Top 5 Battery Swapping Companies In Malaysia

Malaysia’s EV battery swapping market is still young but growing fast, driven by the Battery-as-a-Service (BaaS) model that lets riders swap batteries instead of owning them. This approach lowers costs, extends battery life, and supports upgrades to newer technology. It’s gaining traction in scooters, ride-sharing fleets, and even potential energy storage uses. While challenges like raw material prices remain, the market outlook from 2024 to 2030 is promising. In this article, we’ll also explore the top 5 battery swapping companies in Malaysia leading this shift toward faster, cleaner, and more convenient EV charging.

Top 5 Battery Swapping Companies In Malaysia

A strong network of battery swap station system solutions is essential to make the system reliable and widely accessible. Strategic partnerships and collaborations—like those seen with global players such as, Blueshark, Oyika, Swap&Go, Tycorun Energy, and Mna Energy—are also driving growth and innovation. In this article, we’ll highlight the top 5 battery swapping companies in Malaysia that are shaping this fast-evolving market. So, let's dive in!

Blueshark

Company overview
Blueshark Malaysia, the local arm of the global Sharkgulf Technologies Group, is on a mission to make cutting-edge electric mobility accessible for everyone. Focusing on smart EVs and swappable energy solutions, the company aims to revolutionize urban transportation with cleaner, safer, and more inspiring mobility options.

With over 130 patents, they lead in tech-driven vehicle innovation—integrating Internet of Vehicles (IoV), renewable energy solutions, and strong industry partnerships. The Blueshark R1, their flagship electric scooter, earned the prestigious Good Design Award in 2020.

Blueshark's Swap2Go system allows riders to exchange a depleted battery for a fully charged one in under 10 seconds, making it one of the fastest solutions in Malaysia’s EV market. The dual-battery pack offers a 2.88 kWh capacity, providing up to 110 km of range, and is built to last over 2,000 charge cycles—four times longer than typical batteries—while integrating 20 sensors to monitor safety and performance. Cost efficiency is a key advantage, with home charging costing just RM 0.012 per kilometre compared to RM 0.046 for petrol bikes, and subscription plans like BlueSwap offering affordable options for high-mileage riders.

Blueshark's growing BlueStation network, strategically located at Petronas stations and other key points across the country, ensures riders have quick access to battery swaps, while the Blueshark mobile app makes it easy to locate stations, book swaps, and track usage and billing. This combination of speed, durability, cost savings, and smart connectivity is helping Blueshark redefine convenient and sustainable electric mobility in Malaysia.

News Updates
In May 2025, Blueshark Ecosystem and Petronas Dagangan formalized a joint venture—Blueshark Malaysia—with Blueshark holding 51% and Petronas Dagangan 49%. The new JV will serve as the exclusive distributor of Blueshark’s electric two-wheelers (including the upcoming SoloEra models) and will expand battery swap operations across the country. Blueshark’s locally assembled scooters will continue to be produced with EP Manufacturing in Glenmarie.

On July 20, 2025, Blueshark announced the Malaysia Electric Vehicle Empowerment (MyEVE) programme, reinforcing its commitment to accelerate electric motorcycle adoption. The initiative supports Malaysia’s Low Carbon Mobility Blueprint and aims to help the country reach its target of 15% electric motorcycle penetration by 2030 through swap-and-lease battery models.

Oyika

Company overview
Oyika is a Singapore-based company focused on making electric mobility more accessible through its innovative battery swapping and subscription-based solutions for electric motorcycles. The company provides an affordable and convenient way for riders to switch from petrol-powered to electric two-wheelers without the high upfront costs. Oyika offers battery swap stations where riders can quickly exchange their electric motorcycle battery from depleted batteries for fully charged ones, eliminating the need for long charging times.

In Malaysia, Oyika has been actively expanding its network, providing riders with more swap locations and seamless services to support the country's transition to clean transportation. With its growing presence, Oyika stands among the top 5 battery swapping companies in Malaysia, contributing to the region's push toward sustainable urban mobility.

Oyika has built a growing network of battery swapping stations business model that strategically located at convenience stores, petrol stations, and shopping malls, allowing riders to quickly exchange depleted batteries for fully charged ones. The process is managed through the Oyika app, which enables users to find nearby stations, check battery availability, and even pre-book a battery for a specific time.

Operating on a Battery-as-a-Service (BaaS) model, Oyika offers subscription-based plans so riders don’t need to purchase or maintain their own batteries. Through its partnership with rydeEV, Oyika supports a fleet of electric motorcycles and scooters equipped with swappable batteries, making the transition to electric mobility both convenient and cost-effective—comparable in ease to refueling a petrol vehicle but far more sustainable.

News Updates
Oyika will launch a new electric motorcycle in 2025, offering an affordable price and advanced features such as battery swapping and a modern design. This new motorcycle is aimed at online riders, with longer range and higher speed. One of the models to be released is the Alessa Evo.

Ryde EV

Company overview
RydeEV brings a fresh wave of convenience to micromobility in Malaysia with its sleek electric motorcycles and scooters that support swappable battery technology. Through its Battery-as-a-Service (BaaS) model, RydeEV ensures riders can effortlessly pick up fully charged batteries from an accessible network of swap stations, making urban electric riding both practical and seamless.

You can also experience their offerings firsthand at the RydeEV Experience Centre in Petaling Jaya, where their team is available on weekdays. As one of the top 5 battery swapping companies in Malaysia, RydeEV is shaping a more connected and efficient future for EV riders.

