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Latest Ninja Van News
Nov 28, 2022
In this article Back when Olivier van Hardenbroek and Thomas Streitberg were pursuing their executive MBA at INSEAD in Singapore, they cooked up the idea for MO Batteries , which is a company that offers electric motorbike fleet charging solutions across Southeast Asia (SEA). Olivier is a banker by background, with extensive experience in operations management and business development, while Tom started his career as a lawyer. He later delved into the banking industry too as an investment banker, before switching to be an entrepreneur and angel investor. They later spoke to Paul Booij and Greg Willis about the business idea, who eventually also came onboard as fellow co-founders of MO Batteries. Unlike Olivier and Tom, both of them have had some form of experience in the electric vehicle (EV) sector. Greg had spent the bulk of his career in the motorbike industry — he was most recently the managing director of Harley Davidson in Japan, and was responsible for the launch of Harley Davidson’s Livewire electric motorbike in SEA. Meanwhile, Paul is a scientist and inventor who specialises in complex optimisation challenges. Amongst his most recent projects, he worked with the Singapore government on the electrification of the public bus network and holds three patents. Addressing climate change with EVs “MO was founded on a desire to find quick, practical ways [to] reduce carbon emissions [and] address climate change. Shifting from petrol vehicles to EVs ticks these boxes,” said Thomas. “So we started to look at the EV landscape and very quickly came to realise that most EV solutions were based around private cars with secure access, and to a reliable electricity supply. Essentially, this is the Tesla model and it’s designed for the USA — but this is not how transport works in most of SEA.” Motocycles are a vehicle of choice in Vietnam / Image Credit: Shutterstock Around 80 per cent of households in SEA rely on a motorbike as part of their transport needs. This adds up to around 230 million motorbikes plying the roads in the region, cited Thomas. In spite of this staggering number, they found that no one was really thinking about how all these motorbikes could go electric. This prompted them to find ways to quickly, simply, and cost-effectively transition petrol-driven motorbikes to electric motorbikes across SEA. Instead of manufacturing EVs or batteries, MO Batteries work with corporate customers to identify the best electric motorbike on the market for their fleet needs. With its proprietary software, they then design, build, and manage the fleet’s charging operations in a fully optimised way. By fully optimised, we mean a design using the minimum number of motorbikes, the least amount of charging infrastructure, and the smallest amount of electricity to meet the fleet’s demands. By reducing all of the elements in the fleet, we reduce the overall cost of acquiring and running the fleet. So the client receives a zero-emissions EV motorbike fleet at a similar or lower price than their existing petrol fleet. By providing a single, comprehensive, cost-effective solution to the challenge of transitioning to EVs, we make it easy for corporate fleet operators to go green. – Thomas Streitberg, co-founder of MO Batteries Battery swapping for electric motorcycles However, the biggest gripes that people have when it comes to adopting EVs are costs and range anxiety. “People are put off by the higher upfront costs of EVs and are concerned about the risk of getting caught out with a flat battery,” said Thomas, adding that MO is specifically designed to address both of these issues. Its fully-optimised fleet solution helps to reduce the cost of operating an EV fleet so that it is on par or lesser than a petrol-driven fleet. Additionally, its software manages the fleet to ensure that there is always a charged battery available when needed. This is where its battery swapping service also comes into play to help address range anxiety. Charged batteries are delivered to fleet operators’ hubs 24/7 guaranteeing no downtime from charging / Image Credit: MO Batteries MO charges batteries at a centralised charging facility and then delivers them to the client, where they are stored in a swap station. The client’s drivers then swap the charged batteries for their discharged batteries whenever they need them. MO collects the discharged batteries and brings them back to the charging facility, and the cycle begins again. – Thomas Streitberg, co-founder of MO Batteries Their fee structure is also simple. They charge a fixed fee per month per electric motorbike, which lets customers get access to the electric motorbike, batteries, and their management software. “This is attractive because it means the client doesn’t have to pay to purchase an electric motorbike or battery, or pay to install and operate any charging equipment on their premises,” said Thomas. Furthermore, the key value of battery swapping is there is no downtime or charging. By swapping your discharged battery with a fully-charged one, you don’t have to wait around while the battery charges. Some of their local clients include Singpost, DHL, Ninja Van and Prosegur. In October, MO Batteries also signed an agreement to expand with Grab, in which they will conduct a four month-trial of electric motorbikes using MO’s system in Singapore. Particularly, Grab’s delivery-partners will deliver food using electric motorbikes and battery swapping supplied by MO. The trial with Grab is expected to commence in the first quarter of 2023. MO Batteries was awarded the sandbox pilot from LTA MO Batteries were on the cusp of launching when COVID-19 hit, but their plans came to a standstill for two years due to the pandemic. “In some ways, this was a blessing in disguise as it gave us the opportunity to really develop our tech stack so that our offering on the ground now is much stronger,” said Thomas.
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Ninja Van Frequently Asked Questions (FAQ)
When was Ninja Van founded?
Ninja Van was founded in 2014.
What is Ninja Van's latest funding round?
Ninja Van's latest funding round is Series E.
How much did Ninja Van raise?
Ninja Van raised a total of $976.5M.
Who are the investors of Ninja Van?
Investors of Ninja Van include Dynamic Parcel Distribution, Monk's Hill Ventures, B Capital Group, Zamrud Sovereign Wealth Fund, Alibaba Group and 12 more.
Who are Ninja Van's competitors?
Competitors of Ninja Van include Moova, Deliveree, Trunkrs, Delhivery, Grab, Glovo, Didi Chuxing, J&T Express, Roadie, Loship and 17 more.
Compare Ninja Van to Competitors
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Shadowfax offers an on-demand delivery service that takes care of the delivery requirements of local businesses. Due to its hyper-local delivery network and logistics technology, merchants can deliver to their customers in a cost-effective and hassle-free way. It was founded in 2015 and is based in Bengaluru, India.
GOGOX is an app-based platform for moving and delivering goods in Asia. The company connects individuals and businesses directly to thousands of drivers and couriers for their delivery needs.On August 28th, 2018, GOGOX was merged with Kuaigou Dache.
Loship is a one-hour-delivery e-commerce platform. Loship offers a range of services including food delivery (Loship), grocery delivery (Lomart), ride-hailing (Lo-xe), medicine delivery (Lomed), laundry service (Lozat), package delivery (Lo-send), flower delivery (Lo-hoa) and B2B supply delivery (Lo-supply). The company also offers Loship Radio, a feature that allows users to listen to podcast and audio-based content right on the Loship app, providing additional sources of entertainment and news for customers while waiting for food delivery.
Trunkrs provides same-day and next-day delivery services for online stores. Customers can track and trace their orders online and set notifications. They can also select various delivery options, such as delivery to the door or to a neighbor. The company was founded in 2015 and is based in Nieuwegein, Netherlands.
Moova provides urban logistics solutions through its platform that allows flexible and collaborative use of idle logistics capacity, to meet the high expectations of customers. The firm's products include real-time tracking, e-commerce integration, and qualified fleets. It serves technology companies, consumer product companies, and clothing companies. The company is based in Buenos Aires, Argentina.
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