# Ze Way Asset

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ze-way-asset

- Industry: Software
- Headquarters: Paris, France
- Website: www.zeway.com
- Total disclosed funding: $7.9M
- Latest round: Series B (Aug 16, 2023)
- Investors on record: 5

## About

Based in France, Ze Way Asset, SAS specializes in providing innovative electric mobility solutions through an integrated battery-swapping system for urban commuters.Established in 2019 and headquartered in Paris, France, Ze Way Asset, SAS focuses on electric mobility. The company has successfully completed a total of 3 deals, with its most recent Series B funding round in August 2023, raising EUR 7.245 mn. The funding was led by ADEME Investissement and Banque des Territoires, along with participation from other investors. The current company valuation stands at EUR 49.932 mn.Ze Way Asset, SAS offers a range of electric scooters designed for urban mobility, primarily focusing on new and used models sourced from a former fleet. Their product lineup includes models like Swapper One, Swapper Two, Swapper X, and Swapper Triango+. These scooters feature a battery swapping system with near 100 exchange points across the Paris metropolitan area, catering to urban commuters and businesses seeking eco-friendly transportation solutions.In the most recent fiscal year, Ze Way Asset, SAS reported a revenue of EUR 394,000 with an EBITDA loss of EUR 3,321,000.Following the Series B funding round in August 2023, Ze Way Asset, SAS plans to utilize the EUR 7.2 million raised to expand its network of battery exchange stations. This initiative aims to enhance accessibility and user experience for their electric scooters. The company is also looking to target new markets within the Île-de-France region, ensuring a broader reach for its urban mobility products in the foreseeable future.

## Funding rounds

- Series B, Aug 16, 2023, $7.9M — Matmut, WaterStart Capital, Banque des Territoires, InnovAllianz, ADEME Investissement

## Investors

- Matmut — Series B
- WaterStart Capital — Series B
- Banque des Territoires — Series B
- InnovAllianz — Series B
- ADEME Investissement (https://capitalatlas.ai/funds/ademe-investissement) — Series B