Oyika

Last updated
Oyika Pte. Ltd.
Native name
奥谊卡私人有限公司
Company type Private
IndustrySustainable Urban Transportation and Energy Refueling
Founded2018;7 years ago (2018)
FoundersJinsi Lee
Carl Wong
Headquarters
Singapore
,
Singapore
Key people
Jinsi Lee (CEO)
Roderick Chia (CTO)
Products Electric Vehicles
Services Battery Swapping
Subsidiaries PT Oyika Energi Indonesia
Oyika (Thailand) Co.
Website Official website OOjs UI icon edit-ltr-progressive.svg

Oyika is a Singapore-based multi-national company that provides Battery-as-a-Service (BaaS) solutions for electric motorbikes in Southeast Asia, offering battery swapping stations to make EV adoption more accessible and convenient. The company aims to promote sustainable urban mobility and reduce air pollution through affordable and efficient electric transportation options. [1]

Contents

Founded in 2018, Oyika has become a market leader across the Southeast Asia region in advocating for electric vehicles. [2] In 2023, the company secured US$8.75 million in Series B funding from Banpu NEXT, an arm of Thailand's Banpu Group, to expand its battery swapping infrastructure.

Oyika partners the United Nations Development Programme (UNDP) to introduce battery-swapping services in Cambodia as part of a rural mobility initiative. [3]

History

Oyika Private Limited was founded in 2018 in Singapore to promote the adoption of electric mobility across Southeast Asia. [4]

In October 2020, Oyika unveiled plans to extend its battery-sharing services to rural communities in Cambodia, aiming to reduce the costs of e-motorbikes and decrease the reliance on traditional internal combustion engine (ICE) motorbikes. This complemented it's Go2 programme launched in May 2020 in Cambodia, a pay-as-you-go, no-contract, no-deposit e-motorbike ride-sharing service, which has received positive uptake since launch. [5]

In June 2021, Malaysian-based Yinson Green Tech announced its investment in Oyika, with the objective to accelerate electric vehicles (EV) adoption in Southeast Asia, through realisation of Oyika's affordable, app-based solution and battery swap infrastructure. [6]

In May 2023, Banpu NEXT, a smart energy solutions provider in Asia-Pacific region, and a subsidiary of Thai energy solutions firm Banpu Infinergy (BPIN), announced a strategic investment in Oyika valuing 10.8 million USD, supporting its expansion of footprint in Thailand and Southeast Asia. [7] [8]

In May 2024, Oyika introduced its swappable and direct fast charging 60v and 72v batteries across its markets, and officially rolled out operations in Thailand. The roll out was complemented by 70 battery swapping stations capable of direct fast charging in Bangkok and Phuket, and was planed with expansion to a network of 300 such stations across Thailand. [2]

Products and Services

Oyika Battery Swapping Network

Oyika provides a Battery-as-a-Service (BaaS) system for electric motorbikes. Its platform allows riders to swap depleted batteries for fully charged ones at designated stations, typically in under a minute. This approach addresses common barriers to EV adoption such as long charging times and high upfront costs. [9] The company offers several subscription models, including daily, weekly, and monthly plans, bundled with battery swaps and electric motorbike usage. Its services are available via a mobile app, which lets its users know where nearby stations are located and if they have the available capacity. [8]

Oyika's batteries are designed to be bike-agnostic, making it easily compatible with most of the mass-market electric motorcycles across Southeast Asia. This provided flexibility and ease for bike manufacturers to integrate existing electric motorcycle models with Oyika's batteries. This provided cost and technologically effective solution to on-board electric two-wheeler firms to Oyika's network of battery charging and swapping stations located in Cambodia, Indonesia, Malaysia, and Thailand. [10] Currently, Oyika batteries are integrated with renowned electric motorcycle brands such as Tailg, Okla, Yadea, Niu, Gesits, as well as several Indonesian local brands such as Selis, Rakata, Alessa. [11] [12] [13] [14] [15] In addition, these batteries are in-built with Internet of Things (IoT) capabilities, enabling 4G cellular telematics tracking of vehicle speed and location, battery condition monitoring (including voltage, current, charge/discharge rate, temperature, vibration, and humidity), as well as Global Positioning System (GPS)-enabled security and safety measures. [16] [17]

Oyika launched its battery swapping network in Malaysia in December 2023 in partnership with RydeEV, which begun rolling out electric motorcycles on a lease-to-own basis. The initial battery swapping network consisted of 15 battery swapping stations throughout Klang Valley, which was expanded to 100 stations by the end of 2023. [18] Concurrently, Oyika has established more than 200 battery swapping stations in Indonesia, with a major network density within Jabodetabek. [14]

At present, there are at least 250 battery swapping cabinets in Jakarta, Indonesia, allowing accessibility to the network within every 3 kilometres in the city and catering for at lease 1000 electric motorcycles running on Oyika batteries. [19]

