SWFT Raises $10 mln in Seed Funding To Make E-mobility Mainstream

By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team
Published on October 17, 2021

SWFT, an American e-mobility startup, has raised $10 million in seed funding to revolutionize how electric vehicles are used in today’s world.

Strategic angel investors like Martin Lauber, Managing Partner of 19 York; Mark Joseph, CEO of Mobitas Advisors and former CEO of Transdev; and David Zwick, Managing Director at RedCap Technologies, participated in the round. Mark Joseph referred to his participation in the round by stating:

“I am thrilled to support the SWFT team on their path of impressive growth. We know that consumers are increasingly seeking out alternative modes of transportation, like e-bikes, as quick and efficient ways to travel, and there’s no more experienced or equipped team to enter the market than this one.”

SWFT was founded back in 2020 by David Liniado within On Spec, a company focused on developing brands that disrupt different industries, with the mission to create a more sustainable and efficient transportation mode. With a float of electric vehicles ranging from e-motorcycles to low-speed vehicles, the startup aims to become a major player in the transportation industry by 2022. Liniado, who also acts as CEO of SWFT, said about the startup’s recent success:

“Personal e-mobility is a generational shift and we are proud to introduce SWFT to the market. We created SWFT not only to change how people move, but to change how they feel about movement. Over the course of the last eighteen months, we built and developed our products alongside some of the best minds in the business. Not only are our products safe and enjoyable, but we’re thrilled about the community we’re fostering around empowering movement and staying active.”

With environmentally friendly transportation methods becoming increasingly irrelevant among the younger generations, SWFT is a firm believer that e-mobility can go beyond e-scooters and e-bikes. By offering a whole new catalog of electric vehicles, the startup could help revolutionize how people around the globe transport at a time when the environment really needs it.

By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team

Juan Fajardo is a News Desk Editor at Grit Daily. He is a software developer, tech and blockchain enthusiast, and writer, areas in which he has contributed to several projects. A jack of all trades, he was born in Bogota, Colombia but currently lives in Argentina after having traveled extensively. Always with a new interest in mind and a passion for entrepreneurship, Juan is a news desk editor at Grit Daily where it covers everything related to the startup world.

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