Oyika
Oyika is a motor vehicle company that builds battery swap and charging infrastructure for electric vehicles.
- Company typePrivate
- Founded2018
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Oyika does
Oyika is a motor vehicle company that builds battery swaps and charging infrastructure for electric vehicles. They provide electric two-wheeler riders with a power subscription plan, as well as smart batteries and off-grid energy and mobility as a service to consumers and companies. The company was founded in 2018 and is based in Singapore.
Oyika firmographics
Firmographics- Name
- Oyika
- Legal name
- OYIKA Pte Ltd.
- Website
- https://www.oyika.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Oyika is a motor vehicle company that builds battery swap and charging infrastructure for electric vehicles.
- Ownership category
- akta.pro rank
Oyika industry classification
Industry- Product category
- Electric Vehicle Battery Swapping Infrastructure
- NAICS
- Automotive Equipment Rental and Leasing (5321), Consumer Goods Rental (5322)
- SIC
- Services-Auto Rental & Leasing (No Drivers) (7510), Motorcycles, Bicycles & Parts (3751)
- akta.pro primary industry
- Micro-Mobility & Two-/Three-Wheeler Fleet Leasing/Subscription (E-bikes, E-scooters, E-motorcycles) (TLABAHAI)
- akta.pro secondary industries
- E-Bike Rentals (THADAGAE), Fleet Management Services (Lifecycle, Compliance, Safety, Driver Programs) (TLABAHAJ), Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA), E-Mobility Batteries & Swappable Packs (Consumer) (CRACASAI)
Keywords
Where Oyika is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices3 records
Markets served
Oyika business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Supply Chain, Infrastructure, Operations, Personnel, Marketing or Sales
Revenue model
- Battery-as-a-Service Subscriptions: Monthly, weekly, and pay-per-use subscription plans bundled with battery swaps and electric motorbikes. Removes upfront battery cost from EV purchase, enabling adoption through recurring payments similar to telco mobile plans.
- Pay-per-swap transactions: Individual battery swap transactions at US$1 per swap, providing approximately 50km range per swap. Supports both subscription and non-subscription customers.
- Hardware Sales: Sales of proprietary smart batteries, swap stations, and charging points to partners and customers building out the network.
- E-bike Leasing: Leasing and lease-to-own arrangements for e-bikes through partnerships like Yinson's rydeEV, with bundled battery swapping services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Pay-per-use plan at US$0.05 per minute |
| Subscription | Pay-as-you-go | Prepaid weekly subscription |
| Subscription | Monthly | Monthly subscription plan |
| Transaction based/ take rate | Pay-as-you-go | Per-swap pricing |
| Subscription | Multi-year contract | B2B Leasing - Ryder (Malaysia) |
| Subscription | Multi-year contract | B2B Leasing - Hyper (Malaysia) |
| Subscription | Multi-year contract | Leasing to Own - Ryder (Malaysia) |
| Subscription | Multi-year contract | Leasing to Own - Hyper (Malaysia) |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Oyika product offering
Product offeringCore offering
Oyika provides a battery-as-a-service (BaaS) subscription platform for electric motorbikes in Southeast Asia, deploying proprietary smart batteries, automated swap stations, and charging points accessed through a mobile app for swaps, payments, and lifecycle tracking. Customers subscribe to swap access instead of owning batteries, removing upfront battery cost and range anxiety while Oyika operates the underlying energy network.
Product overview
Oyika operates as a Battery-as-a-Service (BaaS) company offering a unified ecosystem of hardware and software products for electric vehicle battery swapping. The core portfolio consists of the Smart EV Battery Gen3i (proprietary swappable battery packs), Swap Station Gen3 (smart battery swap stations), and Oyika Charge Point (charging infrastructure), complemented by the Oyika App (mobile application for station navigation and battery swapping) and IoT Connect (fleet management and real-time monitoring system). The company bundles these products with subscription plans, allowing riders to lease batteries and access swap stations rather than purchasing batteries outright. Oyika's solution is bike-agnostic, compatible with most electric motorbike brands across Southeast Asia.
Differentiator
Problem solved
Functional benefit
Brands
- Go2: Oyika's ride-share brand offering electric motorbike sharing services in Cambodia, featured by UNDP Cambodia for electrification initiatives.
Products and services
- Battery-as-a-Service Subscription
Quantifiable outcome
- Each ICE motorbike replaced saves approximately 1 tonne of CO2 equivalent per year
- +2 more outcomes
Companies that use Oyika
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles4 records
Oyika technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Oyika partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, minor and flagship.
- FoodpandacoreMOU signed for provision of electric motorbikes powered by Oyika to Foodpanda delivery riders, demonstrating range, speed, and reliability for demanding delivery market.
- UNDP CambodiaminorUNDP Cambodia featured Oyika's ride-share brand Go2 during 'Electrification of Vehicles for a Cleaner Cambodia' week and provided grant support.
- Phnom Penh City Authority (PPCA)corePublic-private partnership to integrate Go2 e-bikes at 11 bus stops for first-and-last-mile connectivity under Phnom Penh's public bus programme.
- Yinson GreenTechflagshipYinson GreenTech invested in Oyika and launched the region's biggest e-bike leasing and battery swap centre (rydeEV Experience Centre) in Petaling Jaya, Malaysia. Partnership leverages Yinson's logistics and energy solutions expertise.
