KipleX rides into smart electric bike industry

KipleX chief executive officer Andrew Tan(pic) said the market opportunity for the motorbike industry in South-East Asia was expected to hit US$8.53bil (RM35.4bil) by 2023.

PETALING JAYA: KipleX, the new venture studio of Green Packet Bhd, has embarked on its maiden investment in Singapore-based smart electric motorbike company ION Mobility.

In a statement yesterday, Green Packet said the venture is aimed at developing smart electric motorbikes for the South-East Asian market.