Infrastructure

Indonesia

OYIKA is part of the Acceleration Program of Battery Electric Vehicles in Indonesia, and is one of the pioneering companies in Indonesia supporting the establishment of Stasiun Penukaran Baterai Kendaraan Listrik Umum (Public Electric Vehicle Battery Swap Station, or SPBKLU) in Indonesia. [16] As of February 2023, Oyika operates at least 112 SPBKLU stations spread across various townships in the outskirts of Jakarta, including Bogor, Depok, Tangerang, and Bekasi. [20] These stations are integrated with the Oyika application. allowing users to easily locate the nearest exchange station point and swap for a fully charged battery. [16]

In 2024, Oyika joined Perusahaan Listrik Negara (PLN) along with a list of 28 business entity partners, including other major players such as Electrum, Swap, Volta, to jointly develop SPBKLU for electric vehicle battery-swapping, Stasiun Pengisian Kendaraan Listrik Umum (Public Electric Vehicle Charging Stations, or SPKLU) for electric vehicle direct charging, in addition to developments for Home-based Charging. [21] The programme aimed to create more opportunities for increased capacity building in electric vehicle adoption in Indonesia, and is set to install 3,000 SPKLU units and 250 SPBKLU units by end of 2024. [22]

Partnerships

In July 2024, Oyika signed an agreement with Thunder Plus, with plans to integrate its range of two-wheeler and three-wheeler fast chargers into Oyika's battery swapping stations across the Southeast Asia region. [23]

See also

References

  1. ↑ SEACEF (2021-09-22). "Oyika secures investment for e-scooter adoption in Indonesia". SEACEF. Retrieved 2025-04-25.
  2. 1 2 Bangkok Post (2024-05-30). "Oyika to develop battery-swapping cabinet business". Bangkok Post . Retrieved 2025-04-25.
  3. ↑ "Singapore venture-funded company Oyika Pte Ltd expands battery share services to Cambodia". Cambodia Market Entry. 30 October 2020. Retrieved 25 April 2025.
  4. ↑ "Banpu NEXT invests in Oyika, accelerating battery swapping stations for electric motorbikes in Southeast Asia". Banpu NEXT. Retrieved 25 April 2025.
  5. ↑ "Singapore company to expand battery-share idea to rural Cambodia". Archived from the original on 2021-12-14. Retrieved 2025-04-25.
  6. ↑ Yusof, Ayisy (2021-06-16). "Yinson invests in Singapore start-up, accelerating e-mobility adoption | New Straits Times". NST Online. Retrieved 2025-04-25.
  7. ↑ "Banpu NEXT Invests in Oyika, accelerating battery swapping stations for electric motorbike in Southeast Asia". nationthailand. 2023-05-11. Retrieved 2025-04-25.
  8. 1 2 "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2025-04-25.
  9. ↑ "Oyika Offers Battery Swapping Subscription Plans For Electric Riders In SEA". Vulcan Post. 8 June 2022. Retrieved 25 April 2025.
  10. ↑ "电动电单车显商机 奥谊卡电池租用业务遍布马泰柬印尼". www.zaobao.com.sg (in Simplified Chinese). Retrieved 2025-04-25.
  11. ↑ Sangmanee, Kesawadee Kate (2024-01-25). "Oyika Opening OPUS (Oyika Power-Up Station) - OyikaThailand". oyikathailand.com. Retrieved 2025-04-25.
  12. ↑ "立盈集团与电动车初创企业奥谊卡合作 携手加速东南亚市场转换选用电动车 #NEFIN #立盈集团". Media Outreach. Retrieved 2025-04-25.
  13. ↑ "RydeEV: Malaysia's new electric motorcycle player. Leasing from RM299/month with unlimited battery swap". SoyaCincau. Retrieved 2025-04-25.
  14. 1 2 Mediatama, Grahanusa (2023-10-07). "Oyika Gandeng Selis Hadirkan Motor Listrik dengan Performa Optimal". kontan.co.id (in Indonesian). Retrieved 2025-04-25.
  15. ↑ "Oyika hadirkan motor listrik". Antara News. Retrieved 2025-04-25.
  16. 1 2 3 "Electric Vehicle Businesses Support SPBKLU Operations". ESDM. Retrieved 2025-04-25.
  17. ↑ "Oyika - Electrifying motorbike performance". Arrow Electronics. 2025-05-28. Retrieved 2025-05-28.
  18. ↑ "RydeEV electric motorcycles to be available this December?". SoyaCincau. Retrieved 2025-04-25.
  19. ↑ "Find out how this homegrown start-up is changing the game for e-motorbikes in Southeast Asia". CNA. Retrieved 2025-04-25.
  20. ↑ Media, Kompas Cyber (2023-02-27). "Oyika Tambah Fasilitas SPBKLU Tahun Ini". KOMPAS.com (in Indonesian). Archived from the original on 2024-04-24. Retrieved 2025-04-25.
  21. ↑ "SUPERCHARGING TOMORROW'S MOBILITY" (PDF). Indonesia's Electric Vehicle Outlook. 31 July 2023 – via AC Ventures.
  22. ↑ "PLN Collaborates With 28 Business Entity Partners To Develop SPKLU, SPBKLU And Home Charging, Here's The List!". VOI - Waktunya Merevolusi Pemberitaan. Retrieved 2025-04-25.
  23. ↑ "Thunder Plus and Oyika sign MOU to expand EV operations in Southeast Asia • EVreporter". 2024-07-19. Retrieved 2025-04-25.
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