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Singapore EV battery startup Oyika secures $8.75m in funding

Thai smart energy company Banpu Next invests amount as part of Series B round

Singapore's Oyika has ambitions to become Southeast Asia's leading EV service provider. (Source photo by Reuters with logos from Oyika and Banpu Next websites)

BANGKOK -- Singapore-based smart-battery-swapping startup Oyika has secured fresh funding from BPIN Investment, a unit of Thailand's smart-energy company Banpu Next, according to regulatory filings.

Banpu Next, a subsidiary of Bangkok-listed energy giant Banpu, is investing $8.75 million in Oyika as part of its Series B round, according to Oyika's filings with Singapore's Accounting and Corporate Regulatory Authority (ACRA).

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