Swan raises EUR 37 million in a Series B funding round
Date: October 22, 2023
Swan, a leading technology startup focused on disrupting the transportation industry, has announced a successful Series B funding round, raising an impressive EUR 37 million.
The funding round was led by Venture Capital Fund, an investment firm renowned for its track record in supporting innovative startups. Several other prominent investors including XYZ Ventures and ABC Capital also participated in the round.
Swan plans to utilize the funds to fuel its aggressive expansion strategy. The company aims to further develop its innovative ride-sharing platform, strengthen its operational capabilities, and expand into new markets.
“We are immensely grateful for the support and confidence shown by our investors,” said John Doe, CEO of Swan. “This funding will enable us to accelerate our mission of transforming urban transportation and providing convenient, sustainable, and affordable mobility options to millions of users worldwide.”
Swan’s ride-sharing platform, available via a feature-rich mobile app, offers a unique blend of convenience, safety, and reliability. With a user-friendly interface and advanced technology, Swan has quickly gained popularity among commuters looking for an alternative to traditional transportation services.
The company’s commitment to sustainability and reducing carbon emissions has also resonated with environmentally conscious individuals and organizations. Swan emphasizes the use of electric and hybrid vehicles in its fleet, contributing to the fight against climate change.
Since its launch in 2019, Swan has experienced exponential growth and achieved significant milestones, including partnerships with major automobile manufacturers and the establishment of operations in multiple cities across Europe.
Industry analysts predict that Swan’s revolutionary approach to transportation will continue to disrupt the market, attracting more users and investors alike.
About Swan:
Swan is a technology startup founded in 2019 and headquartered in Amsterdam, the Netherlands. The company is dedicated to revolutionizing urban transportation by providing an innovative ride-sharing platform focused on convenience, safety, and sustainability.
For more information, please visit www.swanride.com.