About SwiftCurrent
SwiftCurrent is a Transportation, Automotive & Logistics company based in Kolhapur (India) founded in 2016. It operates as an electric scooters are manufactured by SwiftCurrent in India. Its Indian entity Swiftcurrent Technologies Private Limited reported revenue of ₹13.1 Lakh. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Two Wheelers. Similar companies include Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss and 4 more; 9 of its 9 listed similar companies have raised funding.
Company details
SwiftCurrent was founded in 2016 in Kolhapur, India, within the electric vehicle sector. Electric scooters are produced as the core offering, with operations centered on assembly and distribution. The companys domain, swiftcurrent.in, supports online presence and customer engagement. Focus is placed on sustainable urban mobility solutions, primarily for the domestic market in India, with manufacturing facilities located in the region.
- Headquarters Kolhapur, India
- SectorsTransportation, Automotive & Logistics
- Website swiftcurrent.in
- Social LinkedIn
- Legal Name Swiftcurrent Technologies Private Limited
- Date of Incorporation 06 May, 2016
- Jurisdiction Kolhapur, Maharashtra, India
- Annual Revenue₹13.1 Lakh
FY 2025 · -81% YoY
- Net Loss-₹18.5 Lakh
FY 2025 · -141% margin
- EBITDA-₹14.6 Lakh
FY 2025 · -111% margin
Associated legal entities of SwiftCurrent
SwiftCurrent operates through Swiftcurrent Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Swiftcurrent Technologies Private Limited CIN U74999PN2016PTC164360 | Active | 06 May 2016 | Kolhapur, Maharashtra | ₹0.1 Cr | – | 2 | View details |
Board of directors of Swiftcurrent Technologies Private Limited (SwiftCurrent)
Swiftcurrent Technologies Private Limited is the primary company behind SwiftCurrent. The board of Swiftcurrent Technologies Private Limited currently have 2 directors; the longest-serving is Tanay Pravin Shaha, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tanay Pravin Shaha DIN 07494961 | Director | 06 May 2016 | 10 yrs 5 mo | Swiftcurrent Technologies Private Limited |
| Ruchi Tanay Shaha DIN 07536235 | Director | 06 Jun 2016 | 10 yrs 4 mo | Swiftcurrent Technologies Private Limited |
Financials of SwiftCurrent
Figures of Swiftcurrent Technologies Private Limited, the primary company behind SwiftCurrent, for FY 2025. Revenue was ₹13.1 Lakh (-81% year on year). Net loss was -₹18.5 Lakh (-141% margin). EBITDA was -₹14.6 Lakh (-111% margin). Revenue has grown at a compounded annual rate of -47% over three years and -15% over five years.
- ₹13.1 LakhRevenue · FY 2025 · -81% YoY
- -₹18.5 LakhNet loss · -141% margin
- -₹14.6 LakhEBITDA · -111% margin
- ₹21 LakhPaid-up capital
- -47%Revenue CAGR, 3 years
- -15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Swiftcurrent Technologies Private Limited are on its company page.
Detailed financial statements for SwiftCurrent
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- Statement rows
- Financial ratios
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Similar companies to SwiftCurrent
SwiftCurrent has 9 listed similar companies in our database, 9 of them funded. They include Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| olaelectric.com | 2017 | Bengaluru, India | $999.91M | 3,520 | Electric scooters and motorcycles are manufactured with related accessories. | |
| atherenergy.com | 2013 | Bengaluru, India | $502.02M | 1,755 | Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | |
| gogoro.com | 2011 | Taipei, Taiwan | $765M | 1,892 | Electric scooters are developed and battery swapping networks are operated. | |
| heroelectric.in | 2007 | Gurugram, India | $129.6M | 122 | Manufacturer offering electric scooters and mobility solutions | |
| bgauss.com | 2020 | Mumbai, India | $24.37M | 633 | Retailer of electric scooters offering test rides, maintenance, and financing | |
| rideriver.com | 2020 | Bengaluru, India | $66M | 396 | Electric scooters are designed and produced for urban mobility. | |
| motovolt.co | 2019 | Kolkata, India | $1.92M | 315 | Electric bicycles with advanced features are developed by Motovolt. | |
| bncmotors.in | 2020 | Coimbatore, India | $8.66M | – | Electric two-wheelers with removable batteries and hub motors are manufactured. | |
| greaveselectricmobility.com | 2008 | Bengaluru, India | $226.32M | 1,551 | Manufacturer of electric two and three-wheelers for personal and commercial use |
Detailed similar companies of SwiftCurrent
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- Full competitor set
- Operating metrics
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Top companies in Electric & Green Mobility
10 companies that operate in the same segment as SwiftCurrent (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Frequently Asked Questions about SwiftCurrent
SwiftCurrent was founded in 2016.
SwiftCurrent is headquartered in Kolhapur, India. It is registered at Kolhapur, Maharashtra, India.
The primary company behind SwiftCurrent, Swiftcurrent Technologies Private Limited, reported revenue of ₹13.1 Lakh for FY 2025, down 81% year on year.
SwiftCurrent was founded in 2016 in Kolhapur, India, within the electric vehicle sector. Electric scooters are produced as the core offering, with operations centered on assembly and distribution. The companys domain, swiftcurrent.in, supports online presence and customer engagement. Focus is placed on sustainable urban mobility solutions, primarily for the domestic market in India, with manufacturing facilities located in the region.
SwiftCurrent's top competitors include Ather Energy, Ola Electric and BGauss.
SwiftCurrent operates through Swiftcurrent Technologies Private Limited.
The legal entities of SwiftCurrent currently have 2 directors, including Tanay Pravin Shaha, Ruchi Tanay Shaha.