$4 million from Thien Viet Securities went into Dat Bike on March 5, backing the Vietnamese electric motorbike maker as a mature-stage, high-conviction investment.
TVS framed the deal as part of a broader shift in Vietnam's private capital market, where 2025 PE/VC deal value doubled to $370 million even as transaction count fell 30% to 36.
Dat Bike was among the standout larger rounds in that market, alongside Nhi Dong 315 at $135 million, TechCoop at $70 million and Coolmate at $20 million.
TVS said due diligence cycles now run 9-12 months and investors are prioritizing governance, IFRS-reconcilable financials and trusted local partners before committing capital.
The firm expects to partially or fully exit 1-3 investments over the next 12-18 months while expanding into healthcare, food and beverages, and electric vehicles.
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Thien Viet Securities’ $4 Million Investment Fuels Dat Bike’s Expansion Amid Vietnam’s E-Mobility Surge (2026)
Overview
On March 5, 2026, Thien Viet Securities (TVS) announced a $4 million investment in Dat Bike, a leading Vietnamese electric motorbike manufacturer. This move highlights TVS’s commitment to supporting innovative local businesses that drive sustainable development and address societal needs through technology. TVS follows a selective investment strategy, focusing on companies with strong operations, advanced technology, and high growth potential. With a proven track record of backing startups like MoMo and Finhay, TVS aims for long-term value creation, believing the private sector is key to economic growth. The Dat Bike investment exemplifies this forward-looking approach.