SWAT Mobility, a top supplier of AI-powered car routing systems, raised a total of US$7.2 million. With this financing, SWAT will be able to further consolidate its position in the mobility sector of the region.
The money will also be utilized to increase their R&D expenditures for logistics solutions, strengthening our position in this important industry.
New investors from prestigious Japanese companies have joined this funding round, including Chubu Electric Power, a top utility company in Japan, NX Global Innovation Fund connected to Tokyo-based Nippon Express, and NEC & Translink Orchestrating Future Fund, which is managed by Translink Capital in the US and NEC Corporation in Japan.
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In addition, Goldbell Investments, iGlobe Partners, and UTEC have become additional partners, joining IMC Venture, the corporate venture of IMC Industrial Group and G.K. Goh Group. The involvement of these fresh financiers highlights the widespread endorsement of SWAT’s inventive transportation technology strategy.
“This investment marks a pivotal moment for SWAT Mobility as we expand our reach and enhance our AI-powered platform. With the support of our investors, we are well-positioned to drive the future of mobility in the transportation and logistics sectors, particularly in Japan. Our goal is to offer efficient and sustainable solutions that address the evolving needs of these sectors” said Jarrold Ong, CEO & Co-Founder of SWAT Mobility.
SWAT entered the Japanese market in 2020 and has since completed projects in more than 50 regions, offering data analysis and on-demand transportation solutions to transportation operators and local governments around the country.
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Due to the surge in the transportation industry’s need for smart mobility services and the logistics industry’s quick adoption of delivery optimisation systems, SWAT has expanded its team in Japan to include members with expertise in engineering, sales, and service delivery. Route optimization solutions are expected to become more important in the trucking industry as a result of the impending stricter labor restrictions in Japan that will take effect in April 2024.
The company’s attempts to offer creative and sustainable mobility solutions for Asian cities would be aided by this most recent funding round. Since there is a growing need for next-generation dispatch management and route planning systems in Southeast Asia, SWAT is devoted to growing and strengthening our footprint in the region.
About SWAT Mobility
The AI-powered platform from SWAT Mobility is revolutionizing urban transportation by making it possible to plan and optimize routes for delivery and transportation services in an effective manner.
