# Swiftmile

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swiftmile

- Industry: Consumer Products
- Headquarters: San Mateo, US
- Website: www.swiftmile.com
- Total disclosed funding: $13M
- Latest round: Series A (Jul 6, 2020)
- Investors on record: 9

## About

Swiftmile, Inc. is a company dedicated to providing innovative mobility solutions that enhance urban transport infrastructure through electric vehicle charging and micro-mobility services.Founded in 2015 and headquartered in San Mateo, California, Swiftmile, Inc. operates in the mobility sector, focusing on electric vehicle charging systems and solutions for micro-mobility. The company has not undergone any significant pivots or changes in its business strategy. Swiftmile's founders include Colin Roche, John McGraw, Keith Moravick, and Leo Vera, with Colin Roche currently serving as CEO. The company successfully raised USD 11.10 mn in a Series A funding round on July 6, 2020, led by Thayer Ventures and supported by other investors such as Alumni Ventures Group, Verizon Ventures, and Wilson Sonsini Goodrich & Rosati. This funding round marked a significant milestone, as it accounted for the total amount raised by the company, which is USD 11.10 mn.Swiftmile offers a suite of products and services aimed at enhancing urban mobility. Their core offerings include electric vehicle charging stations and solutions for micro-mobility, designed to support the infrastructure needs of cities and promote sustainable transport options. The company's services cater to a wide range of clients, from municipal governments to private enterprises, focusing on improving urban transport efficiency. Swiftmile markets these solutions primarily in North America, with plans to expand further as demand grows.Swiftmile generates revenue through a structured model based on service agreements for the installation and management of electric vehicle charging infrastructure and micro-mobility solutions. Clients typically engage in long-term contracts for these services, with pricing structured to accommodate various needs and scales, thus fostering ongoing partnerships. The company's offerings are designed to provide reliable solutions to urban mobility challenges, contributing to its revenue stream.Swiftmile's future growth strategy includes the development of new products that enhance urban mobility solutions, although specific release dates are not mentioned. The company aims to expand its market presence within North America and potentially into European markets by 2025. The recent funding of USD 11.10 mn raised in July 2020 will be utilized to support these growth initiatives and enhance service capabilities as urban areas increasingly adopt electric mobility solutions.

## Funding rounds

- Series A, Jul 6, 2020, $11M — Thayer Ventures, Wilson Sonsini Goodrich & Rosati, Verizon Ventures, Alumni Ventures Group
- Seed, Apr 12, 2018, $1M — WS Investments, Verizon Ventures, Sinai Ventures, Plug and Play
- Seed, Jun 20, 2017, $0.8M — Verizon Ventures, SeedInvest, Plug and Play
- Seed, May 1, 2015, $0.1M — Teton Growth Partners

## Investors

- Teton Growth Partners (https://capitalatlas.ai/funds/teton-growth-partners) — Seed
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Seed, Series A
- SeedInvest — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- WS Investments (https://capitalatlas.ai/funds/ws-investments) — Seed
- Sinai Ventures (https://capitalatlas.ai/funds/sinai-ventures) — Seed
- Thayer Ventures (https://capitalatlas.ai/funds/thayer-ventures) — Series A
- Wilson Sonsini Goodrich & Rosati — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A