About SWTCH
SWTCH is a company based in Toronto (Canada) founded in 2018.. SWTCH has raised $42.03 million across 6 funding rounds from investors including SVB, Blue Earth Capital and Alantra. The company has 33 employees as of December 31, 2024. SWTCH operates in a competitive market with competitors including Monta, AmpUp, Smartcar, Fuuse and ChargeLab, among others.
- Headquarter Toronto, Canada
- Employees 33 as on 31 Dec, 2024
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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
*********
- Legal Name Swtch Energy Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$42.03 M (USD)
in 6 rounds
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Latest Funding Round
$4 M (USD), Series B
Jun 05, 2025
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Investors
SVB
& 12 more
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Employee Count
33
as on Dec 31, 2024
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Funding Insights of SWTCH
SWTCH has successfully raised a total of $42.03M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $4 million completed in June 2025. 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 B — $4.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series B - SWTCH | Valuation |
investors |
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| Apr, 2024 | Amount | Series B - SWTCH | Valuation | Blue Earth Capital | |
| Apr, 2022 | Amount | Series A - SWTCH | Valuation | Aligned Climate Capital |
| 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 SWTCH
SWTCH has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Blue Earth Capital and Alantra. 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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Provider of investment firm specializing in private equity and private credit
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Founded Year | Domain | Location | |
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Early-stage climate tech companies are supported through investments.
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Founded Year | Domain | Location | |
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Cogito Capital is focused on market-driven investment opportunities.
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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 SWTCH
| 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 - SWTCH
| 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 |
Swtch Comparisons
Competitors of SWTCH
SWTCH 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 Monta, AmpUp, Smartcar, Fuuse and ChargeLab, 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 |
Monta is recognized as a provider of EV charging software solutions.
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| domain | founded_year | HQ Location |
Tech-enabled platform offering charging point management solutions
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| domain | founded_year | HQ Location |
Provider of SaaS-driven API platform for connected car data
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| domain | founded_year | HQ Location |
Electric-vehicle charging stations are managed via a SaaS platform.
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| domain | founded_year | HQ Location |
Provider of electric vehicle station management solution
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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 Swtch
Frequently Asked Questions about SWTCH
When was SWTCH founded?
SWTCH was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is SWTCH located?
SWTCH is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of SWTCH?
Carter Li is the current CEO of SWTCH.
Is SWTCH a funded company?
SWTCH is a funded company, having raised a total of $42.03M across 6 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Nov 13, 2019.
How many employees does SWTCH have?
As of Dec 31, 2024, the latest employee count at SWTCH is 33.
What does SWTCH do?
SWTCH was founded in 2018 in Toronto, Canada, as a provider of EV charging management systems within the electric vehicle infrastructure sector. Operations focus on a platform that optimizes charging sessions and revenue for property owners through internet-connected chargers. Remote monitoring, access control, energy metering, billing, and payments are enabled. An app for monitoring and managing charging is available on Android and iOS platforms.
Who are SWTCH's investors?
SWTCH has 13 investors. Key investors include SVB, Blue Earth Capital, Alantra, IBI Group, and Export Development Canada.
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