Indonesian EV battery startup Swap Energy raises $7.2m

Ondine Capital leads funding round that includes SBI Kejora Orbit Fund

20230403 Swap Energy

Founded in 2019, Swap Energy builds charging infrastructure for two-wheeled electric vehicles. (Screenshot from Swap Energy's website) 

KHAMILA MULIA, DealStreetAsia

JAKARTA -- Indonesia-based Swap Energy, which provides battery-swapping solutions for two-wheeled electric vehicles (EVs), has raised about $7.2 million in a pre-Series A funding round led by Ondine Capital, according to regulatory filings.

The company had announced the round last month without disclosing the amount of capital raised.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.