Oyika

Oyika is a Singapore-based electric-mobility company established in 2018 to support the adoption of electric two-wheelers in Southeast Asia. Its core business is a battery-as-a-service model that separates the battery from the vehicle purchase or lease. Riders use compatible electric motorbikes and obtain access to Oyika batteries through subscription plans, then exchange depleted batteries for charged units at networked swapping cabinets. The model is intended to reduce two of the principal barriers to electric-motorbike adoption: the high upfront cost associated with purchasing a battery and the time required to recharge a vehicle conventionally. Oyika's service is designed for dense urban environments and commercial riders who need predictable vehicle availability. A typical swap can be completed much more quickly than a conventional recharge, while the company's mobile application helps customers identify nearby stations and check network availability. Oyika has also offered daily, weekly, and monthly subscription arrangements, including pay-as-you-go and no-contract options in some markets. Its Go2 programme in Cambodia applied this approach to electric-motorbike ride sharing, allowing users to access vehicles without a deposit or a long-term contract. The company has pursued a relatively open hardware strategy. Its batteries are described as bike-agnostic and have been integrated with electric motorcycles from manufacturers including Tailg, Okla, Yadea, Niu, Gesits, Selis, Rakata, and Alessa. The battery systems incorporate Internet of Things and telematics functions, including location and speed tracking, battery-condition monitoring, and safety data relating to voltage, current, charge and discharge rates, temperature, vibration, and humidity. This data architecture supports fleet management, security, predictive maintenance, and monitoring of battery health. Oyika's regional expansion has included Cambodia, Indonesia, Malaysia, and Thailand. In Indonesia, it participated in the development of public electric-vehicle battery-swapping infrastructure known as SPBKLU and built a substantial network in the Jakarta metropolitan area. In Malaysia, it launched a swapping network with RydeEV, whose electric motorcycles were offered through a lease-to-own model. In Thailand, Oyika announced an operational rollout in 2024 supported by swapping and direct-fast-charging stations in Bangkok and Phuket. The company has also worked with public-sector and development organizations. Its cooperation with the United Nations Development Programme was connected with efforts to bring battery-swapping and rural electric mobility to Cambodia. Oyika has attracted strategic investment from Yinson GreenTech and Banpu NEXT. Banpu NEXT announced an investment in 2023 to support expansion in Thailand and the wider Southeast Asian market; the reported investment was valued at US$10.8 million and included US$8.75 million in Series B funding according to the cited company and reference material. Oyika's infrastructure strategy has expanded beyond simple battery exchange: in 2024 it joined a PLN-led Indonesian programme involving battery-swapping stations, direct-charging stations, and home charging, and it signed an agreement with Thunder Plus concerning the integration of two- and three-wheeler fast chargers. Oyika positions itself as an enabling infrastructure and service platform rather than solely as a motorcycle manufacturer. Its commercial proposition combines vehicle access, battery ownership or subscription, software, station operations, and energy management. The company seeks to make electric motorbikes more practical and affordable for consumers, delivery workers, fleet operators, and shared-mobility users while contributing to lower urban emissions. Its long-term performance depends on station density, interoperability, battery availability, vehicle compatibility, regulatory support, and the economics of electric two-wheeler use in each market.

