Aionex, Thailand's leading electric two-wheeler company, today announced the appointment of its new Board of Directors and an increase in investment to support long term growth. Effective 13 January 2026, the strengthened capital base reflects Aionex's continued commitment to advancing Thailand's electric two-wheeler industry and supporting the country's transition to clean energy.
Mr. Gary Ting, Chief Executive Officer of Aionex Co., Ltd., said that in December, The company successfully completed an equity optimization, effective as of 13 January 2026. As part of this optimization, KYMCO Capital Private Equity Management Co., Ltd. (Kymco Capital), together with KYMCO, increased their combined shareholding in Aionex to 75%, while Arun Plus Co., Ltd. (Arun Plus) maintained its strategic stake at 25%.
This optimized structure marks an important strategic step for Aionex, combining a stronger and better aligned capital structure with world class technical expertise to accelerate Thailand's green energy transition and enable sustainable long-term growth of Aionex's business in Thailand.
"This adjustment is a strategic optimization. Arun Plus remains our vital partner, providing strong infrastructure and resources. At the same time, the increased investment from Kymco Capital and KYMCO reflects our commitment to Thailand. Aionex will combine professional technology transfer to help build a world-class electric two-wheeler ecosystem in Thailand. Our goal is also to elevate Thailand as a regional hub for research and development as well as manufacturing for the electric two-wheeler industry in Southeast Asia." Mr. Gary Ting, Chief Executive Officer of Aionex Co., Ltd., said
Aionex's key competitive advantage is the Aionex Smart Battery Platform (ASBP), an open smart energy and battery swapping platform designed to reduce market entry barriers for electric two-wheeler operators. ASBP enables partner brands to bring products to market faster without heavy upfront investment in battery ownership and battery swapping stations. The platform is built to support multiple brands on a single network, promoting a more efficient shared resource economy.
To support Thailand's goal of achieving net-zero greenhouse gas emissions by 2050, Aionex has established a clear business roadmap focused on expanding access to high-performance electric two-wheelers and battery swapping systems. This will help reduce air and noise pollution while improving the quality of life and enabling healthier, more sustainable urban living.
In parallel, Aionex is expanding collaboration with strategic local partners with nationwide networks, including fuel stations, convenience stores, and commercial sites, to develop a "lifestyle battery swapping service" platform. Aionex also aims to attract both domestic and international investment to strengthen manufacturing and supply chains in Thailand, create quality jobs, and unlock tangible new regional economic opportunities.
"With KYMCO's technology, Kymco Capital's investment platform, and Arun Plus's infrastructure, we believe this partnership will be an important driver of Thailand's economic transition," Mr. Gary Ting added.
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