What’s special about the electric bicycle project that Shark Phu committed to invest in?

Shark Phu invested 1.5 billion VND in the Wiibike electric bicycle project and committed to payback this year to increase its investment 10 times.

Wiibike electric bicycles can quickly turn an ordinary bicycle into an electric bike by installing a kit made by the company itself. In the recent broadcast of “Silver billion deal”, the Wiibike electric bicycle project brought by CEO Nguyen Thi Thu Hang has received the investment of Shark Phu with 1.5 billion VND for 10% of the stock. part. And committed if the payback this year will increase the investment by 10 times. Wiibike is a science and technology startup in the green transport sector with the main product of complete electric bicycle, using lithium batteries. Notably, Wiibike’s chassis is made from a variety of materials, including one that uses bamboo, an environmentally friendly renewable material. In addition, Wiibike also offers a Wiibike kit to turn a regular bike into an electric power bike within 15 minutes. According to Mr. Lai Thai Phong – product development specialist of Wiibike, these are Make in Vietnam kits manufactured by the company. This kit comes with a sizing mechanism that can be mounted on any bike, including models with different wheel sizes. “The most important thing about the kit is how the battery is in it. To achieve high performance, the kit must use high capacity cells and good connectivity. This idea is researched and learned from technologies available in the world. ”, Mr. Phong shared. However, this enterprise is only in the consulting process to register for invention copyrights. The Wiibike electric power bicycle project received an investment of 1.5 billion VND for a 10% stake from Shark Phu According to Ms. Nguyen Thi Thu Hang – co-founder and operator of Wiibike, this start-up has a trial product since 2017. Currently, Wiibike is at 51% gross profit with revenue of 2.3 billion VND in 9 months, starting from July last year. “Although not yet implemented any traditional promotional campaigns, the project has attracted 300 customers to buy this car”, the project’s CEO shared. However, according to Shark Hung, this is not a new business model, it is difficult to approve that this is an invention that only stops at industrial designs or useful solutions. Vehicle design is not beautiful, does not show style, the numbers are not convincing. Therefore, the “real estate shark” has decided to ignore this deal. However, CEO Nguyen Thi Thu Hang maintains her stance when asserting that what she does will contribute to the value and make a great impact on the lifestyle and living environment of the Vietnamese people. Whether or not the capital is successfully raised, Thu Hang affirms that she will continue to fulfill this dream. “Wiibike’s orientation is not only at the product, but also to offer green transport solutions to really contribute to the transport system in Vietnam”, said founder of Wiibike. Finally, this start-up successfully raised capital from Shark Phu with an investment of 1.5 billion VND for a 10% stake.