Battery-as-a-Service pioneer Swobbee raises close to 6 million euros from EIT InnoEnergy and existing investor

Top Quote Swobbee, partner to TIER, Apcoa, Hermes & DPD, receives almost 3 million euros each from EIT InnoEnergy and its existing investor. The investment will accelerate the scaling and internationalisation of Swobbee’s battery exchange station network for micromobility vehicles. End Quote
  • (1888PressRelease) March 11, 2022 - Berlin GreenTech startup Swobbee has raised nearly 6 million euros in new funding. New on board as an investor and strategic partner is EIT InnoEnergy, the innovation engine for sustainable energy across Europe supported by the European Institute of Innovation & Technology (EIT), a body of the European Union. EIT InnoEnergy as well as the startup’s existing investor have each contributed almost 3 million euros to the overall financing. With the fresh capital, Swobbee is planning to further develop its battery platform and massively expand its battery swapping station network for electric micromobility across Germany and its neighbouring European countries.

    Founded in 2017, Swobbee is the world’s first provider of battery swapping stations, with a multi-modal approach that enables the micromobility boom. With more and more micromobility vehicles being deployed in cities worldwide, for both personal transport as well as last mile logistics, these stations enable the rapid exchange and charging of batteries for a wide variety of electric micromobility vehicles, independent of the manufacturer. This innovation makes Swobbee’s swapping stations a central part of a sustainable urban transport infrastructure and part of a huge growth market whose potential, according to a recent market analysis by Porsche Consulting, will be around 30 billion euros by 2030 in Europe and North America alone. Numerous well-known partners such as the micromobility provider Tier Mobility, Europe’s leading parking space manager Apcoa and the leading logistics companies Hermes and DPD rely on Swobbee solutions in joint pilot projects.

    Now, with EIT InnoEnergy, a new strategic investor and partner joins Swobbee’s growing ecosystem.

    “We are very pleased to have such a renowned, globally active partner at our side in EIT InnoEnergy. This is not only confirmation that we are on the right track, but also the starting point for being able to take further investors on board with the scaling that is now starting,” explains Thomas Duscha, CEO and co-founder of Swobbee.

    The support of EIT InnoEnergy is not only of a financial nature. With its special know-how in building and scaling young GreenTech companies as well as its large international partner ecosystem, it will closely support Swobbee in business development and entry into new markets in the coming years.

    Jennifer Dungs, Thematic Field Leader for Transport and Mobility at EIT InnoEnergy, comments: “Micromobility plays a decisive role in our cities’ mobility transition. All the more important it is to establish comprehensive networks of high-performance battery charging and swapping stations for all the different types of vehicles. With its manufacturer-agnostic technology platform, Swobbee has the full package of what it takes to occupy an outstanding position in the market.”

    Press contact Swobbee
    M3E Communications - PR agency for electric mobility and new technologies Sascha Brandenburg

    Torstraße 23
    10119 Berlin, Germany
    Tel.: 0049 (0)30 403672121
    Email: s.brandenburg ( @ ) m3e-communications dot com

    About Swobbee
    As a leading Battery-as-a-Service (BaaS) provider, Swobbee GmbH supports companies in the field of micromobility in implementing an efficient and sustainable energy infrastructure. Swobbee has set itself the task of establishing a mobile and sustainable energy network in order to actively help shape the energy and mobility transition. In addition to comprehensive BaaS services, Swobbee offers the world’s first manufacturer-neutral battery sharing system with an intermodal approach for micromobility with its Battery Swapping System (BSS). This enables the company and location partners a risk-free, cost-benefit-optimised use of numerous electromobile applications, e.g. e-cargo bikes, electric scooters, eKickScooters and gardening machines.

    You can find more information at

    About EIT InnoEnergy
    EIT InnoEnergy operates at the centre of the energy transition and is the leading innovation engine in sustainable energy, bringing the technology and skills required to accelerate the green deal and Europe’s decarbonisation goals. Recognised globally as the most active sustainable energy investor and one of the largest climate tech and renewable energy tech investors in 2020, EIT InnoEnergy backs innovations across a range of areas. These include, energy storage, transport and mobility, renewables and sustainable buildings and cities – leveraging its trusted ecosystem of 500+ partners and 26 shareholders. The 300 portfolio companies are on track to generate €72.8 billion in revenue and save 1.1G tons of CO2e annually by 2030. EIT InnoEnergy is the driving force behind three strategic European initiatives which include the European Battery Alliance (EBA), the European Green Hydrogen Acceleration Centre (EGHAC) and the European Solar Initiative (ESI). Established in 2010 and supported by the European Institute of Innovation and Technology (EIT), EIT InnoEnergy has offices across Europe and in Boston, US.

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