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SLEEK EV closed an extension round with Krungsri Finnovate to revolutionize the urban transport landscape.

Mar 06, 2024almost 2 years ago
SingaporeMotor Vehicle Manufacturing

Investors

Krungsri Finnovate

Description

SLEEK EV, Thailand’s fastest-growing EV two-wheeler brand, closed an extension round with Krungsri Finnovate, the venture arm of Krungsri (Bank of Ayudhya PCL), marking a significant milestone in the electric vehicle (EV) industry. The investment will fuel SLEEK EV’s ambitious growth plans and innovative approach to electric mobility.

Company Information

Company

SLEEK EV

Location

Singapore, Southeast Asia, Singapore

About

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. We are a lifestyle in motion, when it comes to all aspects of the Sleek brand.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers