Swytch Technology Ltd.
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Swytch Technology Ltd. - overview
Established
2017
Location
London, -, UK
Primary Industry
Automobiles, Other Vehicles & Parts
About
Swytch Technology Ltd. , based in the UK, specializes in innovative electric bike conversion kits that allow users to easily transform conventional bicycles into electric bikes, enhancing the cycling experience for commuters and cycling enthusiasts alike. Founded in 2017, Swytch Technology Ltd. is known for providing electric bike conversion solutions.
The company has successfully completed four deals, with its most recent funding round in November 2023, where it raised GBP 3. 4 million through VENTURE DEBT. Key figures include founder Dmitro Khroma and CEO Oliver Montague, who have previously been involved in technology and product development. Swytch Technology Ltd.
specializes in electric bike conversion kits that transform conventional bicycles into electric bikes (eBikes). Their main product, the Swytch Electric Bike Conversion Kit, features a motorized front wheel, a portable battery pack, and a pedal assist sensor for effortless installation on various bike types. This product series addresses the need for efficient commuting, easier hill climbs, and eco-friendly transport options, appealing to diverse customers from cycling enthusiasts to daily commuters, with sales across Europe, North America, and parts of Asia. Swytch Technology generates revenue via direct sales of its electric bike conversion kits, with competitive pricing aimed at encouraging widespread adoption.
The flagship Swytch Electric Bike Conversion Kit comes with tiered pricing for different battery options, making it accessible. Sales are conducted through direct-to-consumer channels, including online platforms and affiliated bike stores that offer installation services, fostering partnerships to broaden their market presence. In November 2023, Swytch Technology Ltd. secured GBP 3.
4 million in equity and debt funding led by WH Ireland, with support from various investors. The funding will be used to expand into the US, UK, and European markets, improve delivery speeds for customers, and establish new retail partnerships for in-store sales of their kits. Upcoming initiatives focus on designing new product lines to further enhance their offerings in the eBike market.
Current Investors
SFC Capital, Wealth Club, Green Angel Syndicate
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.swytchbike.com
Verticals
Clean Technology, Electric & Hybrid Vehicles, Manufacturing
Total Amount Raised
Subscriber access only
Swytch Technology Ltd. - timeline of key events
Swytch Technology Ltd. - financials
| Fiscal Year Ended | Mar 31, 2024 | Mar 31, 2025 |
|---|---|---|
| Revenue (USD) | - | - |
| % Revenue Growth (YoY) | - | - |
| EBITDA (USD) | - | - |
| Operating Income (USD) | - | - |
| Operating Margin | - | - |
| % EBITDA Margin | - | - |
| NET Income (USD) | - | - |
| % Net Margin | - | - |
Swytch Technology Ltd. - employee data
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