About Switch Mobility
Switch Mobility is a company based in Bengaluru (India) founded in 2019 by Shravan Aiyappa kadiamada, Vinay Sharma, Ranjit B C, and Vineeth Muthanna.. Switch Mobility has raised $18 million across 1 funding round from investors including Dana. Switch Mobility operates in a competitive market with competitors including Fazua, Clean Mobile, Bosch eBike Systems, Brammo and FreeFlow Technologies, among others.
- Headquarter Bengaluru, India
- Founders Shravan Aiyappa kadiamada, Vinay Sharma, Ranjit B C, Vineeth Muthanna
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Sectors
Transportation, Automotive & Logistics
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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 Switch Mobility Private Limited
- Date of Incorporation 07 Jun, 2019
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-4.85 K (USD)-143316.37as on Mar 31, 2023
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EBITDA
$-4.75 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$18 M (USD)
in 1 rounds
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Latest Funding Round
$18 M (USD), Series A
Jul 31, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of Switch Mobility
Switch Mobility has successfully raised a total of $18M through 1 strategic funding round. The most recent funding activity was a Series A round of $18 million completed in July 2021. 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 Series A — $18.0M
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First Round
First Round
(31 Jul 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series A - Switch Mobility | Valuation | Dana |
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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 Switch Mobility
Switch Mobility has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Dana. 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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Driveline technologies and components for electrified light vehicles are supplied.
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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 Switch Mobility
| 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 - Switch Mobility
| 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 |
Switch Mobility Comparisons
Competitors of Switch Mobility
Switch Mobility 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 Fazua, Clean Mobile, Bosch eBike Systems, Brammo and FreeFlow Technologies, 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 |
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| domain | founded_year | HQ Location |
Developer of e-bike drive system
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| domain | founded_year | HQ Location |
Electrical drive trains for light electric vehicles are developed.
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| domain | founded_year | HQ Location |
Develops eBike motors, batteries, displays, and apps for enhanced mobility.
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| domain | founded_year | HQ Location |
Electric vehicle drivetrain systems and components are supplied by Brammo.
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| domain | founded_year | HQ Location |
Powertrain systems for electric bicycles are developed.
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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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Latest news on Switch Mobility
Frequently Asked Questions about Switch Mobility
When was Switch Mobility founded?
Switch Mobility was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Switch Mobility located?
Switch Mobility is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Switch Mobility a funded company?
Switch Mobility is a funded company, having raised a total of $18M across 1 funding round to date. The company's 1st funding round was a Series A of $18M, raised on Jul 31, 2021.
What does Switch Mobility do?
Switch Mobility was founded in 2019 in Bengaluru, India, as a platform focused on electric bicycle hardware. Mid-drive systems are developed to enable features such as regenerative braking, over-the-air firmware updates, and rider statistics. Operations center on providing non-conventional modes for electric bicycles, with services targeted at the mobility sector in India.
Who are the top competitors of Switch Mobility?
Switch Mobility's top competitors include Fazua, Brammo and FreeFlow Technologies.
Who are Switch Mobility's investors?
Switch Mobility has 1 investor. Key investors include Dana.
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