PitchIT No. 14 - SWITCH
This edition covers SWITCH: a startup using cutting-edge analytics to bring micro-mobility into the future.
Hello! I’m Alessio from Ulixes Capital Partners and this is PitchIT. In this issue, we'll be taking a look at SWITCH: a startup providing actionable insights to mobility companies and city governments by condensing millions of urban mobility datapoints from bikes, scooters, and more through a cutting-edge analytics platform.
In a sentence:
An AI-powered platform set to transform urban mobility and logistics by predicting demand, optimizing fleet distribution, and simplifying operations with unprecedented accuracy and efficiency (check out their demo at this LINK).
Problem:
Urban mobility and logistics companies face significant challenges in fleet distribution and maintenance, since the systems they use internally fail to provide them with the data and actionable insights they need to effectively manage their operations. Additionally, city governments struggle to obtain and analyze the data they need from these companies.
Solution:
SWITCH is an AI-powered platform for urban mobility and logistics companies. It uses advanced algorithms to generate synthetic data with up to 92% accuracy. This data helps with predicting demand, optimizing fleet distribution, and supporting strategic planning.
Why now?
Both the urban mobility and logistics markets are rapidly expanding. While these markets are on the rise, the technological infrastructure that underpins them is falling behind. With both cities and operators facing the challenges of efficiency and sustainability, SWITCH's AI-driven solution is perfectly positioned to help overcome these pressing issues.
Market:
By the end of this year, a projected 40 million shared mobility vehicles will be operational worldwide, which has only continued to grow over time. Considering SWITCH’s revenue model, this market represents an opportunity of over €1B of potential annual revenue.
Business model:
SWITCH uses a SaaS model, charging mobility clients a monthly, per-vehicle fee which provides access to advanced analytics for demand prediction, scenario planning, and operational optimization.
Team:
Matteo Forte, CEO and Co-Founder: Matteo is a serial entrepreneur, with previous experience as CEO of ADPM Drones. He was honored as a "Young Transatlantic Innovation Leader" (YTILI) by the U.S. Department of State, and since 2022, he has been a Board Member of the YTILI Alumni Organization. He holds Executive Master's in "IoT and Industry 4.0 Management" from LUISS Business School and is a Global Executive MBA Candidate at H-FARM.
Nunzio Gianfelice, CTO and Co-Founder: Previously, Nunzio gained experience through roles in a variety of startups, including Chief HR & Happiness Officer at Apuliasoft SRL, Team Leader at Aulab SRL, Project Manager for MIUR, and freelance web developer. He holds a Master's in Computer Science from Università degli Studi di Bari.
Alessandro Ciociola, Chief Data Scientist: Previously, Alessandro was a Graduate Research Fellow at Politecnico di Torino, and specialized in mobility and transport systems analysis and simulation. He holds an MSc in ICT for Smart Societies from Politecnico di Torino.
Eugenio Doglione, Chief Customer Officer: Previously, Eugenio worked in various roles within geotechnical engineering, with expertise in geospatial analytics, climate science, and civil engineering. He holds an MBA from Politecnico di Milano and an MSc in Geomechanic Civil Engineering and Risk from Université Grenoble Alpes.
Traction/Achievements:
Managing over 13,000 vehicles across >10 cities in trials and PoCs.
Accelerated by Berkeley Skydeck Europe, Magic Spectrum, and EIT Urban Mobility (E+ Mobility).
Generated €90K of revenue in 2023, from PoCs and custom SW development.
Raised 60% in commitments on upcoming €450K round of investment.
Basic info:
Company Name: SWITCH S.r.l.
Founding Date: February 2020, pivot in late 2021
Headquarters: Rome, Italy
P.IVA: IT15631241005
Employee Count: 6 FTE, 4 PTE
Past Investors: MobilityUP, Berkeley Skydeck Europe, Magic Spectrum
Stage: Pre-Seed in progress
Contact info:
For more information about SWITCH, please reach out to Matteo:
Email: m.forte@getswitch.io
LinkedIn: https://www.linkedin.com/in/matteoforte/
Website: www.getswitch.io
SWITCH’s LinkedIn: https://www.linkedin.com/company/14072408
If you’d like to get in contact with us, please feel free to leave a comment or send us an email at pitchit@substack.com
To founders: if you’d like to be considered for a future issue of PitchIT, please feel free to send an email to pitchit@substack.com with a brief description of your startup. Also, if you’re looking to fundraise and you fit within Ulixes Capital Partners’ investment thesis, feel free to fill out an application here.