Boustead, Evotion Labs to launch EV battery swap stations in Singapore

Users can quickly exchange depleted motorcycle EV batteries for fully charged ones.

Boustead unit, Boustead Funds Management (BFM), has signed a memorandum of understanding (MOU) with Evotion Labs to explore the deployment of Evotion Labs' motorcycle EV battery charge and swap stations at properties managed by BFM in Singapore.

The partnership aims to enable users in Singapore to quickly exchange depleted motorcycle EV batteries for fully charged ones in less than a minute through multiple stations.

Evotion Labs’ first two stations are located at Mah Pte Ltd’s headquarters and Razer SEA HQ.

On 31 May, Evotion Labs launched Singapore’s first TR25-approved battery charge and swap service in collaboration with Nasdaq-listed NIU.

By the end of 2024, Evotion Labs will introduce 22 battery swap stations, with plans to expand to 400 stations over the next two years.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia