Electric motorbikes and a charging network for Thailand's delivery riders

The problem

Thailand runs on motorcycles. The country has more than 23 million petrol motorcycles and about 76,000 electric ones, according to the project’s Verra listing.

Delivery and ride-hailing riders feel the cost of that most. They spend the whole day on the road and pay for fuel at whatever price the pump shows. An electric bike is cheaper to run, but it costs more to buy, and riders need somewhere to charge between jobs.

What SLEEK EV does

SLEEK EV designs and assembles its own electric motorbikes. Riders rent them by the day through Grab’s driver programme, and SLEEK EV handles maintenance. Batteries carry a 150,000 km warranty.

The company also builds the charging network the bikes need. S-Charge stations are open 24 hours, need no staff, and take a battery from 30% to 80% in 42 minutes. SLEEK EV plans 150 sites by the end of 2026.

In February 2026 SLEEK EV closed the first US$8.5 million of its Series A, led by KYMCO Capital.

What changed

A rider on a SLEEK EV bike stops buying petrol. Running costs drop to about THB 0.10 a kilometre, and the tailpipe emissions and street-level fumes of a petrol bike leave Bangkok’s roads.

Every bike carries IoT telematics that log distance and energy use. That data makes the emission reductions measurable: credits are counted for each kilometre a SLEEK EV bike drives in place of a petrol one. The Verra project (VCS 5995) estimates 39,728 tCO2e of reductions a year over a seven-year crediting period that started in August 2024.