Representative office of Ms. Le Diep Kieu Trang's company stopped operating.

According to the National Business Registration Portal, the Representative Office of Arevo Vietnam Co., Ltd. has been dissolved and ceased operations. This is one of three business registration entities related to the name Arevo in Vietnam.

In which , Arevo Vietnam Co., Ltd. , established on November 16, 2020, located in the High-Tech Park, Thu Duc City (HCMC). Detailed business registration: software production (design, simulation, printer control); 3D printing services from carbon fiber; production of polymer-based carbon fiber materials (PEEK, Nylon...) for 3D printing; production of 3D printers.

On May 17, the company adjusted its charter capital from VND 23.1 billion to VND 170.67 billion.

Along with that , the Representative Office of Arevo Vietnam Co., Ltd. , established on April 19, 2021, located in An Khanh Ward, Thu Duc City (HCMC). The business line code is trading, marketing, product research and development.

In addition, there is Arevo Ho Chi Minh City Co., Ltd. established on May 24, 2021, located in Saigon - Linh Trung Export Processing Zone, Linh Trung Ward, Thu Duc City (HCMC). Detailed business registration lines: software production (design, simulation, printer control); production of Polymer-based carbon fiber materials (PK, Nylon...) for 3D printing; production of products from 3D printing technology and design solutions from carbon fiber; production of electric bicycles, electric scooters; bicycle production; furniture production; helmet production...

Thus, after the investment project worth 19.5 million USD of Arevo Vietnam in Ho Chi Minh City High-Tech Park (SHTP) ceased operations, Arevo's Representative Office also dissolved.

Mr. Sonny Vu at an international event in November 2022. (Photo: Arevo)

Previously, in January 2021, the SHTP Management Board granted an investment registration certificate to Arevo Vietnam's project with a total investment capital of 19.5 million USD. SHTP said that to realize the technological product, Arevo Vietnam Company submitted a dossier to build a manufacturing plant, and the project was licensed. By May 2023, the above project had ceased investment activities.

Arevo Vietnam Company was founded by former CEO of Facebook Vietnam Le Diep Kieu Trang and her husband Sonny Vu. This company once announced a project to produce bicycles using 3D printing technology, the first monolithic carbon fiber bicycle named SuperStrata. The project advertised itself that, with 3D printing technology, super light carbon fiber material, the bike only weighs nearly 1.3 kg, designed and produced according to the needs of users.

More specifically, Ms. Trang introduced that each Superstrata bike is 3D printed seamlessly to both familiarize the image and riding style of each person. Each frame will be made to fit each person, whether short or tall. The bike is produced using laser and robot technology, operated by a team of creative experts, creating the world's first monolithic carbon fiber bike frame.

That means no screws, no joints, and no glue, just a block of industry-standard carbon fiber, made from the highest-grade composite of any bike on the market. The frame is so light it weighs less than two water bottles.

However, recently, when put into actual use, the SuperStrata bicycle product has received many complaints about its quality. Customers reported that the delivery of the bicycle was delayed for many months; the bicycle was ordered for thousands of USD but upon receiving the bicycle, they discovered that the material of the bicycle was not as promised, the bicycle details were poorly finished, and even unsafe... When consumers complained to the manufacturer, they only received silence, without a clear explanation.

According to the website, Superstrata, the world's first monocoque carbon fiber bicycle, is a product of Arevo's 3D printing technology. This product was funded on Indiegogo, reaching the milestone of 1 million USD in sales within the first 24 hours and reaching 7.5 million USD within 3 months.

Le Diep Kieu Trang's nearly $20 million project terminated The million-dollar technology project of former Facebook Vietnam CEO Le Diep Kieu Trang and her husband has ended its operation. Previously, the HCM City Hi-Tech Park Management Board granted an investment registration certificate to Arevo's project with a total investment of $19.5 million.

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