Fitin

Fitin, a transportation startup founded in 2023, aims to revolutionize battery replacement for commercial electric vehicles. The company's slogan, "Empowering seamless battery replacement for commercial electric vehicles with innovative swap technology," encapsulates its core offering. Fitin offers a subscription service model for battery replacements in vehicles such as taxis and cargo trucks. The startup is distinguished by its technical expertise and ability to address persistent issues like charging problems and state of health (SOH) of batteries in commercial electric vehicles. Fitin achieves this through its distinctive battery swap technology, allowing the seamless replacement of depleted batteries with fully charged ones. In September 2023, Fitin secured a significant KRW2.00B investment in a Seed Round from prominent investors Schmidt and Daesung Investment. This investment not only validates the potential of Fitin's innovative approach but also provides the necessary capital to drive its expansion and development efforts. As the demand for sustainable transportation solutions continues to grow, Fitin is well-positioned to capitalize on this market opportunity with its unique value proposition in the field of electric vehicle battery replacement.