Location
Bangalore, Karnataka
Year Founded
2020
Sector
Electric Vehicle
Seafund Entry
November 2023
SUBSector
Autonomous battery swapping
cOINVESTORS
Thinkuvate, EV2 Ventures
Company Overview
Swapp Design provides a comprehensive suite of engineering services, including the design, manufacturing of battery packs and modules for electric vehicles and energy storage systems. The company has developed interoperable 4W EV batteries, robotic devices for automated battery swapping, swappable battery chassis, along with a proprietary BMS for maximum throughput. They also develop software for battery optimization.
PROBLEM STATEMENT
The EV charging ecosystem lacks agility and affordability. Current solutions for commercial cargo EV players offer a choice between 6 – 8 hours of slow charging or higher cost with fast charging. This dilemma is further aggravated by the low battery life of commercial EVs with limited battery monitoring solutions in place.
investment rationalE
Globally robot assisted battery swapping market is mature, and it’s only time the same will come to India as operators face cost / operational difficulties in alternative solutions. There are few large global players like Ample and Nio, however no-one is operating in 4W EV autonomous battery swapping in India. This offers a strong first movers advantage to the company. Additionally, Swapp’s Indian supply chain will enable cost advantages compared to global counterparts. Lastly, the founding team has extensive experience in Automotive, EV, Mobility and Battery space having worked in large corporations, leading teams and building strong networks.
FOUNDER BACKGROUND
Buddhabrata Chakraborty
CEO
Spent over a decade working in companies like Continental and Bosch building software, architectures and applications for advanced autonomous mobility. He also gained experience into the world of safety-critical applications.
Pathi Mohan Rao
CTO
Background in Electronics and Communication Engineering, Pathi has held key roles at Ola Electric Mobility and Robert Bosch India Limited, contributing to battery systems and software development. He has 16 years of experience across internal combustion vehicles and electric mobility.