Singapore blockchain mobility ecosystem that includes the TADA ride-hailing platform, the ONiON T1 electric three-wheeler and a crypto wallet.
Founded in 2012 and headquartered in Singapore, MVL Foundation Pte. Ltd. builds a blockchain-based mobility ecosystem that connects transport services. Its products include the TADA ride-hailing platform in Singapore, Cambodia, and Vietnam, the ONiON T1 electric three-wheeler with a battery swap system, and the Clutch wallet for managing MVL tokens. The company reported revenue of USD 27.43 mn and EBITDA of USD 7.06 mn in fiscal 2023. It raised USD 14.39 mn in Series B funding on April 9, 2021, led by Central Co. Ltd. and Iloom, with new investor TRIVE, and CEO Marius Lupascu leads the company.
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