Swap
Founded 2019 · 60 employees on LinkedIn · 4 known investors
Swap Energy operates an integrated electric vehicle ecosystem in Indonesia, providing battery-swapping stations and e-motorcycles that use a shared battery and swapping method across multiple brands. It runs a network of over 1,500 swapping stations located at partner sites such as gas stations and convenience stores.
Also known as PT Swap Energi Indonesia · Swap Energi · Swap Energy
Investors · 4
Also in the syndicate · 1
Funding
SEC filings, press & company announcements$200M disclosed across 2 rounds · 2026
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Swap (operating as Swap Energy / PT Swap Energi Indonesia) runs a battery-swapping network for electric motorcycles in Indonesia, describing itself as Southeast Asia's largest integrated electric vehicle ecosystem connecting batteries, swapping stations and e-motorcycles through mobility and IoT. The company states it was created to manage the complexity of multi-brand e-motorcycle charging by standardising on a single battery design and swapping method usable across e-motorcycle types.
The product portfolio comprises three elements: the Swap Battery, a portable lithium-ion pack offered in 64V (1.3 kWh) and 72V (2.1 kWh) variants with IP67, CE, IEC 62133 and UN 38.3 certification and identical 140 x 177 x 330 mm dimensions; Swap Stations, automated swapping cabinets distributed around cities in a small format (1,500 W, two battery slots) and a big format (11,000 W, seven battery slots), both IP54/CE/IEC 62840 certified, plus a 200 W single-slot Swap Home charger with an eight-hour full charge; and the Swap App, which lets riders locate nearby stations, book a battery swap, top up mileage quota, locate a parked vehicle, lock the motorcycle and review trip and transaction history. A battery management system provides real-time availability and condition data, regulates current flow and temperature, and uses digitally secured authentication so only registered users can access stations. The company is headquartered at PIK Avenue Mall, Jl. Pantai Indah Barat, North Jakarta, DKI Jakarta.
Business model
Swap deploys and operates a network of battery swapping stations hosted at partner retail and fuel sites, and supplies the standardised batteries and charging hardware used by e-motorcycle riders, who access the service through the Swap mobile application.
Riders pay on a pay-as-you-go basis for distance travelled rather than energy consumed, buying mileage quota packages through the app; published examples for the Smoot Tempur include 100 km valid 30 days for Rp 20,000 (Rp 200/km), 250 km valid 45 days for Rp 45,000 (Rp 180/km) and 500 km valid 60 days for Rp 80,000 (Rp 160/km), and for the Smoot Zuzu 200 km valid 30 days for Rp 40,000 and 400 km valid 60 days for Rp 70,000. The Google Play listing indicates in-app purchases.
Traction
The company reports more than 1,500 swapping stations across Indonesia on its website, while its Google Play listing cites over 700 stations at named retail and fuel chains and more than 100,000 Android app downloads; the app was last updated in August 2026.
Latest developments
Public sources available are limited to the company's own website, product pages and app store listing; the Android app received an update in August 2026 described as optimised app usage and bug fixes.
▸Full profile — market position, technology, go-to-market, geography
Market position
The company positions itself as Southeast Asia's largest battery swapping network and an integrated ecosystem rather than a single product, differentiated by cross-brand battery standardisation.
A single battery design intended to serve all e-motorcycle types, removing the need for brand-specific charging systems, combined with an owned station network, authentication-secured hardware and distance-based pricing that avoids energy-consumption calculations for users.
Technology
Standardised swappable lithium-ion battery packs (64V/1.3 kWh and 72V/2.1 kWh) with a battery management system controlling current flow, temperature and other charging safety aspects and providing real-time availability and condition data; automated, scalable swapping stations with user authentication; and an IoT-connected consumer app for station location, booking, mileage top-up, vehicle locking and transaction history.
Go-to-market
Stations are placed at partner locations chosen for convenience, including gas stations, multi-chain stores and convenience stores; the app listing names Alfamart, Alfamidi, Shell, BP-AKR and Circle-K as host locations. Rider acquisition and service delivery run through the Swap mobile app, and the company also positions itself as a swapping provider for corporate partners.
Electric motorcycle riders in Indonesia across multiple e-motorcycle brands, together with the retail, convenience and fuel-station operators that host swapping stations.
Geography
Operations are concentrated in Indonesia, with stations described as spread across the country and a head office in North Jakarta (PIK Avenue Mall, Jl. Pantai Indah Barat, DKI Jakarta 14470).
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
In the news
▸Research sources · 8
primary sources listed
- Swapswap.id · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Swap do?
- Indonesian operator of a multi-brand battery-swapping network and connected e-motorcycle ecosystem.
- Who are Swap's investors?
- Swap's investors include Qiming Venture Partners, DST Global, ICONIQ.
- How much funding has Swap raised?
- Swap has disclosed $200M raised across 2 rounds.