Indonesian EV startup Swap Energy raises $22m in Series A round

Indonesian EV startup Swap Energy raises $22m in Series A round

Photo from Swap Energy's website.

Swap Energy, an Indonesia-based electric vehicle (EV) startup, has raised about $22 million in a Series A funding round led by Qiming Venture Partners, show filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).

ACRA filings only reflect the equity funding received so far in a round and the overall funding round could be larger and have other components such as debt.

Edited by: Pramod Mathew