SWAT Mobility, a Singapore-based provider of artificial intelligence (AI)-powered vehicle routing solutions, has secured a total funding of $7.2 million in the latest round.

SWAT Mobility said in a statement on Tuesday that this investment will fuel its expansion efforts across Asia, further solidifying its position in the region’s mobility sector.

Additionally, the funding will be used to further invest in research and development (R&D) for its logistics solutions, enhancing its capabilities in this crucial sector.

According to the statement, this funding round includes new investors from Japanese firms, including NEC & Translink Orchestrating Future Fund, managed by Translink Capital in the United States and NEC Corporation in Japan, NX Global Innovation Fund affiliated with Tokyo-based Nippon Express, and Chubu Electric Power, a Japanese utility firm.

Additionally, IMC Venture, the corporate venture of IMC Industrial Group and G.K. Goh Group, have joined as new investors, alongside existing investors Goldbell Investments, iGlobe Partners and UTEC.

SWAT Mobility opined that the participation of these new investors underscores the broad support for its innovative approach to transportation technology.

“This investment marks a pivotal moment for SWAT Mobility as we expand our reach and enhance our AI-powered platform,” said Jarrold Ong, Chief Executive Officer and Co-Founder of SWAT Mobility.

“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,” he added.

It is noted that since entering the Japanese market in 2020, SWAT Mobility has implemented projects in over 50 regions, providing on-demand transport solutions and data analysis solutions to local government and transport operators nationwide.

With the increase in demand for smart mobility services in the transportation sector and rapid adoption of delivery optimization systems in the logistics sector, the firm has established a growing team in Japan with roles such as engineering, sales, and service delivery.

As Japan’s labor regulations for truck drivers are set to become more stringent starting in April 2024, SWAT Mobility foresees a heightened need for route optimization solutions in the sector.

SWAT Mobility is an AI routing technology firm in Southeast Asia and Japan, specializing in resolving vehicle routing challenges.

The company offers demand-responsive transportation solutions for the mobility industry and route optimization for the logistics industry to enhance overall efficiency by optimizing transportation and delivery services.

Its AI-powered platform revolutionizes urban transportation by enabling efficient route planning and optimization for transport and delivery services.

According to the statement, this latest funding round will further propel the company’s efforts to provide innovative and sustainable mobility solutions for cities across Asia.

The firm said it remains committed to expanding and deepening our presence in Asia, especially in the Southeast Asia region, where the demand for next-generation route planning and dispatch management systems is on the rise.

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