About ION Mobility
ION Mobility is a company based in Singapore (Singapore) founded in 2019 was acquired by TVS Motor Company in January 2025.. ION Mobility has raised $31.3 million across 4 funding rounds from investors including TVS Motor Company, TNB Aura and Quest Ventures. ION Mobility operates in a competitive market with competitors including Scorpio Electric, Rev Ecodrive, Arc Boards and NovaScooter, among others.
- Headquarter Singapore, Singapore
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ion Mobility Pte. Ltd.
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Annual Revenue
$2.29 K (USD)0as on Dec 31, 2021
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Net Profit
$-2.16 M (USD)3as on Dec 31, 2022
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EBITDA
$-2.1 M (USD)-1as on Dec 31, 2022
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Total Equity Funding
$31.3 M (USD)
in 4 rounds
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Latest Funding Round
$2.5 M (USD), Series A
Mar 14, 2024
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Investors
TVS Motor Company
& 11 more
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Employee Count
Employee Count
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Acquired by
TVS Motor Company
(Jan 16, 2025)
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Funding Insights of ION Mobility
ION Mobility has successfully raised a total of $31.3M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2.5 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $2.5M
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First Round
First Round
(01 Jun 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - ION Mobility | Valuation | TVS Motor Company |
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| Feb, 2023 | Amount | Series A - ION Mobility | Valuation | TVS Motor Company | |
| Oct, 2021 | Amount | Seed - ION Mobility | Valuation | Quest Ventures , TNB Aura |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ION Mobility
ION Mobility has secured backing from 12 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include TVS Motor Company, TNB Aura and Quest Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are provided to early-stage tech startups.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Quest Ventures venture capital firm.
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Founded Year | Domain | Location | |
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VC firm investing in post-seed companies in Southeast Asia
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ION Mobility
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ION Mobility
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ion Mobility Comparisons
Competitors of ION Mobility
ION Mobility operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scorpio Electric, Rev Ecodrive, Arc Boards and NovaScooter, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric two-wheelers are manufactured by Scorpio Electric.
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| domain | founded_year | HQ Location |
Rev Ecodrive deals in electric vehicle sales, rentals, and custom configurations in Singapore.
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| domain | founded_year | HQ Location |
Manufactures and sells electric skateboards for recreational use.
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| domain | founded_year | HQ Location |
Creates innovative electric kick scooters.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ion Mobility
Frequently Asked Questions about ION Mobility
When was ION Mobility founded?
ION Mobility was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is ION Mobility located?
ION Mobility is headquartered in Singapore, Singapore.
Is ION Mobility a funded company?
ION Mobility is a funded company, having raised a total of $31.3M across 4 funding rounds to date. The company's 1st funding round was a Seed of $6.8M, raised on Jun 01, 2020.
What is the annual revenue of ION Mobility?
Annual revenue of ION Mobility is $2.29K as on Dec 31, 2021.
What does ION Mobility do?
ION Mobility was founded in 2019 in Singapore, where electric motorcycles are designed and developed. Features such as TFT displays, integrated battery packs, and keyless start systems are included in the motorbikes. Operations focus on the electric mobility sector, emphasizing innovative design for urban transportation. The company maintains its base in Singapore, serving the regional market for sustainable vehicles.
Who are the top competitors of ION Mobility?
ION Mobility's top competitors include Scorpio Electric, Rev Ecodrive and Arc Boards.
Who are ION Mobility's investors?
ION Mobility has 12 investors. Key investors include TVS Motor Company, TNB Aura, Quest Ventures, Monk's Hill Ventures, and Village Global.