Switch Mobility - About the company
Switch Mobility is a series B company based in Bengaluru (India), founded in 2019 by Apoorv Singh, Vinay Sharma and Shravan Aiyappa kadiamada. It operates as a Platform offering electric mid-drives for electric bicycles. Switch Mobility has raised $18M in funding from Dana. The company has 41 active competitors, including 5 funded and 5 that have exited. Its top competitors include companies like Fazua, Bosch eBike Systems and BAFANG.
Company Details
Platform offering electric mid-drives for electric bicycles. It develops hardware devices for electric bicycles to provide non-conventional modes. It offers features like regenerative braking, OTA firmware updates, offer rider statistics, etc.
- Website
- switchmobility.in
- Email ID
- *****@switchmobility.in
- Phone Number
- +91 **********
- Registered Address
- 34/53, Main Road, Ponnampet, Gonikoppal, Kodagu, Virajpet, Karnataka, India, 571213
Key Metrics
Founded Year
2019
Location
Bengaluru, India
Stage
Series B
Total Funding
$18M in 1 round
Latest Funding Round
Ranked
6th among 41 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2024
Employee Count
9 as on Jun 30, 2026
Legal entities associated with Switch Mobility
Switch Mobility is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SWITCH MOBILITY PRIVATE LIMITED CIN: U31909KA2019PTC124998 , India, Active | Jun 07, 2019 | 0 - ₹10 Cr (As on Mar 31, 2024) | - |
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Switch Mobility's funding and investors
Switch Mobility has raised a total funding of $18M over 1 round. Its latest funding round was a Series B round on Jul 31, 2021 for $*****. 1 investor participated in its latest round. Switch Mobility has 3 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Switch Mobility:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 31, 2021 | 3870415 | Series B | 5733663 | 7456055 | 8940343 | 2115704 |
View details of Switch Mobility's funding rounds and investors
Switch Mobility's founders and board of directors
Founder? Claim ProfileHere are the details of Switch Mobility's key team members:
- Apoorv Singh: Co-Founder of Switch Mobility and founder of 1 other company.
- Vinay Sharma: Co-Founder of Switch Mobility. Contact Info: 1 email address
- Shravan Aiyappa kadiamada: Co-Founder & Director of Switch Mobility. Contact Info: 1 email address
Switch Mobility's Board of Directors
Switch Mobility's board has 4 active members. Vineeth Muthanna, Ranjit B C and Vinay Sharma are part of team and Shravan Aiyappa is independent board member.Here is the list of Switch Mobility's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 2m | |
Team | - | Current | 7y 2m | |
Team | - | Current | 7y 2m | |
Independent board member | - | Current | 2y 10m |
View details of Switch Mobility's Founder profiles and Board Members
Switch Mobility's employee count trend
Switch Mobility has 9 employees as of Jun 26. Here is Switch Mobility's employee count trend over the years:
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Switch Mobility's Competitors and alternates
Top competitors of Switch Mobility include Fazua, Bosch eBike Systems and BAFANG. Here is the list of Top 10 competitors of Switch Mobility, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of e-bike drive system | $14.5M | 57/100 | ||
2nd | Bosch eBike Systems 2012, Stuttgart (Germany), Unfunded | Electric drive systems for bicycles | - | - | 56/100 |
3rd | Manufacturer of electric drives and other electromobility components | - | - | 49/100 | |
4th | Clean Mobile 2006, Munich (Germany), Acquired | Electric Drive Trains for LEVs | $25.2M | 43/100 | |
5th | Brammo 2002, Ashland (United States), Acquired | Electric Vehicle components manufacturer | $82.1M | 41/100 | |
6th | Switch Mobility 2019, Bengaluru (India), Series B | Platform offering electric mid-drives for electric bicycles | $18M | 41/100 | |
7th | Developer of all-in-one ebike drive units | - | - | 39/100 | |
8th | FreeFlow Technologies 2012, Glasgow (United Kingdom), Series A | Developer of powertrain system for electric bicycles | $8.19M | 39/100 | |
9th | Developer of propulsion systems for electric bicycles | $3.3M | 39/100 | ||
10th | CALVEM Energy 2021, Noida (India), Funding Raised | Developing powertrain solution for electric two wheelers | - | 35/100 |
Looking for more details on Switch Mobility's competitors? Click here to see the top ones
Switch Mobility's Investments and acquisitions
Switch Mobility has made no investments or acquisitions yet.
Reports related to Switch Mobility
Here is the latest report on Switch Mobility's sector:
News related to Switch Mobility
•
Ashok Leyland’s Rs 5,000 cr funding boost for its EV divisionConstructionWeekonline.in•Jul 04, 2023•Ashok Leyland, Switch Mobility
•
Leyland to invest up to ₹1,200 cr in Switch MobilityLivemint•May 23, 2023•Switch Mobility, Ashok Leyland
•
Switch Mobility to supply 300 e-buses to BMTCThe Hindu•Nov 16, 2021•SWITCH, Government of Karnataka, Switch Mobility, Switch Mobility
•
Ashok Leyland to invest $200 mn in Switch MobilityThe Hindu•Jul 28, 2021•Ashok Leyland, SWITCH, Switch Mobility, Dana and 1 other
•
Dr Miranda Brawn Appointed iNED to the Board of Switch MobilityNews Experts•Jul 13, 2021•Switch Mobility, Goldman Sachs, J P Morgan
•
Hinduja Group formally launches EV making arm Switch, sets up new teamBusiness Standard•Jul 02, 2021•Hinduja Group, Switch Mobility
•
Ashok Leyland Arm Acquires Electric Vehicle Manufacturer Switch Mobilityautobala.com•Jun 15, 2021•Switch Mobility
•
Ashok Leyland's subsidiary Switch Mobility, TVS SCS ink pactIndiatimes•Apr 27, 2021•Switch Mobility, TVS Supply Chain Solutions
•
Switch Mobility, Siemens partner for electric mobility solutionsGadgets Now•Apr 19, 2021•Siemens, Switch Mobility, Hinduja Group
•
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