About Swapp Design
Swapp Design is a company based in Bengaluru (India) founded in 2022 by Buddhabrata Chakravorty and Pathi Mohan Rao.. Swapp Design has raised $198.79 thousand across 1 funding round from investors including Seafund, Mukesh Sharma Family Trust and Ev2 Ventures. The company has 1 employees as of April 06, 2024. Swapp Design offers products and services including Swapp Station and Battery Swapping Service. Swapp Design operates in a competitive market with competitors including SUN Mobility, Battery Smart, Esmito, Batterypool and Mooving, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 06 Apr, 2024
- Founders Buddhabrata Chakravorty, Pathi Mohan Rao
- Stage Minicorn
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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 Swapp Design Private Limited
- Date of Incorporation 01 Jun, 2022
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$198.79 K (USD)
in 1 rounds
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Latest Funding Round
$198.79 K (USD), Seed
Nov 09, 2023
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Investors
Seafund
& 4 more
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Employee Count
1
as on Apr 06, 2024
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Products & Services of Swapp Design
Swapp Design offers a comprehensive portfolio of products and services, including Swapp Station and Battery Swapping Service. 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.
Enables 1-minute autonomous battery swaps for electric vehicles in fleets.
Offers pay-per-kilometer battery usage to make EVs affordable for drivers.
Funding Insights of Swapp Design
Swapp Design has successfully raised a total of $198.79K through 1 strategic funding round. The most recent funding activity was a Seed round of $198.79 thousand completed in November 2023. 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 1
- Last Round Seed — $198,790
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First Round
First Round
(09 Nov 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Seed - Swapp Design | Valuation | Seafund , Mukesh Sharma Family Trust |
| 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 Swapp Design
Swapp Design has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Seafund, Mukesh Sharma Family Trust and Ev2 Ventures. 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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Venture capital investments in deeptech startups, providing capital and strategic support in Bangalore.
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Founded Year | Domain | Location | |
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Venture capital investment in AI, machine learning, and healthcare tech-startups
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Founded Year | Domain | Location | |
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Investments are provided to smart mobility sector startups.
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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 Swapp Design
| 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 - Swapp Design
| 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 |
Swapp Design Comparisons
Competitors of Swapp Design
Swapp Design 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 SUN Mobility, Battery Smart, Esmito, Batterypool and Mooving, 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 |
Online platform for battery swapping solutions
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| domain | founded_year | HQ Location |
Provider of EV battery-swapping network
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| domain | founded_year | HQ Location |
Saas & IoT enabled battery management products and solutions for electric vehicles
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| domain | founded_year | HQ Location |
Battery rental and swapping services for electric vehicles are offered.
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| domain | founded_year | HQ Location |
Battery swapping solutions are provided for electric vehicles in India.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Swapp Design
When was Swapp Design founded?
Swapp Design was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Swapp Design located?
Swapp Design is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Swapp Design?
Buddhabrata Chakravorty is the current CEO of Swapp Design. They have also founded this company.
Is Swapp Design a funded company?
Swapp Design is a funded company, having raised a total of $198.79K across 1 funding round to date. The company's 1st funding round was a Seed of $198.79K, raised on Nov 09, 2023.
How many employees does Swapp Design have?
As of Apr 06, 2024, the latest employee count at Swapp Design is 1.
What does Swapp Design do?
Battery swapping solutions for EV charging station operators. They are also developing a BaaS solution for four-wheeled EVs. It provides an AI-powered platform that enables architects to streamline the process of drafting and redrafting construction documents.
Who are the top competitors of Swapp Design?
Swapp Design's top competitors include Battery Smart, SUN Mobility and Batterypool.
What products or services does Swapp Design offer?
Swapp Design offers Swapp Station and Battery Swapping Service.
Who are Swapp Design's investors?
Swapp Design has 5 investors. Key investors include Seafund, Mukesh Sharma Family Trust, Ev2 Ventures, Sanchi Techstarter, and ThinKuvate.
What is Swapp Design's valuation?
The valuation of Swapp Design is $1.71M as of Nov 2023.
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