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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.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley