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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.

Taxonomy: 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 •••••• 2
Investor
•••• •••• 		20 Sep 2023

Fitin Alternatives & Competitors

Fitin vs
Popion Mobility
Popion Mobility United States

A Battery Exchange Energy Platform for medium/heavy-duty commercial EVs

Pre Seed
2 employees
Renewable Energy, Transportation
Fitin vs
Microvast
Microvast United States

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Compare Fitin vs Microvast
Fitin vs
OXIS Energy Ltd
OXIS Energy Ltd United Kingdom

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13 employees
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FAQ About Fitin

Empowering seamless battery replacement for commercial electric vehicles with innovative swap technology.
Fitin was founded in 2023.
Fitin operates in the following industries: 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 Popion Mobility, Microvast, OXIS Energy Ltd, FiKA, Enerjazz (YC S21). These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Fitin and Popion 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.

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