Source: Bike EU – Jo Beckendorff

A new strategic investor has joined Swobbee – EIT InnoEnergy SE. EIT will provide €3,000,000 of growth capital, a figure that is being matched by Swobbees’s existing investor.

LEVA-EU member Swobbee is a start-up providing multi-vendor, multi-modal battery swapping stations for all types of small electric vehicles. The €6,000,000 injection will allow the German service to further develop and expand across neighboring Europe.

Swobbee co-founder and CEO Thomas Duscha shares, “With EIT InnoEnergy we are very pleased to have such a renowned, globally active partner on our side. This is not only a confirmation of being on the right track, but for us, it is also the starting point to be able to take further investors on board as we now start scaling.”

This new relationship goes beyond simple financial assistance; EIT InnoEnergy is well versed in the establishment and scaling of young tech innovation companies. With its large international network, Swobbee has gained some serious traction alongside its new investor.

“Micromobility plays a decisive role for the transport turnaround in urban areas. This makes it all-important to establish a comprehensive network of high-performance charging and exchange stations for all the different types of vehicles,” says EIT InnoEnergy Transport and Mobility Head, “With its open-manufacturer technology platform, Swobbee has what it takes to take a prominent position in the market.”