RenewGo Launches Vietnam's First Smart Electric Motobike Service Center with Antler's Backing
Portfolio | May 26, 2025 | Antler Innovation Pte Ltd
Amidst Vietnam's expanding electric motorbike market, which is second in size globally only to China, RenewGo has officially launched the nation's first Smart Electric Motobike Service Center in Ho Chi Minh City. Backed by Antler Innovation Pte Ltd., this initiative addresses significant market gaps in aftermarket services such as maintenance, battery diagnostics, and warranty extensions. With the country's electric two-wheeler population reaching over 3 million units as of 2024, the center aims to address battery protection, value retention, and financial accessibility issues often faced by EV owners. Anirban Roy, leveraging his experience from positions at OCB, VPBank, and Citibank Singapore, leads RenewGo to focus on innovative solutions like AI-powered battery diagnostics and flexible warranty plans. Partnering with OEMs, the startup seeks to develop a holistic aftermarket ecosystem. Their service solutions include maintenance partnerships with EV 2 wheeler manufacturers, AI-driven battery health assessments, and online extended warranty purchases. By addressing these gaps, RenewGo aims to support Vietnam’s green mobility aspirations and promote EV adoption across Southeast Asia.
Sectors
- Electric Vehicles (EV)
- Aftermarket Services
- Technology
Geography
- Vietnam – The country where the first Smart Electric Motobike Service Center is launched, a significant market for electric two-wheelers in Southeast Asia.
- Southeast Asia – Region where the aftermarket ecosystem for EVs is being developed, with a focus on expanding EV adoption.
Industry
- Electric Vehicles (EV) – Focus on electric motorbikes, their maintenance, battery protection, and warranty services within the EV aftermarket.
- Aftermarket Services – Concerns professional services such as maintenance and warranty extension for electric motorbikes, addressing existing gaps in the market.
- Technology – Use of AI and IoT technologies for battery diagnostics and service enhancements in the EV sector.
Financials
- – No specific financial figures such as investment amount or revenue were provided in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RenewGo | Target company | Company | A pioneering tech startup transforming the electric motorbike aftermarket in Southeast Asia. |
| Antler Innovation Pte Ltd. | Private Equity Firm | Company | The backing firm supporting RenewGo in the launch of its first Smart Service Center. |
| Anirban Roy | Founder and Leader of RenewGo | Person | Founded RenewGo, capitalizing on his extensive experience in transformative digital platforms. |
| EV 2 Wheeler Manufacturers | Partners | Company | Companies partnering with RenewGo to provide certified maintenance and repair services. |