Svitch Motocorp has closed a ₹480 crore (~$57 million) Series B funding round, valuing the Ahmedabad-based electric two-wheeler maker at ₹1,200 crore post-money.
The round was led by a consortium of EV-focused growth investors and saw participation from Svitch's existing Series A backers. Proceeds will fund the company's expansion to 1,000 dealers and the launch of the next-generation CSR platform.
Use Of Funds
Roughly 45% of the raise will go into manufacturing capacity at the Ahmedabad facility — taking annual output from 60,000 to 1,80,000 units. The balance funds dealer expansion, charging infrastructure, and the CSR-Sport development programme.
“This round gives us the runway to take Svitch from a beloved Indian EV brand to a national category leader. Our investors share our long-term vision.”
— Founder & CEO, Svitch Motocorp
What's Next
The company expects to break even at the unit-economics level by Q3 FY26 and is targeting EBITDA profitability by FY27. A Series C round is tentatively planned for late 2026 ahead of an eventual public-market listing.
Media Contact
Press Office, Svitch Motocorp
hello@svitch.bike · +91 63512 72002