Core Insights - OMOWAY, a smart electric motorcycle brand, has completed a multi-million dollar seed and angel round financing, with funds aimed at mass production and ongoing technological development [1][3] - The company was founded in 2024 by former Xiaopeng Motors executives and plans to launch its first mass-produced model in Indonesia by 2026 [1][3] Company Overview - OMOWAY was established by He Tao and Qiao Qingchun, with a team that includes former key personnel from Xiaopeng Motors and VIVO [1][3] - The company has set up two headquarters in Guangzhou, China, for product development, and Jakarta, Indonesia, for production and sales [5] Market Opportunity - Indonesia is the third-largest motorcycle market globally, with over 120 million motorcycles and an expected sales volume exceeding 6.3 million units by 2024 [3][4] - The electric two-wheeler industry in Indonesia is maturing, with a projected growth of nearly 400% in electric motorcycle sales due to government policies promoting electric vehicles [3][4] Product Features - The OMO X model features the HALO intelligent development architecture, which includes advanced driving assistance systems such as adaptive cruise control and collision avoidance [5] - The design allows for three riding modes: pedal, cross-ride, and travel, catering to various user needs [5] Strategic Focus - OMOWAY's strategy emphasizes local market adaptation and leveraging automotive supply chain expertise to enhance product quality and cost control [4][5] - The company aims to expand globally, with Indonesia as the starting point for its high-tech product offerings [5]