# PT Swap Energi Indonesia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-swap-energi-indonesia

- Industry: Energy Storage & Batteries
- Headquarters: Jakarta, Indonesia
- Website: www.swap.id
- Total disclosed funding: $23M
- Latest round: Series A (Jan 2, 2024)
- Investors on record: 4

## About

Based in Jakarta, Indonesia, and founded in 2019 by Irwan Tjahaja and Kevin Phang, PT Swap Energi Indonesia, doing business as Swap, provides battery charging stations for electric-motor cyclists. In December 2023, PT Swap Energi Indonesia raised Series A funding led by Qiming Venture Partners, GGV Capital, and Ondine Capital. Swap provides battery replacement services, allowing riders to swap out their depleted batteries for fully charged batteries in less than 9 seconds at Swap’s swapping stations located throughout Indonesia's major cities. Additionally, the company provides a mobile application that allows users to check and manage the status of their motorcycles, as well as switch them off remotely if necessary.

## Funding rounds

- Series A, Jan 2, 2024, $22M — Granite Asia, Qiming Venture Partners, Ondine Capital
- Seed, Dec 31, 2021, $1M — Kejora Capital

## Investors

- Kejora Capital (https://capitalatlas.ai/funds/kejora-capital) — Seed
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series A
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series A
- Ondine Capital (https://capitalatlas.ai/funds/ondine-capital) — Series A