Swap
- Company typePrivate
- Founded2021
- HeadquartersPenjaringan, Indonesia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
Swap firmographics
Firmographics- Name
- Swap
- Legal name
- PT Swap Energi Indonesia
- Website
- https://swap.id
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Swap industry classification
Industry- Product category
- Battery Swapping Services
- NAICS
- Automotive Equipment Rental and Leasing (5321)
- SIC
- Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies (5010), Wholesale-Motor Vehicle Supplies & New Parts (5013)
- akta.pro primary industry
- Micromobility Charging & Battery Swapping Services (THADAGAL)
- akta.pro secondary industries
- Shared Mobility Operations & Fleet Services (Charging/Swapping, Rebalancing, Maintenance) (TLAFAMAJ), E-Mobility Batteries & Swappable Packs (Consumer) (CRACASAI)
Keywords
Where Swap is headquartered
LocationHeadquarters
- HQ city
- Penjaringan
- HQ country
- Indonesia
- HQ region
- Asia
Offices1 record
Markets served
Swap business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Technology or R&D, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Battery Swapping Fees: Revenue from battery swapping transactions where users pay per swap at Swap Stations. Users can pay per use or through subscription mileage packages.
- Mileage Subscription Packages: Prepaid mileage packages (100km, 250km, 500km) with validity periods. Revenue recognized over the subscription period. Examples: 100km/30 days at Rp 20,000 (Rp200/km), 500km/60 days at Rp 80,000 (Rp160/km).
- B2B Fleet Solutions: Providing battery-swap infrastructure to fleet operators like Ramssol Group for their electric motorcycle leasing business, including deployment of swap stations and battery provisioning.
- Platform Services: Platform fees collected for app-based services including station navigation, booking, and transaction management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Pay-as-You-Go (Smoot Tempur) |
| Usage-based | Pay-as-you-go | Smoot Zuzu Plans |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels8 records
Swap product offering
Product offeringCore offering
Swap provides an integrated battery-swapping ecosystem for electric motorcycles in Indonesia, combining portable lithium-ion batteries, automated Swap Station cabinets, and a Swap App that lets riders swap a depleted battery for a fully charged one in seconds rather than waiting hours to recharge. The company monetizes this ecosystem through per-swap usage fees and recurring mileage-subscription packages for individual riders, complemented by B2B fleet deployment and hardware sales to commercial operators.
Product overview
Swap operates as an integrated electric vehicle ecosystem for two-wheeled e-motorcycles in Indonesia, consisting of three core interconnected products: (1) Swap Battery — portable lithium-ion batteries in 64V and 72V variants with one universal design for all compatible e-motorcycles; (2) Swap Station — a network of automated battery swapping stations (Small and Big models) distributed across Indonesia, enabling instant battery exchange; and (3) Swap App — a mobile application that connects riders to the network for station navigation, battery booking, mileage management, and transaction tracking. The ecosystem is supported by Swap Home for at-home charging and a Battery Management System (BMS) for real-time battery monitoring and safety. The company positions itself as Southeast Asia's largest integrated EV ecosystem with over 1,500 swapping stations.
Differentiator
Problem solved
Functional benefit
Products and services
- Swap Battery Portable lithium-ion battery pack for electric motorcycles, sold to individual riders and B2B customers as a swappable energy source compatible with the Swap Station network.
- Swap Station Automated battery-swapping cabinet (Small and Big variants) that holds charged Swap Batteries and dispenses them to riders after digital authentication; deployed in public locations and at B2B fleet sites.
- Swap App Mobile application that lets riders locate nearby Swap Stations, book batteries, manage subscriptions, and process per-swap payments.
- Swap Home At-home charging unit that allows riders to charge Swap Batteries at home as an add-on to the public Swap Station swapping network.
Quantifiable outcome
- Fire safety improvement: e-bike charging fires reduced by 78% in Shanghai program with municipal cabinet deployment
- +2 more outcomes
Companies that use Swap
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Swap technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Swap partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered minor and core.
- PLN (Perusahaan Listrik Negara)minorState electricity company partnership for power supply to Swap battery swapping stations across Indonesia.
- PertaminaminorState oil company co-locating Swap battery swapping stations at their fuel station locations.
- AlfamartminorMajor Indonesian minimart chain hosting Swap battery swapping stations at store locations.
- AlfamidiminorIndonesian convenience store chain co-locating Swap battery swapping stations.
- BP AKRminorFuel station operator co-locating Swap battery swapping stations at their outlets.
- Circle KminorInternational convenience store chain hosting Swap battery swapping stations in Indonesia.
- Family MartminorConvenience store chain co-locating Swap battery swapping stations.
- KFC IndonesiaminorFast food chain hosting Swap battery swapping stations at select locations.
- TIKIminorIndonesian logistics company co-locating Swap battery swapping stations.
- DandananminorRetail partner hosting Swap battery swapping stations.
- PT SmootcoreElectric motorcycle manufacturer providing vehicles for Swap's battery-swap ecosystem. Swap provides battery infrastructure for Smoot's ride-hailing and delivery fleet deployments through partners like Ramssol Group.
