Aionex Doubles Down on Thailand: Strategic Investment Powers ASBP, an Open Platform to Scale up the Two-wheeler EV Transformation

Aionex, Thailand’s premier electric two-wheeler venture, today announced new board composition alongside increased investment from KYMCO that reinforces its commitment to Thailand. This leadership transition marks a strategic step forward for Aionex, leveraging an optimized capital structure and world-class technical expertise to accelerate Thailand’s green energy transition.

Strategic equity optimization, a commitment to professional excellence

Addressing the equity restructuring completed last December, in which KYMCO Capital increased its stake to 55 percent while Arun Plus maintained a strategic 25 percent, the new Chairman of Aionex, Allen Ko, said: “This adjustment represents a strategic optimization in Aionex’s capitalization. Arun Plus remains KYMCO’s key partner, providing robust infrastructure and resources. The increased investment from KYMCO Capital demonstrates KYMCO’s continued commitment to the Thai market. Aionex will combine technology transfer with KYMCO Capital’s innovative capital models to build a world leading electric two-wheeler ecosystem for Thailand.”

The ASBP Platform, empowering brands through asset-backed solutions

Gary Ting, the CEO of Aionex, emphasized that Aionex’s core competitive advantage lies in its Aionex Smart Battery Platform (ASBP), a platform that empowers partner brands through asset-backed solutions.

• Lowering barriers: By applying financial innovation and asset management, ASBP enables partner brands to deploy electric motorcycles faster, without the heavy upfront burden of battery and station ownership.

• Multi brand support: Aionex is committed to operating as an open energy platform, enabling any EV brand to integrate into its network and fostering a shared resource economy.

Aligned with the Thai government’s Net Zero Emission by 2050 ambition

To promote the electrification of personal transportations, Aionex has outlined a clear roadmap:

1. Environmental Sustainability, Healthier Cities: By expanding access to high performance electric two wheelers and battery swapping systems, Aionex aims to reduce urban emissions and noise pollution, supporting a healthier and greener living environment.

2. Channel Integration, Strategic Partnerships: By collaborating with local partners with extensive networks, such as gas stations, convenience stores, and commercial districts, Aionex will develop a pioneering lifestyle battery swapping & charging service model.

3. Investment Diversification, economic opportunities: By attracting international capital and component suppliers to Thailand, Aionex aims to create high value jobs, drive technology upgrades, and unlock new regional economic opportunities.

“Our goal is to transform Thailand into the R&D and manufacturing hub for Southeast Asia’s electric motorcycle industry,” said Allen. “We would like to express our special gratitude to the Taipei Economic and Cultural Office in Thailand for their invaluable support, and in particular to Representative Peter Lan for his instrumental assistance in building the Aionex ecosystem. A key example of this support was the establishment of the 'Taiwan-Thailand Technology Talent Service Platform' by the Representative Office late last year, which has significantly deepened economic and trade cooperation between the two nations. It is through these efforts that Aionex Combining KYMCO’s know-how and technology, KYMCO Capital’s capital model and innovation, and Arun Plus’s resource and infrastructure, Aionex will serve as a key engine for Thailand’s economic transformation,” said Gary.