Oyika Private Limited was founded in Singapore in 2018 with the objective of encouraging electric-motorbike adoption in Southeast Asia. Rather than relying only on the sale of complete electric motorcycles, the company developed a battery-as-a-service model. Under this approach, the vehicle and battery can be treated as separate assets: users access a compatible electric motorcycle while obtaining charged batteries through a subscription and a network of exchange cabinets. The model is intended to reduce purchase costs, make energy replenishment faster, and improve the practicality of electric two-wheelers for high-frequency users. In 2020, Oyika introduced the Go2 programme in Cambodia. Go2 was structured as a pay-as-you-go, no-contract, and no-deposit electric-motorbike ride-sharing service. Later that year, Oyika described plans to extend battery-sharing services to rural Cambodian communities. The rural focus connected the company's commercial mobility model with an affordability and access objective: electric motorcycles could be used without requiring riders to purchase a large, expensive battery or wait for a lengthy conventional charge. Oyika also partnered with the United Nations Development Programme on a Cambodian rural-mobility initiative involving battery swapping. The company's technology platform was developed through collaborations with Chinese technology companies including Wondware and ScinPower. Oyika's batteries were designed for compatibility across a range of mass-market electric motorcycles rather than being limited to a single proprietary vehicle. The battery systems include connected telematics for monitoring location, speed, battery condition, and operating environment. These functions can support fleet security, maintenance, usage analytics, and operational control across a distributed station network. Oyika attracted strategic backing as it expanded beyond Cambodia. In June 2021, Yinson GreenTech announced an investment in the company, with the stated purpose of accelerating electric-vehicle adoption through Oyika's app-based services and battery-swapping infrastructure. Indonesia became a particularly important operating market. Oyika participated in Indonesia's public battery-swapping infrastructure programme, known as SPBKLU, and established stations in and around Jakarta. Reference material describes at least 112 stations across parts of the Jakarta metropolitan area by February 2023 and a larger network of more than 200 stations in Indonesia at a later stage, with strong concentration in Jabodetabek. In Malaysia, Oyika launched a battery-swapping network with RydeEV in December 2023. The partnership combined Oyika's energy and swapping infrastructure with RydeEV's lease-to-own electric-motorcycle offering. The initial Klang Valley deployment was described as comprising 15 stations, with expansion plans reaching 100 stations by the end of 2023. The partnership illustrated Oyika's broader strategy of working with vehicle and mobility providers rather than attempting to control every stage of the electric-motorcycle market. Banpu NEXT, an Asia-Pacific smart-energy solutions provider linked to Thailand's Banpu Group, announced a strategic investment in Oyika in 2023. The investment was intended to support the company's expansion in Thailand and other Southeast Asian markets. Reference material reports a value of US$10.8 million and identifies US$8.75 million as Series B funding. In May 2024, Oyika formally rolled out operations in Thailand and introduced 60-volt and 72-volt swappable and direct-fast-charging batteries. The initial Thai network included 70 stations in Bangkok and Phuket, with plans described for a larger network of 300 stations. Oyika's infrastructure role in Indonesia broadened in 2024 when it joined PLN and other partners in a programme covering public battery swapping, public direct charging, and home-based charging. The programme was associated with national electric-vehicle infrastructure development and included targets for additional charging and swapping units. In July 2024, Oyika signed an agreement with Thunder Plus concerning the integration of fast chargers for two-wheelers and three-wheelers into its stations across Southeast Asia. Oyika's history reflects the convergence of electric mobility, distributed energy infrastructure, connected vehicles, and subscription commerce. Its principal challenge is building sufficient station density and battery availability to make swapping more convenient than conventional charging, while maintaining interoperability with a broad range of vehicles. The company remains focused on Southeast Asian markets, where motorcycles are widely used and where urban air-quality, fuel-cost, and mobility-access considerations create potential demand for lower-cost electric alternatives.

• 2024

  Thailand operations begin

  [1]Oyikaen.wikipedia.org

  Oyika introduces 60-volt and 72-volt swappable and direct-fast-charging batteries and opens an initial Thai station network.

• 2024

  Oyika joins Indonesia's PLN infrastructure programme

  [1]Oyikaen.wikipedia.org

  The company joins a multi-party effort to expand public battery swapping, direct charging, and home charging for electric vehicles.

• 2024

  Thunder Plus charging partnership is signed

  [1]Oyikaen.wikipedia.org

  Oyika signs an agreement concerning the integration of fast chargers for two- and three-wheelers into its regional station network.

• 2023

  Banpu NEXT provides strategic investment

  [1]Oyikaen.wikipedia.org

  Banpu NEXT invests in Oyika to support its regional expansion, particularly in Thailand and Southeast Asia.

• 2023

  Malaysia network launches with RydeEV

  [1]Oyikaen.wikipedia.org

  Oyika and RydeEV begin deploying battery-swapping infrastructure in the Klang Valley for lease-to-own electric motorcycles.

• 2021

  Yinson GreenTech invests in Oyika

  [1]Oyikaen.wikipedia.org

  The Malaysian green-technology company invests in Oyika to support electric-vehicle adoption and infrastructure growth.

• 2020

  Go2 electric-motorbike service launches in Cambodia

  [1]Oyikaen.wikipedia.org

  Oyika launches a pay-as-you-go, no-contract, no-deposit electric-motorbike ride-sharing programme in Cambodia.

• 2020

  Rural Cambodia expansion is announced

  [1]Oyikaen.wikipedia.org

  The company announces plans to bring battery-sharing services to rural Cambodian communities.

• 2018

  Oyika is founded in Singapore

  [1]Oyikaen.wikipedia.org

  Oyika Private Limited is established to promote electric mobility and battery-swapping services for electric motorbikes in Southeast Asia.

Affordable, convenient, and infrastructure-led electric mobility for Southeast Asian urban and rural markets, with battery access separated from vehicle ownership.

• Battery-as-a-service infrastructure

  Oyika Battery Swapping Network

  A network of cabinets where riders exchange depleted electric-motorbike batteries for charged units. The system is connected to Oyika's mobile application, which helps users locate stations and assess availability. The network is designed to reduce the downtime associated with conventional charging and to allow customers to access battery capacity through subscriptions rather than purchasing a battery outright.

• Electric-motorbike batteries

  Oyika connected batteries

  Swappable batteries designed to work with multiple electric-motorcycle platforms. Their connected systems can report location, speed, battery voltage, current, charge and discharge activity, temperature, vibration, and humidity. Oyika has integrated batteries with brands including Tailg, Okla, Yadea, Niu, Gesits, Selis, Rakata, and Alessa.

• Electric-motorbike mobility service · 2020

  Go2

  Go2 is a Cambodian pay-as-you-go service providing access to electric motorbikes without a contract or deposit. It combines vehicle access with Oyika's battery-swapping model and was intended to make electric mobility more affordable for users who might not be able to purchase a complete vehicle and battery system.

