As battery swapping becomes an increasingly common solution to the problem of charging vehicles, Berlin-based green tech startup Swobbee has raised €6 million funding. The Series A round was led by EIT InnoEnergy, a company that specialises in sustainable energy investment and is supported by the European Union.
The green tech will use InnoEnergy’s funds and network to build its battery swapping service across Germany and into two new European countries.
Founded in 2017, the platform offers battery swapping stations, with a multi-modal approach that enables the micromobility boom. With an ever-increasing number of micromobility vehicles being deployed in cities worldwide, for both personal transport as well as last mile logistics, these stations enable the rapid exchange and charging of batteries for a wide variety of electric micromobility vehicles, independent of the manufacturer.
The innovation makes the startup’s swapping stations a central part of a sustainable urban transport infrastructure and part of a huge growth market. Thomas Duscha, co-founder and CEO, Swobbee said: “EIT InnoEnergy’s funding not only confirms that we are on the right track, but also is the starting point to take further investors on board with the scaling that is now starting.”
Jennifer Dungs, thematic field leader for transport and mobility, EIT InnoEnergy, added: “Micromobility plays a decisive role in our cities’ mobility transition. Hence, it is important to establish comprehensive networks of high-performance battery charging and swapping stations for all the different types of vehicles.”
The company has also provided charging infrastructure to companies such as DHL, DPD, and Hermes, and it also works with shared e-scooter and e-bike company Tier Mobility.