About SWYTCHD
SWYTCHD is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2021 by Sameer Arif Sinclair. SWYTCHD has raised $553 thousand across 2 funding rounds from investors including Alstom, Venture Catalysts and LetsVenture. The company has 1 employees. SWYTCHD was last valued at $2.48 million in December 2022. Its chief executive is Sameer Arif Sinclair. Its Indian entity Swytchd Mobility Private Limited reported revenue of ₹2.32 Cr. Its focus areas include Energy Tech, Electric Vehicles, Vehicle as a Service and Multi Category Vehicles.
Company details
Subscription-based electric vehicle rental service provider. It offers a range of electric vehicles, including bikes and cars, on an all-inclusive monthly plan, allowing users with the benefits of electric mobility without the upfront costs.
- Headquarters Bengaluru, India
- Employees 1
- Founders Sameer Arif Sinclair
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website swytchd.com
- Social LinkedIn X Facebook
- Legal Name Swytchd Mobility Private Limited
- Date of Incorporation 09 Dec, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.32 Cr
FY 2024 · +76% YoY
- Net Loss-₹2.03 Cr
FY 2024 · -87% margin
- EBITDA-₹4.8 Lakh
FY 2024 · -2% margin
- Total Equity Funding$553K (USD)
in 2 rounds
- InvestorsAlstom
& 37 more
- Employee Count1
Associated legal entities of SWYTCHD
SWYTCHD operates through Swytchd 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 |
|---|---|---|---|---|---|---|---|
| Swytchd Mobility Private Limited CIN U63033KA2021PTC155409 | Active | 09 Dec 2021 | Bangalore, Karnataka | ₹2.3 Cr | – | 2 | View details |
Funding Insights of SWYTCHD
SWYTCHD has successfully raised a total of $553K across 2 strategic funding rounds. 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 $553,000
- Total Rounds 2
- First Round $553,000
(Dec 2022)
- Investors Count 38
All 2 funding rounds of SWYTCHD 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 |
|---|---|---|---|---|---|
| May 2023 | – | Grant | – | – | |
| Dec 2022 | $553,000 | Seed | $2.48M | LetsVenture, ZNL Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2022 | $2.48M | •••••••• |
Last known valuation $2.48M (Dec 2022). 38 investors in total: 10 institutional and 28 angel.
Investors in SWYTCHD
SWYTCHD has secured backing from 38 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Alstom, Venture Catalysts and LetsVenture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Incubation and support services for startups in technology, innovation, and social impact in India. | 2000 | nsrcel.org | Bengaluru, India | |
Investments are directed by ZNL Ventures toward early-stage technology startups. | – | znlventures.com | Santa Clara, United States | |
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Potato farming, grain marketing, and equipment services are provided in Maine. | 2022 | beejnetwork.com | Chennai, India | |
Accredited investors are networked for private equity funding opportunities. | 2000 | keiretsuforum.com | San Francisco, United States | |
Hardware products and services for the railway sector are supplied. | 1928 | alstom.com | Saint Ouen, France | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
- | – | ayushmanmehtabenefittrust.tcc.mode | - | |
Multi-brand restaurant franchises are operated by SFC Group. | – | sfcgroup.com | Abu Dhabi, United Arab Emirates | |
Promotes regulatory education for professionals in biomedical and healthcare industries. | 2016 | agreglobal.org | Los Angeles, United States |
Investor details for SWYTCHD
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Swytchd Mobility Private Limited (SWYTCHD)
Swytchd Mobility Private Limited is the primary company behind SWYTCHD. The board of Swytchd Mobility Private Limited currently have 2 directors; the longest-serving is Sameer Arif, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sameer Arif DIN 09430159 | Director | 09 Dec 2021 | 4 yrs 10 mo | Swytchd Mobility Private Limited |
| Manju Balasubramanyam DIN 08225949 | Director | 09 Dec 2021 | 4 yrs 10 mo | Swytchd Mobility Private Limited |
People of SWYTCHD
1 people are tracked at SWYTCHD (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Sameer Arif Sinclair | Founder & CEO | Leadership |
Complete people profiles for SWYTCHD
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of SWYTCHD
Figures of Swytchd Mobility Private Limited, the primary company behind SWYTCHD, for FY 2024. Revenue was ₹2.32 Cr (+76% year on year). Net loss was -₹2.03 Cr (-87% margin). EBITDA was -₹4.8 Lakh (-2% margin).
- ₹2.32 CrRevenue · FY 2024 · +76% YoY
- -₹2.03 CrNet loss · -87% margin
- -₹4.8 LakhEBITDA · -2% margin
- ₹1.3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Swytchd Mobility Private Limited are on its company page.
Detailed financial statements for SWYTCHD
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of SWYTCHD
4 dated milestones of SWYTCHD across 2 years, from founding to its latest funding, stage changes and deals.
- Founded SWYTCHD is founded.
- Funding First funding round of $553K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Grant,.
Web traffic of SWYTCHD
The website of SWYTCHD (swytchd.com) receives about 4K visits a month.
- Monthly visits4K
▲ 133.1% vs previous month
Websites whose visitors overlap most with SWYTCHD. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| eveez.in | 100% | 15.6K | #1,257,177 | View details |
Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as SWYTCHD (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.85 B | – | 11 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,381 |
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Related news about Swytchd
Complete news archive for SWYTCHD
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Frequently Asked Questions about SWYTCHD
SWYTCHD was founded in 2021 and raised its 1st funding round 1 year after it was founded.
SWYTCHD is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sameer Arif Sinclair is the current CEO of SWYTCHD. They have also founded this company.
SWYTCHD is a funded company, having raised a total of $553K across 2 funding rounds to date. The company's 1st funding round was a Seed of $553K, raised on Dec 2022.
SWYTCHD has 1 employees.
The primary company behind SWYTCHD, Swytchd Mobility Private Limited, reported revenue of ₹2.32 Cr for FY 2024, up 76% year on year.
Subscription-based electric vehicle rental service provider. It offers a range of electric vehicles, including bikes and cars, on an all-inclusive monthly plan, allowing users with the benefits of electric mobility without the upfront costs.
SWYTCHD has 38 investors. Key investors include Alstom, Venture Catalysts, LetsVenture, NSRCEL, and Keiretsu Forum.
The valuation of SWYTCHD is $2.48M as of Dec 2022.
SWYTCHD operates through Swytchd Mobility Private Limited.
The legal entities of SWYTCHD currently have 2 directors, including Sameer Arif, Manju Balasubramanyam.