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
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website switchmobility.in
- Social LinkedIn X Instagram
- Legal Name Switch Mobility Private Limited
- Date of Incorporation 07 Jun, 2019
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹47,000
FY 2024
- Net Loss-₹95,000
FY 2024 · -202% margin
- EBITDA-₹90,000
FY 2024 · -191% margin
- Total Equity Funding$18M (USD)
in 1 rounds
- Latest Funding Round$18M (USD), Series A
Jul 2021
- Investors
Associated legal entities of Switch Mobility
Switch Mobility operates through Switch Mobility Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Switch Mobility Private Limited CIN U31909KA2019PTC124998 | Active | 07 Jun 2019 | Virajpet, Karnataka | ₹0.0 Cr | – | 4 | View details |
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 $18M
- Total Rounds 1
- Last Round Series A — $18M
- First Round $18M
(Jul 2021)
- Investors Count 1
All 1 funding rounds of Switch Mobility with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | $18M | Series A | – | Dana | – |
1 investors in total: 1 institutional.
Investors in Switch Mobility
Switch Mobility has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Dana.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Driveline technologies and components for electrified light vehicles are supplied. | 1904 | dana.com | Maumee, United States |
Investor details for Switch Mobility
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- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Switch Mobility Private Limited (Switch Mobility)
Switch Mobility Private Limited is the primary company behind Switch Mobility. The board of Switch Mobility Private Limited currently have 4 directors; the longest-serving is Naliyanda Kaverappa Vineeth Muthanna, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naliyanda Kaverappa Vineeth Muthanna DIN 08474259 | Director | 07 Jun 2019 | 7 yrs 4 mo | Switch Mobility Private Limited |
| Vinay Manjunath Sharma DIN 08474261 | Director | 07 Jun 2019 | 7 yrs 4 mo | Switch Mobility Private Limited |
| Basappa Chandra Shekar Ranjit DIN 08474260 | Director | 07 Jun 2019 | 7 yrs 4 mo | Switch Mobility Private Limited |
| Kadiamada Poonacha Shravan Aiyappa DIN 09817471 | Director | 29 Dec 2022 | 3 yrs 9 mo | Switch Mobility Private Limited |
People of Switch Mobility
5 people are tracked at Switch Mobility (5 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
| Co-Founder | Leadership | |
Ranjit B C | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Dheeraj Hinduja | Chairman | Leadership |
Complete people profiles for Switch Mobility
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Financials of Switch Mobility
Figures of Switch Mobility Private Limited, the primary company behind Switch Mobility, for FY 2024. Revenue was ₹47,000. Net loss was -₹95,000 (-202% margin). EBITDA was -₹90,000 (-191% margin).
- ₹47,000Revenue · FY 2024
- -₹95,000Net loss · -202% margin
- -₹90,000EBITDA · -191% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Switch Mobility Private Limited are on its company page.
Detailed financial statements for Switch Mobility
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Switch Mobility
2 dated milestones of Switch Mobility across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Switch Mobility is founded.
- Funding First funding round of $18.0M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fazua.com | 2011 | Munich, Germany | $14.53M | 106 | Developer of e-bike drive system | |
| clean-mobile.com | 2006 | Munich, Germany | $25.2M | 927 | Electrical drive trains for light electric vehicles are developed. | |
| bosch-ebike.com | 2012 | Stuttgart, Germany | – | – | Develops eBike motors, batteries, displays, and apps for enhanced mobility. | |
| brammo.com | 2002 | Ashland, United States | $82.06M | 33 | Electric vehicle drivetrain systems and components are supplied by Brammo. | |
| freeflowtechnologies.com | 2012 | Glasgow, United Kingdom | $8.19M | 9 | Powertrain systems for electric bicycles are developed. | |
| revonte.com | 2018 | Tampere, Finland | $2M | – | Develops innovative smart electric bicycles with advanced technologies. | |
| zehus.it | 2013 | Milan, Italy | $1.67M | – | Propulsion systems for electric bicycles are developed by Zehus. |
Detailed competitors of Switch Mobility
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Switch Mobility
The website of Switch Mobility (switchmobility.in) receives about 7.8K visits a month.
- Monthly visits7.8K
▲ 457.7% vs previous month
Latest news on Switch Mobility
Complete news archive for Switch Mobility
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Switch Mobility
10 companies that operate in the same segment as Switch Mobility (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 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
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 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
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 | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about Switch Mobility
Switch Mobility was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Switch Mobility is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
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 2021.
The primary company behind Switch Mobility, Switch Mobility Private Limited, reported revenue of ₹47,000 for FY 2024.
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.
Switch Mobility's top competitors include Fazua, Brammo and FreeFlow Technologies.
Switch Mobility has 1 investor. Key investors include Dana.
Switch Mobility operates through Switch Mobility Private Limited.
The legal entities of Switch Mobility currently have 4 directors, including Kadiamada Poonacha Shravan Aiyappa, Naliyanda Kaverappa Vineeth Muthanna, Vinay Manjunath Sharma and others.