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In August 2024, He Tao, the ex-co-founder of XPENG Motors, embarked on his second entrepreneurial journey by launching OMOWAY (Mu Wei) in collaboration with Jiao Qingchun, the former vice president. The startup is strategically positioned in the burgeoning global market for electric and intelligent motorcycles. Over the past year, OMOWAY has successfully secured three rounds of funding, with the Series A financing round being spearheaded by Monolith Capital. During a high-profile event in Singapore, the company showcased its inaugural self-driving motorcycle, the OMO X, along with a suite of in-house developed technologies. The OMO X prototype made its debut last June, with pre-sales slated for April of this year and subsequent delivery to Indonesian customers planned for May. Looking ahead, OMOWAY anticipates introducing its second product to the market by the year's end.
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