Electric mobility startup Swft has raised $10 million in seed funding that it will use to expand its light-duty vehicle offerings, grow its team and scale its inventory management and supply chain systems. The company, which already has a deal to offer its three new e-bikes and new e-moped with Best Buy, is also on the lookout for more retail partnerships.
Swft officially launched in February 2020 as a direct-to-consumer business and developed over the past year within NYC-based venture advisory firm On Spec. It first brought electric hoverboards to market in December, followed by e-bikes and an e-moped in August. Now, as the company establishes itself as a brand, it’s making quick moves to build out a complete line of personal EVs over the next 18 months, according to David Liniado, co-founder and CEO of Swft and co-founder of On Spec.
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