About Swiftmile
Swiftmile is a company based in San Mateo (United States) founded in 2014.. Swiftmile has raised $8.98 million across 6 funding rounds from investors including Verizon, Wilson Sonsini Goodrich & Rosati and Thayer Ventures. Swiftmile offers products and services including Charging Station, Digital Sign Network, Universal Charging, and Back End System. Swiftmile operates in a competitive market with competitors including Span.IO, Lightning eMotors, AMPLY, Qmerit and SemaConnect, among others.
- Headquarter San Mateo, United States
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Swiftmile, Inc
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Annual Revenue
$29.45 K44as on Dec 31, 2016
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Net Profit
$-284.27 K-106as on Dec 31, 2016
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EBITDA
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Total Equity Funding
$8.98 M (USD)
in 6 rounds
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Latest Funding Round
$5 M (USD), Series A
Jul 15, 2020
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Investors
Verizon
& 3 more
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Employee Count
Employee Count
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Products & Services of Swiftmile
Swiftmile offers a comprehensive portfolio of products and services, including Charging Station, Digital Sign Network, Universal Charging, and Back End System. 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.
Delivers safe charging for e-bikes and e-scooters.
Manages custom ads and content on charging hubs.
Supports various e-scooters for convenient charging.
Handles power and data via integrated APIs.
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Funding Insights of Swiftmile
Swiftmile has successfully raised a total of $8.98M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in July 2020. 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 6
- Last Round Series A — $5.0M
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First Round
First Round
(26 Apr 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series A - Swiftmile | Valuation | Thayer Ventures | |
| Oct, 2019 | Amount | Seed - Swiftmile | Valuation |
investors |
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| Sep, 2019 | Amount | Seed - Swiftmile | 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 Swiftmile
Swiftmile has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Verizon, Wilson Sonsini Goodrich & Rosati and Thayer 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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US focused VC firm
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Founded Year | Domain | Location | |
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Venture capital investing and portfolio management services for accredited investors.
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Founded Year | Domain | Location | |
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Mobile and internet services are provided to homes and businesses.
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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 Swiftmile
| 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 - Swiftmile
| 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 |
Swiftmile Comparisons
Competitors of Swiftmile
Swiftmile 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 Span.IO, Lightning eMotors, AMPLY, Qmerit and SemaConnect, 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 |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
SaaS management solutions for EV charging operators are provided.
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| domain | founded_year | HQ Location |
Fully-automated charging solution for EV fleets
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| domain | founded_year | HQ Location |
Installation services for EV chargers and electrification are provided.
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| domain | founded_year | HQ Location |
Provider of EV charging solutions
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| domain | founded_year | HQ Location |
V2G solutions for EV charging and grid services 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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Latest news on Swiftmile
Frequently Asked Questions about Swiftmile
When was Swiftmile founded?
Swiftmile was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is Swiftmile located?
Swiftmile is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is Swiftmile a funded company?
Swiftmile is a funded company, having raised a total of $8.98M across 6 funding rounds to date. The company's 1st funding round was a Seed of $490K, raised on Apr 26, 2018.
What is the annual revenue of Swiftmile?
Annual revenue of Swiftmile is $29.45K as on Dec 31, 2016.
What does Swiftmile do?
Swiftmile was founded in 2014 in San Mateo, United States, focusing on the mobility sector. Operations involve the deployment of Swiftstations, which serve as solar-powered parking and charging hubs for personal electric transporters including e-scooters, e-bikes, e-trikes, and e-skateboards. Users locate and rent these devices through a mobile application, supporting shared access in urban environments.
Who are the top competitors of Swiftmile?
Swiftmile's top competitors include Span.IO, Lightning eMotors and Fermata Energy.
What products or services does Swiftmile offer?
Swiftmile offers Charging Station, Digital Sign Network, Universal Charging, and Back End System.
Who are Swiftmile's investors?
Swiftmile has 4 investors. Key investors include Verizon, Wilson Sonsini Goodrich & Rosati, Thayer Ventures, and Alumni Ventures.