Daily Markup #704: ION Mobility’s James Chan is making urban cities more livable starting with electric two-wheelers, and more from this week

Credit: Rest of World

AmbitION in MotION

  • “I have three young children, and I wanted to not just inspire them with what I do, but also ensure that I can leave behind a better world for them,” said Founder & CEO James Chan of 500-backed e-motorbike company ION Mobility.
  • That drove James to not only launch ION, but to do it in the depths of the pandemic, with teams in Shenzhen and Jakarta established without business travel.
  • The self-confessed geek aims to build well-designed, performant, and value-for-money two-wheelers that reduce air pollution in urban cities.
  • James shared his team’s approach. “For starters, we’re not buying or white-labeling from China’s electric moped ecosystem to earn a profit on a quick flip to Indonesia. We undertake our own design, engineering, and manufacturing functions out of Singapore while having minimal dependency on value-added engineering from consultants,” he said.
  • What would James be doing if not helming ION? It always comes down to making a real-world impact for him. “In a parallel multiverse of madness, I might be in the education sector, or applying my energy towards venture-building in Singapore’s state-owned enterprises that are responsible for so much of the city-state’s economy, but derive so much of their revenues through rent-seeking. Or I might just pop back into school with my wife and date her again in a college setting, but as MBAs or PhDs,” he shared.
  • Read the full article on Rest of World.

Other stories you may have missed:

  • Aerodyne seals 21st global M&A deal with top drone service provider in Italy to further expand their reach worldwide
  • Monnai secures US$6.5M to generate accurate and relevant customer insights for finance companies globally
  • WORQ locks in 80% occupancy ahead of new co-working space launch, maintaining profitability even amidst current funding climate
  • Merkle Science teams up with victim support platform to empower crypto businesses with tools to combat cybercrime
  • Government agency Japan International Cooperation Agency (JICA) partnered with Indonesian investment platform ANGIN on NINJA accelerator program 2022
  • Neuron Mobility was selected by the City of Brampton to launch the Greater Toronto Area’s first shared e-scooter program in Brampton
  • Gilmour Space and Atomos Space entered a Memorandum of Understanding for in-space transportation and launch aggregation services
  • Prenetics announced the formation of a scientific advisory board to support their new business strategy in precision oncology
  • Watch a feature by Channel News Asia on Boxgreen’s participation in a new program in Singapore that allows firms to conduct workplace learning


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