About Powerswap
Powerswap is a company based in Stockholm (Sweden) founded in 2011.. Powerswap has raised $222.88 thousand across 3 funding rounds from investors including European Union and EIC Fund. Powerswap offers products and services including Power Swap System, Fuelmatics, and Hycan. Powerswap operates in a competitive market with competitors including Ample and Aulton New Energy, among others.
- Headquarter Stockholm, Sweden
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Powerswap Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$222.88 K (USD)
in 3 rounds
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Latest Funding Round
$58.4 K (USD), Grant
Aug 31, 2018
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Investors
European Union
& 1 more
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Employee Count
Employee Count
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Products & Services of Powerswap
Powerswap offers a comprehensive portfolio of products and services, including Power Swap System, Fuelmatics, and Hycan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
System for quick battery replacement in electric vehicles.
Solutions for vehicle energy management and infrastructure.
Technology for hydrogen and energy networks in vehicles.
Funding Insights of Powerswap
Powerswap has successfully raised a total of $222.88K across 3 strategic funding rounds. The most recent funding activity was a Grant round of $58.4 thousand completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $58,403
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First Round
First Round
(11 Dec 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Grant - Powerswap | Valuation |
investors |
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| Mar, 2018 | Amount | Grant - Powerswap | Valuation |
investors |
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| Dec, 2017 | Amount | Seed - Powerswap | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Powerswap
Powerswap has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and EIC Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Powerswap
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Powerswap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Powerswap Comparisons
Competitors of Powerswap
Powerswap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ample and Aulton New Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automatic battery swapping solutions for electric vehicles are developed.
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| domain | founded_year | HQ Location |
Electric vehicle battery swapping solutions with automated systems are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Powerswap
When was Powerswap founded?
Powerswap was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is Powerswap located?
Powerswap is headquartered in Stockholm, Sweden.
Is Powerswap a funded company?
Powerswap is a funded company, having raised a total of $222.88K across 3 funding rounds to date. The company's 1st funding round was a Seed of $222.88K, raised on Dec 11, 2017.
What does Powerswap do?
Powerswap was founded in 2011 in Stockholm, Sweden, focusing on battery swapping infrastructure within the electric vehicle sector. Machines for automated battery exchanges are developed for installation at existing fuel stations and parking lots. Payments for swaps are processed via a dedicated app. The system supports the sale of electric vehicles excluding the battery, which is offered under a separate lease arrangement. Operations emphasize seamless integration into urban mobility networks.
Who are the top competitors of Powerswap?
Powerswap's top competitors include Ample and Aulton New Energy.
What products or services does Powerswap offer?
Powerswap offers Power Swap System, Fuelmatics, and Hycan.
Who are Powerswap's investors?
Powerswap has 2 investors. Key investors include European Union, and EIC Fund.