Ion Mobility
- Company typePrivate
- Founded2019
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2C
- OfferingHardware or Manufacturing
What Ion Mobility does
Ion Mobility is a Singapore-based electric vehicle manufacturer founded in 2019 that designs, develops, and commercializes smart electric two-wheelers — motorbikes and scooters — for the Southeast Asian market, with operational focus on Singapore and Indonesia. Its core product is the M1-S electric maxi-scooter, co-developed with TVS Motor Company, and its underlying technology centers on an in-house electric powertrain (motor and battery system) for two-wheelers. The company is pursuing local manufacturing capacity in Jakarta as part of a target to achieve at least 50% local content in Indonesia, supported by a supply-chain buildout intended to reduce cost and delivery times for the Indonesian market.
Ion Mobility operates a hardware-sales revenue model selling electric motorbikes and scooters to Southeast Asian urban commuters (primary) and commercial fleet operators (secondary), with an additional technology-licensing and co-development dimension through its partnership with TVS Motor Company. The company has raised approximately US$25.5 million across six funding rounds between October 2020 and June 2023, led by regional VCs including Quest Ventures and TNB Aura, with strategic investment from TVS Motor Company (Series A, February 2023) and PETRONAS FutureTech. In March 2025, TVS Motor (Singapore) divested its stake back to Ion Mobility and its founder/CEO James Chan for ~US$1.75 million, ending the associate relationship and leaving the company as an independent, venture-backed OEM with a small headcount of 11-50 employees and no disclosed revenue.
Ion Mobility firmographics
Firmographics- Name
- Ion Mobility
- Legal name
- Ion Mobility Pte Ltd
- Website
- https://ionmobility.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Ion Mobility industry classification
Industry- Product category
- Electric Two-Wheelers
- NAICS
- Motorcycle, Bicycle, and Parts Manufacturing (336991)
- SIC
- Motorcycles, Bicycles & Parts (3751)
- akta.pro primary industry
- E-scooters & E-mopeds Manufacturing (IMACAOAB)
- akta.pro secondary industries
- E-Mobility Batteries & Swappable Packs (Consumer) (CRACASAI), E-Mobility Controllers, Motors & Drivetrains (Consumer aftermarket/OEM) (CRACASAK)
Keywords
Where Ion Mobility is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
Ion Mobility business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Electric Vehicle Sales: Sale of electric motorbikes and scooters to consumers and fleet operators in Southeast Asia
- Technology Licensing/Partnership: Partnership with TVS Motor Company for co-development of electric vehicles, contributing to technology development and market expansion
Go-to-market motion2 records
Distribution channels1 record
Marketing channels1 record
Ion Mobility product offering
Product offeringCore offering
Ion Mobility is a Singapore-based electric vehicle OEM that designs, manufactures, and sells smart electric motorbikes and scooters (two-wheelers) for Southeast Asian markets. The company developed the M1-S electric maxi-scooter in partnership with TVS Motor Company and targets consumers and fleet operators in Singapore and Indonesia with locally manufactured electric mobility solutions.
Product overview
ION Mobility is a Singapore-based electric vehicle manufacturer specializing in electric two-wheelers, including electric motorbikes and scooters. The company has developed products such as the M1-S electric maxi-scooter in partnership with TVS Motor Company. ION Mobility's portfolio centers on electric mobility solutions for Southeast Asian markets, with a focus on Indonesia and Singapore.
Differentiator
Problem solved
Functional benefit
Products and services
- M1-S Electric Maxi-Scooter
Quantifiable outcome
- 50% local content target in Indonesia manufacturing operations
Companies that use Ion Mobility
Customer profileSegments2 records
Ideal customer profiles2 records
Ion Mobility technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Ion Mobility partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TVS Motor CompanycorePartnership for co-development of the M1-S electric maxi-scooter, where ION Mobility provided technology expertise to TVS Motor Company for their electric vehicle product line.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Ion Mobility competitors and assessment
Company assessmentDirect peers
- Gogoro: Taiwan-based electric scooter OEM and battery-swapping platform. Gogoro directly competes with Ion Mobility in Southeast Asia's electric two-wheeler market, with similar technology approach and product positioning.
