Swobbee Receives €2 Million Investment

Urban mobility tech startup Swobbee has raised €2 million in a Series A investment round. Existing investors participated in this investment round with Dutch Stichting Clean Future Dividend Fund and SpeedUp Energy Innovation. The need for different solutions to facilitate the green transition is increasing as the race to reach net zero accelerates in the world. The most important element in the green transition is to increase green roads for travel. Urban mobility; approaches to moving from point A to point B are integrated with futuristic technology and electric vehicles. The number of electric vehicles has increased recently. Unfortunately, access to sustainable and reliable charging services remains a challenge.

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Swobbee Creates Reliable and Accessible Charging Infrastructure

Swobbee was founded in 2017. However, it was rebranded as Swobbee in 2020. It develops both software and hardware solutions to provide battery exchange stations for electric vehicles. It removes all barriers to the availability of electric vehicles with reliable and accessible charging infrastructure.

The urban mobility technology startup has taken on some of the responsibilities with battery-swapping infrastructure. It charges batteries owned by suppliers and owners of light electric vehicles. The software developed by the startup works seamlessly at the stations. The special feature of the software is that it develops end-to-end solutions. Thanks to the software, the charging and management process of all batteries in the station is taken under control. The startup ensures an 87% reduction in CO2 emissions for operators of light electric vehicle fleets such as scooters, bicycles, etc. Swobbee plans to develop its services and expand globally with the investment it has received. The startup plans to serve in Southeast Asia and Eastern European markets. The countries where the startup currently serves are Germany, Portugal, Poland, Spain and the Netherlands.