RydeEV offers a diverse lineup of electric motorcycles, scooters, and cargo vehicles designed to meet various transportation needs — from urban commuting and deliveries to light logistics. Riding these vehicles is effortless thanks to RydeEV’s Battery-as-a-Service (BaaS) model, which allows users to swap batteries with ease.

The company focuses on modern design, reliable performance, and advanced battery technology, making their products suitable for urban commuting and delivery services. Each model is built to deliver a balance of speed, range, and durability, catering to different rider needs while promoting sustainable mobility.

News Updates
In 2025, RydeEV has been making progress in expanding its electric mobility initiatives. The company focuses on offering eco-friendly transportation solutions, particularly through its range of electric motorcycles and battery swapping technology. By combining innovation with sustainable energy, RydeEV aims to reduce carbon emissions and provide practical, affordable mobility options for urban commuters. Its recent updates highlight partnerships, product developments, and efforts to strengthen electric vehicle adoption in the regions where it operates.

Tycorun Energy

Company overview
TYCORUN is a China-based company specializing in comprehensive battery swapping solutions for electric mobility, particularly for two- to four-wheeled vehicles. Their extensive offerings and industry footprint. With 17 years of battery R&D experience and 7 years of battery swap station development, Tycorun has built a mature global presence in this market.

They provide end-to-end systems that combine hardware and software—including battery packs, swapping cabinets, electric vehicles (motorcycles and more), mobile apps, cloud platforms, and business planning services. Solutions have been deployed successfully across 48+ countries, covering diverse climate and infrastructure conditions with high uptime (99.7%) and wide adoption (6000+ cabinets, 150,000+ daily swaps).

TYCORUN offer Intelligent Swap Cabinets featuring multi-slot, multi-voltage configurations, built-in safety systems, and cloud-based monitoring, with varying slot counts such as; 5-slot Battery Swap Cabinet, 8-slot Battery Swap Cabinet, 12-slot Battery Swap Cabinet with robust safety features like IP54/IP65 protection, remote control, and smart battery management.

Battery packs using quality cells like Samsung 29E, offering high capacity (~2 kWh), fast charging, and long cycle life (500+ cycles). including LiFePO4, NMC, and semi-solid types, with 4G/GPS enabled tracking and real-time health diagnostics. Also integrated with scalable Software Tools: Platforms and apps offer features like station location, swap requests, payment integration, business analytics, and operational dashboards.

News Updates
Tycorun has announced the successful completion of its first shipment of 1,500 high-performance lithium batteries to Egypt, marking a significant milestone in its partnership with local client HAWA.

The batteries, engineered specifically for electric motorcycles, are fully compatible with Tycorun's advanced smart battery swapping cabinet systems. This delivery underscores the company'ss commitment to supporting sustainable urban mobility in international markets.

MNA Energy

Company overview
MNA Battery, a subsidiary of EP Manufacturing Berhad, is focused on developing and producing advanced battery solutions for electric vehicles and other applications. The company operates with a strong commitment to innovation, sustainability, and supporting the growing EV ecosystem in Malaysia and beyond.

With its expertise in battery technology, MNA Battery plays a key role in driving the country's transition to clean energy. Their efforts position them alongside major players, contributing to Malaysia’s EV infrastructure alongside the top 5 battery swapping companies in Malaysia, which are helping to shape the future of efficient and eco-friendly transportation.

Supported by strategic partnerships with organizations like MOSTI, NanoMalaysia, MTDC, UiTM, and Ni Hsin Group, MNA has pioneered patented innovations such as the G-HESS (Graphene-Ultracapacitor-Lithium-Ion Hybrid Energy Storage System)—a lightweight, high-energy, fast-charge storage solution.

MNA Energy's SmartSwap system stands out as an innovative, end-to-end solution that supports Malaysia’s evolving electric motorcycle landscape. Their flagship SmartSwap platform delivers a fully integrated Battery-as-a-Service (BaaS) ecosystem for electric motorcycles, featuring rapid swap kiosks, a user-friendly mobile app for station discovery and reservation, cashless payments, and cloud-based battery monitoring—making EV riding as seamless as refuelling a conventional vehicle, also scalable infrastructure—an offering that complements the services of the top 5 battery swapping companies in Malaysia, each building the foundation for cleaner, smarter urban mobility.

News Updates
In May 2025, Ni Hsin Group Bhd officially entered into a heads of agreement (HoA) with MNA Energy Sdn Bhd (MNAE) to collaboratively develop advanced battery technology for electric motorcycles. This strategic partnership encompasses the design and deployment of a standardized battery swapping infrastructure, underpinning MNAE's SmartSwap platform for e-mobility solutions.

This agreement—backed by a Bursa Malaysia filing—reflects MNAE's continued leadership in pioneering Electric Mobility-as-a-Service (EMaaS) through its SmartSwap ecosystem. The collaboration is poised to accelerate growth and commercialization of battery-swapping infrastructure across Malaysia and potentially Southeast Asia

Who We Are

At TYCORUN, we specialize in lithium battery manufacturing and offer one-stop battery solutions. Since 2007, we’ve been committed to R&D, production, and sales of lithium battery packs, battery cells, and battery management systems (BMS). Our products cover a wide range of applications such as electric motorcycles, energy storage, and custom solutions. With over 15 years of experience and a strong global network, TYCORUN offers OEM/ODM services, provides technical support, and ensures quality with multiple certifications, including UN38.3, MSDS, CE, and UL. Contact Us to find your battery need.

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