With the fresh capital, Okxe will pursue three core strategies. First, it will accelerate its gas-to-electric trade-in program, enabling users to easily sell their old gasoline motorcycles and acquire new electric ones through a fast, transparent process. Second, it plans to expand partnerships with electric motorcycle brands such as VinFast and Yadea to diversify product offerings. Finally, the company will invest in technology, enhancing the Okxe app with smarter valuation tools and AI-powered personalization to optimize the buy–sell–trade-in experience.
“This investment provides financial resources and validates our vision of building a sustainable motorcycle ecosystem, contributing to the green mobility transition in Vietnam,” an Okxe representative noted.
Founded in October 2018, Okxe began as an online marketplace connecting motorcycle buyers and sellers. Over seven years, it has evolved into a comprehensive ecosystem, including the Okxe app—a platform for price discovery, purchasing, and trade-in transactions; inspection and valuation services that ensure transparency and safety; and the OMO (Online Merge Offline) model, which combines digital convenience with offline services for both gasoline and electric motorcycles.
In September 2025, Okxe was crowned Champion of Startup World Cup Vietnam and will compete at the global finals in Silicon Valley, a key springboard as the company prepares to expand across Southeast Asia.
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Okxe at the Vietnam Web Summit 2025 event. Photo courtesy of Okxe |
The company aims to become Vietnam’s leading platform for electric motorcycles, focusing on expanding the gas-to-electric trade-in service to reduce costs for users and contribute to lower emissions, enhancing the app experience through AI and Big Data to personalize the buying and trading journey, and promoting sustainable values within the community, inspiring a lifestyle aligned with green mobility.
“We remain true to our core DNA, leveraging technology to meet Vietnamese motorcyclists’ needs while fully embracing the electric mobility era, in line with the national green transition strategy,” the company’s representative emphasized.
According to Okxe, successfully raising total capital is not only a breakthrough for the company but also a testament to the growing appeal of Vietnamese startups to international investors, particularly in mobility and green technology. “It sets the stage for us and other Vietnamese startups to expand further and assert their position on the Southeast Asian tech map,” the representative added.
