed across several strategic priorities:
- Manufacturing Expansion: Scaling production capacity through an expanded facility located along Thailand’s Eastern Economic Corridor (EEC).
- Advanced R&D: Accelerating product development with a focus on AI-driven software and intelligent AI agents to enhance rider experience and operational efficiency.
- Network Growth: Expanding SLEEK’s EV S-Charge infrastructure by more than seven times, strengthening charging and battery-swapping accessibility nationwide.
Strengthening Partnerships and Ecosystem Leadership
Building on established partnerships with PTT OR, Krungsri Auto, Toyota Tsusho, and Grab, SLEEK EV will continue to forge new strategic alliances with dealers, ecosystem partners, and national regulatory bodies. The company aims to drive stronger market adoption, improve delivery scale, and establish new regional benchmarks for safety, quality, and operational efficiency in electric motorcycle charging and battery swapping.
With this funding, SLEEK EV is poised to play a defining role in shaping the next phase of Southeast Asia’s electric two-wheeler ecosystem.
SLEEK EV’s long-term ambition is to become APAC’s trusted Full Stack EV Motorcycle Operating System, where partners collaborate, data compounds, and actions convert to a new way of urban mobility. KYMCO Capital, a strategic partner and investor, will bring along 60 years of industry experience in the two-wheelers to SLEEK EV and will support in its effort to optimize supply chains, synergize the proliferation of battery and charging /swapping technologies, and supercharge its distribution across Southeast Asia.
“This investment from KYMCO Capital is a strategic one. It validates our technology and our ability to compete in global markets. SLEEK EV is not just an electric motorcycle manufacturer. We are redefining vehicle electrification with an end-to-end ecosystem solution – from manufacturing, charging infrastructure, and an integrated software that binds everything together. Our goal is simple. We want to make Thailand the electric motorcycle hub of ASEAN. Our target is to be the #1 EV motorcycle brand in Thailand by end-2026.” said Kantinan Tunveenukoon (Ben), CEO & Co-founder of SLEEK EV. “With KYMCO Capital, we are doubling down on the EV ecosystem with quality products, robust technology stack, and like-minded stakeholders who can drive this forward with us.”
Gary Ting, Managing Partner of KYMCO Capital, shared that “KYMCO Capital has committed to supporting Thai electric vehicle ecosystem based on what they had built up in Taiwan and China. This investment in SLEEK EV exemplifies our ecosystem in the Southeast Asian markets. This partnership embodies the next generation of urban infrastructure transformation through vehicle electrification. With KYMCO deep capabilities coupled with SLEEK EV offerings, we see ourselves empowering all businesses and governments to go electric. We strongly believe that SLEEK EV ecosystem approach in Thailand will play a vital role in building a greener future.”
