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Saturday, 17 October 2026

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Southeast Asia’s EV Startups Raise US$622 Million as Singapore Leads Funding

By Bernard Lee3 min read

Singapore, 24 August 2026 – Southeast Asia’s leading electric-vehicle startups have attracted a combined US$622 million in disclosed equity funding since 2016, with Singapore emerging as the region’s dominant base for both companies and venture capital.

The figure covers 16 startups founded from 2016 onwards across Singapore, Indonesia, Vietnam and Thailand. The companies have each raised at least US$5 million and operate across electric motorcycles, commercial and marine vehicles, battery services, charging infrastructure and mobility platforms.

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Author

  • Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.