Oyika operates in the electric mobility sector, providing innovative solutions such as battery swapping, electric motorbike sales, and home charging stations. The company primarily serves urban commuters, delivery service providers, and businesses looking for sustainable transportation options. Oyika's business model revolves around a Battery-as-a-Service (BaaS) system, which allows customers to lease batteries, thereby reducing the upfront costs associated with electric vehicle (EV) adoption. This model not only makes EVs more accessible but also opens up new revenue streams through battery swapping services. Oyika generates income through the sale of electric motorbikes, leasing of batteries, and subscription fees for its battery swapping and home charging services. The company operates in the Asia-Pacific market and has attracted strategic investments from major players like Banpu NEXT, a leading smart energy solutions provider.

Keywords: electric mobility, battery swapping, electric motorbikes, home charging, BaaS, urban commuters, sustainable transportation, EV adoption, Asia-Pacific, Banpu NEXT.