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Fitin logo — Empowering seamless battery replacement for commercial elect...

Fitin

Empowering seamless battery replacement for commercial electric vehicles with innovative swap technology.

Founded 2023 Seed Total: $2.00B Transportation

General Information

Company Name Fitin
Founded Year 2023
Industries Transportation
Funding Stage Seed
Social

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About Fitin

Fitin, a transportation startup founded in 2023, aims to revolutionize battery replacement for commercial electric vehicles. The company's slogan, "Empowering seamless battery replacement for commercial electric vehicles with innovative swap technology," encapsulates its core offering. Fitin offers a subscription service model for battery replacements in vehicles such as taxis and cargo trucks. The startup is distinguished by its technical expertise and ability to address persistent issues like charging problems and state of health (SOH) of batteries in commercial electric vehicles. Fitin achieves this through its distinctive battery swap technology, allowing the seamless replacement of depleted batteries with fully charged ones. In September 2023, Fitin secured a significant KRW2.00B investment in a Seed Round from prominent investors Schmidt and Daesung Investment. This investment not only validates the potential of Fitin's innovative approach but also provides the necessary capital to drive its expansion and development efforts. As the demand for sustainable transportation solutions continues to grow, Fitin is well-positioned to capitalize on this market opportunity with its unique value proposition in the field of electric vehicle battery replacement.

Business keywords: electric vehicles, battery replacement, subscription service, commercial transportation, battery swap technology, innovation, technological prowess, charging infrastructure, fleet management, logistics optimization

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round KRW2.00B 2
Schmidt
Schmidt, Daesung Investment
20 Sep 2023

Fitin Alternatives & Competitors

View All Alternatives
Fitin vs
SUN Mobility
SUN Mobility India

Making Electric Vehicles (EVs) accessible and affordable for all.

Corporate Round
888 employees
Energy, Transportation
Fitin vs
WattEV, Inc.
WattEV, Inc. United States

Leading the charge in zero-emission heavy-duty transport.

43 employees
Transportation
Fitin vs
The SHADO Group
The SHADO Group Singapore

The Singapore- and India-based company that provides Electric Vehicle technology and charging infras...

Seed
6 employees
Transportation, Energy Storage
View all alternatives

FAQ About Fitin

Empowering seamless battery replacement for commercial electric vehicles with innovative swap technology.
Fitin was founded in 2023.
Fitin operates in Transportation. Its work centres on electric vehicles, battery replacement, subscription service and commercial transportation.
Fitin has completed 1 funding round, raising a total of $2.00B. The latest funding stage is Seed.
Top alternatives and competitors to Fitin include SUN Mobility, WattEV, Inc., The SHADO Group, Motiv Electric Trucks, Meredot - EV Wireless Charging. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Fitin and SUN Mobility are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Fitin, https://bouncewatch.com/company/fitin, updated 26 December 2024. When citing, please name BounceWatch and link this page.

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