• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • KTO
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home Transportation

Korean E-mobility startup SWING attracts global investors, raises $ 25 million in Series B round

KoreaTechDesk Writer by KoreaTechDesk Writer
February 8, 2022
in Transportation
1
SWING serves e-scooter sharing in Korea.

SWING serves e-scooter sharing in Korea.

0
SHARES
404
VIEWS
Share on FacebookShare on Twitter

Small personal electric vehicles are becoming  the new reality of urban mobility, giving startups opportunities to enter the field and investors to consider the latest transport technology avenue. In South Korea, electric mobility sharing startup SWING announced it has attracted 30 billion won or approx. $25 million in Series B investment.

White Star Capital, a global Venture Capital company and top investor of Europe’s No. 1 electric kickboard sharing service company TIER, participated as the lead investor in the round. Existing investors Hashed, and Humax also participated. MC Partners, Smilegate Investment, and ST Leaders Private Equity were new investors.

The startup to increase units & widen coverage

In the process of attracting this investment, SWING has been recognized for its differentiated performance with both scale and profitability and its growth potential through entry into new businesses and overseas markets. At the end of 2021, SWING registered to operate 35,000 electric kickboards and electric motorcycles, the largest in Korea.

Based on the operational know-how accumulated through this investment, SWING is taking the lead in mobility electrification through collaboration with local governments. The startup aims to become a leader in the personal electric mobility market in Korea this year by increasing its electric bicycles and electric motorcycles to 100,000 units.

SWING is also widening the operating scope of ‘Todayeun Rider,’ a shared service for delivery riders. In addition, by standardizing the batteries between each model, the company plans to directly install and operate the battery charging system in the first half of this year.

SWING CEO Kim Hyeong-san said, “Unlike domestic prejudice against electric kickboard sharing services, there is a global consensus on the need for personal mobility that reduces car usage and carbon emissions. Through this global investment attraction, we will expand various electric mobility and charging infrastructure and work closely with local governments to create services that both users and non-users love.”

Read More, 

  • Korean startup SWING Mobility dominating in the e-scooter sharing market
  • EVAR: Samsung Electronics’ spinoff brings an Autonomous Robotic Charger for Electric Vehicles
  • Socar’s Super App strategy step; acquires 100% stake in ‘Everyone’s Parking Lot’  
  • 42 Maru, Dana Green, Sir Loin, Robo Arate, and Neubility pitch their innovative startups at COMEUP 2021
What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: E-MobilityE-Vehicle SharingElectric ScooterInvestmentSWINGTIER
Previous Post

Fashion e-commerce startup ABLY leads in the race to be a unicorn with fresh investment in 2022

Next Post

Mental Healthcare platform Mind Cafe attracts $16 million investment; the largest among domestic mental care startups

Next Post
Mind Cafe

Mental Healthcare platform Mind Cafe attracts $16 million investment; the largest among domestic mental care startups

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback
Arie Baisch
1 month ago

Arie Baisch

[…]although internet sites we backlink to below are considerably not related to ours, we really feel they’re essentially worth a go through, so possess a look[…]

0
No Result
View All Result

Follow Us

FREE NEWSLETTER

Ecosystem Partners




PRODUCTS

Most Popular

  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Korean startups to showcase technological proficiency at CES 2023 from January 5 to 8 in Las Vegas 

    0 shares
    Share 0 Tweet 0
  • Top Korean Dating apps that can help you make new connections in South Korea

    1 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Korean webtoon ‘Lookism’ creator ‘The Grim Entertainment’ attracts $9.1 million investment

    0 shares
    Share 0 Tweet 0
  • Seoul Robotics aims for an IPO in 2025, post-Series B funding of $ 25 million

    0 shares
    Share 0 Tweet 0
  • Korean electric vehicle charging solutions startup EVAR awarded ‘Triple-Crown’ in CES 2023

    0 shares
    Share 0 Tweet 0
  • Korean startups creating the K-Beauty buzz worldwide

    11 shares
    Share 11 Tweet 0
  • Korean startup Accelerator & Venture Capital Fund 1Billion Partners continues investing in promising startups despite ‘cold investment season’

    0 shares
    Share 0 Tweet 0
  • Korean Webtoon companies that are giving the audience addictive content

    15 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KTO
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

wpDiscuz
1
0
Would love your thoughts, please comment.x
()
x
| Reply

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.