Singapore’s OMOWAY raises eight-figure USD funding led by HongShan and Rocket Capital

OMOWAY, a Singapore-based two-wheeled smart mobility firm, has successfully closed consecutive Pre-A and Pre-A+ funding rounds, raising tens of millions of US dollars. The investment was led by HongShan and Rocket Capital, with continued co-investment from existing backers including ZhenFund, Hui Capital, and founder Todd He, OMOWAY said in a statement on Wednesday. The funding will support the mass production and delivery of OMOWAY’s flagship product, the OMO X, continued development of its core intelligent technologies, and global market expansion. One of OMOWAY’s key innovations lies in bringing self-balancing technology from prototype to mass production. By deeply integrating software control, artificial intelligence (AI) algorithms, and electronic architecture, the OMO X enables smooth, almost imperceptible balance assistance at low speeds. Riders can remain stable during stop-and-go traffic without putting their feet down, significantly lowering the learning curve and reducing fatigue. With its flagship OMO X completing pre-production validation and entering the final stages of strategic preparation for commercial launch, OMOWAY is set to become the world’s first company to mass-produce and deliver a self-balancing smart electric motorcycle. OMOWAY positions the OMO X as a new category of intelligent two-wheelers. By combining its self-balancing system with AI-based perception, the vehicle can detect potential risks, issue safety alerts, intervene when necessary, and maintain stability in low-speed scenarios such as hill-hold control. The company refers to this evolution as the shift from a traditional motorcycle to a “MotoRobot.” The OMO X will launch first in Indonesia. OMOWAY has partnered with more than ten local distributors, establishing a foundation for entry into one of the world’s most demanding motorcycle markets. “Established local dealers know exactly what the market needs,” remarked Yulong Chen, General Manager of OMOWAY Indonesia. Designed for global use from day one, OMOWAY sees Southeast Asia as a key region for real-world rollout. Through continuous iteration in real-world use, the company aims to deliver safer, smarter, and more comfortable two-wheeled mobility worldwide. Grab partners with GAC to enhance electric vehicle ride-hailing experience in Southeast Asia