- PT Rider Gate Indonesia (Ramssol Group)coreSubsidiary of Ramssol Group Berhad launching integrated EV bike leasing ecosystem for Indonesia's ride-hailing and delivery sector. Agreement includes deployment of 500 electric motorcycles with battery-swap infrastructure from PT Swap.
- Haus! DrinksminorIndonesian beverage franchise co-locating Swap battery swapping stations at store locations.
- Pecenongan MartabakminorLocal business partner hosting Swap battery swapping stations.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Swap competitors and assessment
Company assessmentDirect peers
- Gogoro: Gogoro operates the world's most recognized battery swap network for electric two-wheelers. Although currently Taiwan/Asia-focused, Gogoro is a direct competitor on the battery-swap business model that Swap is deploying in Indonesia.
- Sun Mobility: Sun Mobility operates battery swap networks for two- and three-wheelers across India. Directly comparable as a peer in the developing-economy e-2W battery swap market with station-based model.
- Bounce Infinity: Bounce Infinity operates battery swap services for electric scooters in India. Directly comparable to Swap's pay-per-swap, portable battery model for e-two-wheelers in an emerging market.
Broad incumbents
- Honda Motorcycle & Scooter India — Battery Swap Operations: Honda has announced battery swap solutions for its electric two-wheelers globally. As a major incumbent in Indonesia's motorcycle market, Honda's potential entry into swap infrastructure would compete directly with Swap's universal-battery model.
- Hyundai / Kia (Battery-as-a-Service ventures): Hyundai has piloted battery swap and Battery-as-a-Service models globally. As broad incumbents entering the swap space, they represent competitive and partnership risk for Swap in regional EV expansion.
- Nio (Battery Swap): Nio operates the largest battery swap network globally for passenger EVs. While focused on cars, its scale and ambition set the technological benchmark for Swap and represent a potential expansion/learning model.
Emerging players
- Yadea: Yadea is a leading Chinese e-scooter manufacturer that has begun exploring battery swap networks. It serves as both a potential OEM partner and competitor to Swap's swap-infrastructure layer in Southeast Asia.
- Grab / GrabBattery (electrum): Grab Indonesia's ride-hailing fleet is a likely customer for Swap's services, and Grab has signaled interest in EV infrastructure across Southeast Asia. Comparable as a regional mobility platform exploring two-wheeler electrification.
- Gojek (GoTo): Gojek operates Indonesia's largest ride-hailing and delivery fleet. Gojek's push to electrify its driver fleet makes it a comparable large-fleet customer and potential competitor if it develops in-house battery infrastructure.
Others
- Pertamina (Pertamina Patra Niaga): Indonesian state oil company and a station placement partner for Swap. Comparable as an ecosystem participant providing real estate/foot traffic and a potential vertical competitor if Pertamina builds proprietary EV charging/swap.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Swap social profiles
Digital presenceSwap compliance and trust
Trust signalCompliance6 records
Swap financial estimates
Financial estimateRevenue estimate
Valuation estimate
Swap leadership team
Management profileNumber of profiles
Profiles3 records
Swap funding detail
Funding detailFunding overview
Funding rounds3 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Swap M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Swap
What does Swap do?
Swap provides an integrated battery-swapping ecosystem for electric motorcycles in Indonesia, combining portable lithium-ion batteries, automated Swap Station cabinets, and a Swap App that lets riders swap a depleted battery for a fully charged one in seconds rather than waiting hours to recharge. The company monetizes this ecosystem through per-swap usage fees and recurring mileage-subscription packages for individual riders, complemented by B2B fleet deployment and hardware sales to commercial operators.
Is Swap a public or private company?
Swap is a private company. It is classified as venture growth investor backed and is currently operating.
When was Swap founded?
Swap was founded in 2021. It employs 11 to 50 people.
Where is Swap based?
Swap is headquartered in Penjaringan, Indonesia, in the Asia region.
How does Swap make money?
Four revenue lines are on record. Battery Swapping Fees are the primary driver. The others are mileage Subscription Packages, B2B Fleet Solutions and platform Services.
Who are Swap's main competitors?
Direct peers on record are Gogoro, Sun Mobility and Bounce Infinity. Broad incumbents are Honda Motorcycle & Scooter India — Battery Swap Operations, Hyundai / Kia (Battery-as-a-Service ventures) and Nio (Battery Swap). Emerging players are Yadea, Grab / GrabBattery (electrum) and Gojek (GoTo). Pertamina (Pertamina Patra Niaga) is listed as an others.
Does Swap have an API?
No public API is recorded for Swap.
What industry is Swap in?
Swap's product category is Battery Swapping Services. Its primary akta.pro industry code is THADAGAL, Micromobility Charging & Battery Swapping Services, with a secondary code of TLAFAMAJ, Shared Mobility Operations & Fleet Services (Charging/Swapping, Rebalancing, Maintenance). Its NAICS code is 5321 and its SIC code is 5010.