- GojekcoreGojek delivery riders lower costs by switching from petrol to Oyika-powered electric motorbikes.
- ShopeecoreShopee delivery riders in Indonesia transitioning to electric vehicles with Oyika battery swapping services.
- City Bus Authority (CBA) CambodiacorePartnership for bus terminal integration with Oyika's Go2 e-bikes for urban mobility.
- GesitscoreIndonesia's national e-motorbike brand launched a bike version with Oyika's swappable batteries.
- YadeacoreWorld's first best-selling e-motorbike brand integrated Oyika's battery swap system for Southeast Asia market entry; bikes homologated in Indonesia.
- TailingcoreWorld's third best-selling e-motorbike brand integrated Oyika's battery swap system for Southeast Asia market entry; bikes homologated in Indonesia.
- Asian Development BankcoreProvided support for Oyika's Green Bond Certification, enabling green finance eligibility for motorbikes powered by Oyika batteries.
Scale indicators9 records
Recent moves7 records
Expansion highlights7 records
Oyika competitors and assessment
Company assessmentDirect peers
- Gogoro: Taiwan-headquartered pioneer of battery-swapping for electric two-wheelers, operating a network of GoStations across Asia. Closest comparable business model (BaaS subscription, swappable smart batteries, OEM partnerships with major e-scooter brands).
- Swap Energy Indonesia: Indonesia-based battery swap network for electric motorbikes, focusing on delivery riders and gig-economy fleets. Directly competes with Oyika's core Jakarta-based swap station business.
Regional players
- Volta (Thailand): Thailand-based EV two-wheeler and battery swap operator with subscription models. Operates in Oyika's newest market and competes for the same Thai delivery-rider demand pool.
Emerging players
- Sun Mobility: India-based Battery-as-a-Service platform for two- and three-wheelers using interoperable swappable batteries. Comparable BaaS subscription model and OEM partnership approach, though serving Indian rather than SEA markets.
- Bounce Infinity: India-based e-scooter and battery swap operator with subscription plans and OEM battery-swapping infrastructure. Similar hardware-software play targeting gig-economy riders in dense Asian cities.
- Tuk Tuk Electric / eCooly: Smaller Southeast Asia-focused battery swap and e-mobility startups exploring similar gig-rider BaaS models. Niche but adjacent competitors for the same delivery-rider and urban micro-mobility segments.
Broad incumbents
- Yadea: World's largest e-motorbike manufacturer and Oyika OEM partner. Comparable product category and a potential competitor if Yadea vertically integrates its own swap network in Southeast Asia.
- Honda (Motorcycle Operations): Dominant incumbent in Southeast Asian motorcycles with announced electric two-wheeler and battery-swap strategy. Largest competitive threat by balance sheet, dealer network and brand recognition in Oyika's core markets.
Others
- Banpu NEXT: Smart-energy subsidiary of Thailand's Banpu Group and Oyika's lead Series B investor. Strategic investor with overlapping clean-mobility interests, energy infrastructure assets and potential to become either a deeper partner or competitor in Thailand.
- Yinson GreenTech: Malaysian energy company's e-mobility arm operating the rydeEV leasing and battery-swap Experience Centre, partnered with Oyika. Closely intertwined commercial partner that controls Malaysia go-to-market and customer relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Oyika social profiles
Digital presenceOyika compliance and trust
Trust signalCompliance1 record
Oyika financial estimates
Financial estimateRevenue estimate
Valuation estimate
Oyika leadership team
Management profileNumber of profiles
Profiles5 records
Oyika subsidiaries and ownership
Company hierarchySubsidiaries1 record
Oyika funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Oyika 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 Oyika
What does Oyika do?
Oyika provides a battery-as-a-service (BaaS) subscription platform for electric motorbikes in Southeast Asia, deploying proprietary smart batteries, automated swap stations, and charging points accessed through a mobile app for swaps, payments, and lifecycle tracking. Customers subscribe to swap access instead of owning batteries, removing upfront battery cost and range anxiety while Oyika operates the underlying energy network.
Is Oyika a public or private company?
Oyika is a private company. It is classified as venture growth investor backed and is currently operating.
When was Oyika founded?
Oyika was founded in 2018. It employs 51 to 100 people.
Where is Oyika based?
Oyika is headquartered in Singapore, Singapore, in the Asia region.
How does Oyika make money?
Four revenue lines are on record. Battery-as-a-Service Subscriptions are the primary driver. The others are pay-per-swap transactions, hardware Sales and E-bike Leasing.
Who are Oyika's main competitors?
Direct peers on record are Gogoro and Swap Energy Indonesia. Volta (Thailand) is listed as a regional player. Emerging players are Sun Mobility, Bounce Infinity and Tuk Tuk Electric / eCooly. Broad incumbents are Yadea and Honda (Motorcycle Operations). Others are Banpu NEXT and Yinson GreenTech.
Does Oyika have an API?
No public API is recorded for Oyika.
What industry is Oyika in?
Oyika's product category is Electric Vehicle Battery Swapping Infrastructure. Its primary akta.pro industry code is TLABAHAI, Micro-Mobility & Two-/Three-Wheeler Fleet Leasing/Subscription (E-bikes, E-scooters, E-motorcycles), with a secondary code of THADAGAE, E-Bike Rentals. Its NAICS code is 5321 and its SIC code is 7510.