About Scorpio Electric
Scorpio Electric is a company based in Singapore (Singapore) founded in 2017.. Scorpio Electric has raised $14.55 million across 3 funding rounds. Scorpio Electric offers products and services including Electric Motorcycles, eScooters, Electric Bikes, and Merchandise. Scorpio Electric operates in a competitive market with competitors including ION Mobility, Arc Boards, Rev Ecodrive and NovaScooter, among others.
- Headquarter Singapore, Singapore
- Stage Minicorn
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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
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- Legal Name Eurosports Technologies Pte. Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.55 M (USD)
in 3 rounds
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Latest Funding Round
$6.75 M (USD), Series B
Jan 12, 2023
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Investors
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Employee Count
Employee Count
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Products & Services of Scorpio Electric
Scorpio Electric offers a comprehensive portfolio of products and services, including Electric Motorcycles, eScooters, Electric Bikes, and Merchandise. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance electric motorcycles for urban and adventure riding
Electric scooters designed for daily commuting and efficiency
Electric bikes offering extended range for recreational use
Branded clothing and accessories for community engagement
Funding Insights of Scorpio Electric
Scorpio Electric has successfully raised a total of $14.55M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $6.75 million completed in January 2023. 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 3
- Last Round Series B — $6.8M
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First Round
First Round
(01 Jun 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series B - Scorpio Electric | Valuation |
investors |
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| Nov, 2020 | Amount | Series A - Scorpio Electric | Valuation |
investors |
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| Jun, 2018 | Amount | Seed - Scorpio Electric | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Scorpio Electric
| 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 - Scorpio Electric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Scorpio Electric Comparisons
Competitors of Scorpio Electric
Scorpio Electric 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 ION Mobility, Arc Boards, Rev Ecodrive 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 motorcycles with advanced features are designed and developed.
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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 |
Rev Ecodrive deals in electric vehicle sales, rentals, and custom configurations in Singapore.
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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 Scorpio Electric
Frequently Asked Questions about Scorpio Electric
When was Scorpio Electric founded?
Scorpio Electric was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Scorpio Electric located?
Scorpio Electric is headquartered in Singapore, Singapore.
Is Scorpio Electric a funded company?
Scorpio Electric is a funded company, having raised a total of $14.55M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 01, 2018.
What does Scorpio Electric do?
Scorpio Electric was founded in 2017 and is based in Singapore. Electric two-wheelers are developed with integrated features such as power balancing, single swing arm, and optimum maintenance systems. An AI-enabled mobile application is provided, which includes battery usage analytics, remote anti-theft capabilities, and charging station locations. Operations focus on the electric vehicle sector for two-wheelers.
Who are the top competitors of Scorpio Electric?
Scorpio Electric's top competitors include ION Mobility, Arc Boards and Rev Ecodrive.
What products or services does Scorpio Electric offer?
Scorpio Electric offers Electric Motorcycles, eScooters, Electric Bikes, and Merchandise.
What is Scorpio Electric's valuation?
The valuation of Scorpio Electric is $150M as of Jan 2023.