Amid Vietnam's rapidly expanding electric motorbike market—now the largest in ASEAN and second globally after China, with over 3 million electric two-wheelers in circulation as of 2024 —the country faces a significant gap in professional aftermarket services. While the number of registered E2Ws in Vietnam increased from 500,000 in 2016 to over 2.3 million units by 2023, corresponding with a compound annual growth rate (CAGR) of 24%, the supporting infrastructure for maintenance, battery diagnostics, and warranty services has not kept pace. This disparity leaves many EV owners without access to essential services that ensure vehicle longevity and performance.
Addressing this critical need, RenewGo—a pioneering tech startup backed by Antler—has officially opened its first Smart Service Center in Ho Chi Minh City. This initiative marks a significant step in solving three critical challenges: battery protection, value retention and financial accessibility for EV owners.
RenewGo's research reveals that 79% of Vietnamese electric motorbike owners cannot extend their battery warranty–the most crucial component accounting for 40% of a bike's value. This leaves users vulnerable to risks like value depreciation, limited financing options, and hesitation when switching from gasoline bikes.
Founded by former CTO at OCB and VPBank, and Senior Director at Citibank Singapore, Anirban Roy orchestrated transformative digital platforms that served millions of customers—expertise he now channels into solving Vietnam’s EV aftermarket challenges.
"An EV battery is like the heart of the vehicle - it needs constant monitoring and protection. Our center operates like a specialized clinic for electric bikes, using cutting-edge technology to accurately diagnose battery and system conditions. Our differentiator lies in offering flexible extended warranty solutions and transparent quality certifications that can increase resale value by up to 20%."
- said Anirban Roy.
Backed by Antler, RenewGo is developing its service center network in partnership with OEMs to build a complete aftermarket ecosystem, focusing on battery data collection to develop extended warranty solutions and promote EV adoption across Southeast Asia.
The service center focuses on three key solutions:
- Maintenance and Repair: Provides After-sales maintenance and repair services using certified technicians in partnership with EV 2 Wheeler Manufacturers
- Battery Quality Certification: Provides comprehensive battery health assessments using AI and IoT technology, giving owners clear insights into their vehicle's condition
- Smart Warranty Extension System: Enables owners to easily purchase extended warranties online when manufacturer warranties expire, with a fully digital process (to be available through partnership with OEMs)
These solutions not only give owners peace of mind but also bring transparency to the used EV market, opening doors to preferential loan packages from financial institutions.
"We believe each quality service center will boost confidence in electric vehicles, helping realize Vietnam's green mobility goals."
- Roy affirmed.
About RenewGo
RenewGo is a pioneering tech startup transforming the electric motorbike aftermarket in Southeast Asia. Delivering smart, data-driven solutions that protect EV batteries, enhance resale value, and unlock financial accessibility for EV owners. Its flagship Smart Service Centers offer advanced battery diagnostics, quality certifications, and extended digital warranty services—addressing the critical infrastructure gap in EV maintenance. By partnering with OEMs and leveraging AI and IoT technologies, RenewGo is building a complete aftermarket ecosystem to accelerate EV adoption across the region.
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