- NIU Technologies: Chinese smart electric scooter manufacturer with global distribution. NIU directly competes with Ion Mobility in the premium smart e-scooter category, including Southeast Asian markets.
Broad incumbents
- Yadea: China's largest electric two-wheeler manufacturer with expanding global presence, including Southeast Asia. Yadea is a broad incumbent in the same product category with vastly greater scale and dealer network.
- VinFast: Vietnamese EV manufacturer expanding aggressively across Southeast Asia. While VinFast focuses on cars, it represents a regional EV competitor with similar Southeast Asia ambitions and government backing.
- Honda Motorcycle (PT Astra Honda Motor): Dominant Indonesian motorcycle manufacturer now introducing electric models. As the market leader, Honda represents the most significant competitive threat to Ion Mobility's two-wheeler EV ambitions.
Emerging players
- Gesits: Indonesian electric motorcycle manufacturer that competes directly with Ion Mobility in the Indonesian two-wheeler EV market, with government and local-industry backing.
- Swap Energi Indonesia: Indonesian electric mobility startup focused on battery-swap and electric two-wheeler ecosystem. Operates as a peer and potential partner/complementor in Indonesia's EV infrastructure build-out.
Regional players
- Viar Motor Indonesia: Indonesia-based motorcycle and electric vehicle manufacturer. Viar is a regional player competing in the Indonesian electric two-wheeler market with established local manufacturing.
- Selis (Electra Mobil Indonesia): Indonesian electric scooter brand that has captured meaningful local share. Selis is a regional player competing in the same Indonesian e-scooter consumer segment.
Others
- Grab Holdings: Southeast Asian super-app that operates ride-hailing and delivery fleets using two-wheelers. While not a vehicle manufacturer, Grab is a potential large fleet customer and channel partner for Ion Mobility's products.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Ion Mobility financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ion Mobility leadership team
Management profileNumber of profiles
Profiles1 record
Ion Mobility funding detail
Funding detailFunding overview
Funding rounds6 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ion Mobility M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ion Mobility
What does Ion Mobility do?
Ion Mobility is a Singapore-based electric vehicle OEM that designs, manufactures, and sells smart electric motorbikes and scooters (two-wheelers) for Southeast Asian markets. The company developed the M1-S electric maxi-scooter in partnership with TVS Motor Company and targets consumers and fleet operators in Singapore and Indonesia with locally manufactured electric mobility solutions.
Is Ion Mobility a public or private company?
Ion Mobility is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ion Mobility founded?
Ion Mobility was founded in 2019. It employs 11 to 50 people.
Where is Ion Mobility based?
Ion Mobility is headquartered in Singapore, Singapore, in the Asia region.
How does Ion Mobility make money?
Two revenue lines are on record. Electric Vehicle Sales are the primary driver. The others are technology Licensing/Partnership.
Who are Ion Mobility's main competitors?
Direct peers on record are Gogoro and NIU Technologies. Broad incumbents are Yadea, VinFast and Honda Motorcycle (PT Astra Honda Motor). Emerging players are Gesits and Swap Energi Indonesia. Regional players are Viar Motor Indonesia and Selis (Electra Mobil Indonesia). Grab Holdings is listed as an others.
Does Ion Mobility have an API?
No public API is recorded for Ion Mobility.
What industry is Ion Mobility in?
Ion Mobility's product category is Electric Two-Wheelers. Its primary akta.pro industry code is IMACAOAB, E-scooters & E-mopeds Manufacturing, with a secondary code of CRACASAI, E-Mobility Batteries & Swappable Packs (Consumer). Its NAICS code is 336991 and its SIC code is 3751.