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Singaporean fintech GEKO acquires leading EV bike-maker SWAG amid growing ASEAN EV market

SINGAPORE, Dec. 22, 2021 /PRNewswire/ -- GEKO Life Pte Ltd, a Singapore-based fintech company for the electric vehicle (EV) market, announced it has acquired SWAG EV, Singapore's first premium EV motorcycle brand. GEKO will fully own SWAG, and the brand will be retained and continue operations as usual.

The acquisition for an undisclosed amount in cash will accelerate the growth of both SWAG and GEKO through parallel expansions and exclusive, in-house financing from GEKO.

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