{"id":4395,"date":"2023-08-24T12:01:00","date_gmt":"2023-08-24T04:01:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4395"},"modified":"2023-08-23T14:37:46","modified_gmt":"2023-08-23T06:37:46","slug":"daily-markup-815-ion-mobilitys-m1-s-set-to-be-electric-motorcycle-with-highest-local-content-in-indonesia-open-for-test-rides-and-pre-orders","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4395","title":{"rendered":"Daily Markup #815: ION Mobility\u2019s M1-S set to be electric motorcycle with highest local content in Indonesia; open for test rides and pre-orders"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"690\" height=\"388\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/ION_Mobility_soonicorn_feature.jpg\" alt=\"\" class=\"wp-image-4396\" srcset=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/ION_Mobility_soonicorn_feature.jpg 690w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/ION_Mobility_soonicorn_feature-300x169.jpg 300w\" sizes=\"(max-width: 690px) 100vw, 690px\" \/><figcaption class=\"wp-element-caption\">Photo credit: <a href=\"https:\/\/e27.co\/there-is-talent-shortage-in-the-e-motorcycle-space-in-sea-ion-mobility-ceo-20230719\/\">e27<\/a><\/figcaption><\/figure>\n\n\n\n<p><strong>Light cycles<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Earlier in the year, 500-backed electric motorcycle company <a href=\"https:\/\/ionmobility.com\/\">ION Mobility<\/a> shared its goal to replace the 200-million motorcycles in Southeast Asia with electric vehicles, and they\u2019re well on their way!<\/li>\n\n\n\n<li>The team shared with <a href=\"https:\/\/bit.ly\/3YGF8ka\">e27<\/a>, that it is completing the tooling and production preparation to set up a factory and experience centers across Indonesia. \u201cThe Jakarta plant has the capacity to produce up to 50,000 M1-S per year in the first phase. It will contain a full battery pack line alongside the M1-S assembly line, ensuring that the M1-S will be the highest local content EV motorcycle in Indonesia by end-2023,\u201d shared ION Mobility Co-Founder and CEO James Chan.<\/li>\n\n\n\n<li>ION Mobility soft-launched its first model, M1-S, in Jakarta last November and has been receiving pre-orders. The bike offers a \u201ccompletely digital experience\u201d with reverse gear, high-quality digital display, and an integrated bike-rider-ride-app experience. The model is also faster, and priced lower than the 155cc and 250cc petrol equivalents, with similar cost of ownership over two to three years.<\/li>\n\n\n\n<li>ION Mobility recently secured US$18.7M in Series A financing, led by India\u2019s two-wheeler major TVS Motors. \u201c(TVS) 40-plus years of experience \u2014 first by learning from partnering with Suzuki and later on their split-up and with its India-specific realities and innovation driving its capabilities and processes in motorcycle design, engineering and manufacturing \u2014 has allowed us to reduce 11kg weight from M1-S quickly,\u201d he shared.<\/li>\n\n\n\n<li>They also aligned some common parts, through TVS\u2019s Indonesian supply chain networks, helping them improve range and performance, while reducing cost.<\/li>\n\n\n\n<li>Instead of outsourcing design and development to China or other European players, James is committed to a full-stack end-to-end approach. \u201cThis is the only way to manage cost well, even at a low scale, while maximizing outcomes and ensuring maximum margins.\u201d<\/li>\n\n\n\n<li>\u201cWe need to raise more, especially next year, after starting the delivery of our units and supporting their use on the roads of Indonesia. We also have early plans for a proper Series B round in 2024 while keeping an eye on the unstable macroeconomic climate,\u201d he shared.<\/li>\n\n\n\n<li>Read the full feature <a href=\"https:\/\/bit.ly\/3YGF8ka\">here<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Light cycles<\/p>\n","protected":false},"author":5,"featured_media":4396,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[418],"class_list":["post-4395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-ion-mobility"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #815: ION Mobility\u2019s M1-S set to be electric motorcycle with highest local content in Indonesia; open for test rides and pre-orders - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=4395\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #815: ION Mobility\u2019s M1-S set to be electric motorcycle with highest local content in Indonesia; open for test rides and pre-orders - Markup\" \/>\n<meta property=\"og:description\" content=\"Light cycles\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=4395\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-24T04:01:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-23T06:37:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/ION_Mobility_soonicorn_feature.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"690\" \/>\n\t<meta property=\"og:image:height\" content=\"388\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=4395#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/ION_Mobility_soonicorn_feature.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/ION_Mobility_soonicorn_feature.jpg\",\"width\":690,\"height\":388},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=4395#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=4395\",\"name\":\"Daily Markup #815: ION Mobility\u2019s M1-S set to be electric motorcycle with highest local content in Indonesia; 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