Swap Energi is an Indonesian e-mobility startup that runs Southeast Asia's largest battery-swapping network for electric motorcycles. Instead of waiting to charge, riders exchange a depleted portable lithium-ion battery for a fully charged one at more than 1,500 stations - a process that takes roughly nine seconds. The company pairs this energy network with its own SMOOT smart electric motorcycles and a rider app, and has raised about US$29 million to electrify Indonesia's fleet of over 125 million two-wheelers.
Matter is an Ahmedabad-based deep-tech mobility and energy company best known for the Aera, India's first geared electric motorcycle. Founded in 2019 by Mohal Lalbhai and a team of engineers, Matter designs and manufactures connected electric two-wheelers with a four-speed manual gearbox and liquid-cooled lithium-ion battery packs, alongside a separate line of stationary and mobility energy-storage products. The company runs its own next-generation factory in the Ahmedabad region and has raised tens of millions in venture funding to scale production of vertically integrated, India-specific EVs.
Element Energy is a Menlo Park battery management company that uses semiconductor-grade hardware, software, and cell-level controls to extend battery life, prevent fires, and give retired EV batteries a second career on the grid.