• Electric-motorbike charging technology · 2024

  60V and 72V swappable and direct-fast-charging batteries

  A battery and charging offering introduced across Oyika's markets in 2024. It supports battery swapping while also accommodating direct fast charging, broadening the ways in which compatible electric two-wheelers can obtain energy from Oyika's infrastructure.

• 2020Go2 Cambodia

  Cambodia

  A pay-as-you-go, no-contract, no-deposit electric-motorbike ride-sharing programme designed to lower barriers to electric mobility.

  Outcome. Reference material reports positive uptake after launch, but does not provide independently verified user or financial figures.

  Source
• 2020Rural Cambodia mobility initiative

  Cambodia

  Oyika pursued the extension of battery-sharing services to rural communities and partnered with the United Nations Development Programme on a rural-mobility initiative.

  Outcome. The initiative aimed to reduce the cost of electric motorbikes and reliance on internal-combustion motorcycles; detailed results are not provided in the available material.

  Source

• 2024

  Launch 60V and 72V battery and charging offeringProduct launch

  Background

  Oyika sought to support a wider range of electric two-wheeler use cases and make its network compatible with both swapping and direct fast charging.

  Action taken

  The company introduced 60-volt and 72-volt swappable and direct-fast-charging batteries across its markets.

  Aftermath

  The offering accompanied the launch of Oyika operations in Thailand, initially supported by stations in Bangkok and Phuket.

  Source

• 2024

  Participate in PLN's Indonesian charging-infrastructure programmeStrategy

  Background

  Indonesia was developing public infrastructure for electric vehicles, including battery swapping, direct charging, and home charging.

  Action taken

  Oyika joined PLN and other business partners in a programme aimed at expanding SPBKLU, SPKLU, and home-charging capacity.

  Aftermath

  The programme set infrastructure-development targets for the end of 2024, although the available material does not confirm final delivery.

  Source

• 2023

  Raise strategic funding from Banpu NEXTM&A

  Background

  Oyika required additional capital to expand its battery-swapping footprint in Thailand and other Southeast Asian markets.

  Action taken

  Banpu NEXT announced a strategic investment. Reference material reports a US$10.8 million valuation and US$8.75 million Series B funding.

  Aftermath

  The funding supported the company's subsequent Thai rollout and broader regional infrastructure plans.

  Reported Series B funding. US$8.75 million (2023)

  Source

• 2021

  Accept strategic investment from Yinson GreenTechM&A

  Background

  Oyika sought capital and strategic support to accelerate electric-vehicle adoption and its app-based battery-swapping infrastructure.

  Action taken

  Yinson GreenTech announced an investment in Oyika.

  Aftermath

  The investment was intended to support regional expansion; the available material does not specify its amount or ownership consequences.

  Source

• 2020

  Extend battery sharing into rural CambodiaStrategy

  Background

  Oyika identified high vehicle and battery costs, as well as dependence on internal-combustion motorcycles, as barriers to rural electric mobility.

  Action taken

  The company announced plans to extend its battery-sharing service beyond urban Cambodia and connected the effort with the Go2 mobility programme.

  Aftermath

  The available reference material does not provide a quantified assessment of the programme's later results.

  Source

• 2024

  Oyika expands charging and swapping operations in Thailand[1]Oyikaen.wikipedia.org

  Product launch · Product generation

  Oyika introduced 60-volt and 72-volt swappable and direct-fast-charging batteries and rolled out operations in Thailand, beginning with stations in Bangkok and Phuket.

• 2024

  Oyika joins PLN electric-vehicle infrastructure programme[1]Oyikaen.wikipedia.org

  Regulation

  Oyika joined a PLN programme with other business partners to develop Indonesian battery-swapping stations, direct-charging stations, and home-charging capacity.

• 2024

  Oyika signs charging-integration agreement with Thunder Plus[1]Oyikaen.wikipedia.org

  Product launch

  Oyika agreed with Thunder Plus to explore integration of two-wheeler and three-wheeler fast chargers into Oyika battery-swapping stations across Southeast Asia.

• 2023

  Banpu NEXT makes strategic investment in Oyika[1]Oyikaen.wikipedia.org

  M&A

  Banpu NEXT announced a strategic investment in Oyika to support expansion in Thailand and the broader Southeast Asian market. Reference material reports the investment at US$10.8 million and describes US$8.75 million as Series B funding.

• 2023

  Oyika launches Malaysian battery-swapping network with RydeEV[1]Oyikaen.wikipedia.org

  Product launch

  Oyika began deploying a Malaysian network with RydeEV, initially covering the Klang Valley and supporting lease-to-own electric motorcycles.

• 2021

  Yinson GreenTech invests in Oyika[1]Oyikaen.wikipedia.org

  M&A

  Malaysia-based Yinson GreenTech announced an investment intended to accelerate Oyika's electric-vehicle adoption and battery-swapping expansion in Southeast Asia.

• 2020

  Oyika announces Cambodia rural battery-sharing expansion[1]Oyikaen.wikipedia.org

  Product launch

  Oyika outlined plans to extend battery-sharing services to rural communities in Cambodia, alongside its Go2 electric-motorbike mobility programme.

1. 1Oyikaen.wikipedia.org