Omoway said it had closed consecutive Pre-A and Pre-A+ funding rounds worth “tens of millions” of US dollars as the company moved to scale what it called the world’s first mass-produced, self-balancing smart electric motorcycle.
The Singapore-announced raise was led by HongShan and Rocket Capital, with continued participation from existing backers including ZhenFund and Hui Capital, alongside founder Todd He, said Omoway.
Omoway said the money would fund mass production and deliveries of its flagship Omo X, ongoing development of its in-house intelligent tech stack, and expansion beyond its initial markets.
On the product side, the Chinese electric motorcycle maker pitched a self-balancing system designed to work in the background at low speeds, so riders could stay upright in stop-start traffic without putting a foot down.
Omoway said it believed this could lower the learning curve and cut fatigue, with added stability functions such as hill-hold control.
Commercially, Omoway said the Omo X would launch first in Indonesia, backed by partnerships with more than 10 local distributors.
“Established local dealers know exactly what the market needs,” said Omoway Indonesia general manager Yulong Chen.
Omoway is a startup founded by former Xpeng Motors executives. It is registered in Singapore and has a Guangzhou base handling R&D alongside a Jakarta base for production and sales.
