The global electric motorcycle battery swapping cabinet market is experiencing rapid growth. According to industry research, the global two-wheeler battery swap cabinet market was valued at approximately $146 million in 2024 and is projected to reach $248 million by 2031, with a CAGR of 7.9%. The global electric motorcycle battery exchange service market reached approximately $144 million in 2025 and is expected to grow to $186 million by 2032. The broader battery swapping market (including automotive) was valued at $1.46 billion in 2025 and is projected to reach $22.72 billion by 2035, with a remarkable CAGR of 31.5%.
Electric motorcycle battery swapping cabinets—intelligent devices that allow riders to exchange depleted batteries for fully charged ones in seconds—are revolutionizing urban mobility and last-mile logistics. Whether for food delivery, courier services, or daily commuting, swap cabinets are becoming the infrastructure backbone for two-wheeler energy replenishment.
This article ranks the top 10 global brands in electric motorcycle battery swapping cabinets, helping you understand the industry landscape and identify reliable swap solution partners（The following rankings are not in any particular order）.
- Spiro – Africa’s Largest Electric Mobility Operator
- Gogoro – The Global Benchmark for Light Electric Vehicle Swapping
- VinFast – Vietnam’s Leading Electric Mobility Brand
- Ampersand Energy – Africa’s E-Mobility Pioneer
- Battery Smart – India’s Largest Light EV Swapping Network
- Grab – Southeast Asia’s Super App & E-Mobility Pioneer
- Vammo – Latin America’s Rising E-Mobility Force
- SRE POWER – Global Leader in Full-Stack Charging & Swapping Solutions
- China Tower – The World’s Largest Two-Wheeler Swap Operator
- Hello Inc. – China’s Leading Two-Wheeler Mobility & Swap Platform
_______________________________________________________________________
1. Spiro – Africa’s Largest Electric Mobility Operator
Headquarters location：Kenya
Core advantages：Africa’s Largest Swap Network │ 100,000+ E-Motorcycles │ 2,500+ Swap Stations
Founded in 2022 by Gagan Gupta, Spiro is Africa’s largest electric mobility company. The company operates across seven African countries—Kenya, Rwanda, Uganda, Togo, Benin, Nigeria, and Cameroon—having deployed over 100,000 electric motorcycles, built over 2,500 smart swap stations, and completed over 30 million battery swaps, with daily swaps approaching 100,000 and a monthly growth rate of approximately 15%.
Spiro’s core model is “battery-as-a-service”—separating battery ownership from motorcycle ownership, allowing riders to swap depleted batteries for fully charged ones in minutes. The company has raised over $420 million in funding, with a valuation approaching $1 billion, and plans to expand into the Democratic Republic of Congo and Ethiopia.
Spiro’s swapping equipment and systems are exclusively supplied by SRE POWER, together building Africa’s leading charging and swapping energy network.
2. Gogoro – The Global Benchmark for Light Electric Vehicle Swapping
Headquarters location：Taiwan, China
Core advantages：Largest Network │ AI Cloud Platform │ Global Ecosystem
Founded in 2011, Gogoro is the recognized global leader in light electric vehicle battery swapping. In Guidehouse Insights’ 2026 evaluation of 14 leading battery swap systems worldwide, Gogoro ranked first with a score of 88.1—the only brand to score near 90.
Gogoro has established 2,700 GoStations in Taiwan, serving over 650,000 scooter owners with 370,000 daily swaps. The Gogoro Network leverages an AI-driven cloud platform, delivering stable, intelligent, and efficient energy replenishment through big data analytics and artificial intelligence.
Gogoro is actively building partnerships with Hero MotoCorp in India, China’s Dachangjiang Group, and Yadea Technology Group to drive global expansion of its swap network.
Website Addres：www.gogoro.com
3. VinFast – Vietnam’s Leading Electric Mobility Brand
Headquarters location：Hai Phong, Vietnam
Core advantages：Vietnam’s Largest E-Mobility Brand | 150,000 Swap Station Plan | Vingroup Subsidiary
Founded in 2017 and a subsidiary of Vingroup, Vietnam’s largest private conglomerate, VinFast is headquartered in Hai Phong, Vietnam. The company operates a state-of-the-art 335-hectare smart factory with 90% automation. In 2021, VinFast announced its full pivot to electric vehicle manufacturing, becoming Southeast Asia’s first automaker focused exclusively on electric mobility.
In the electric motorcycle swapping space, VinFast is aggressively expanding its swap infrastructure through its energy subsidiary V-Green. The company announced plans to deploy 150,000 battery swap kiosks nationwide within three years, with the first 1,000 units launched in October 2025 and a target of 50,000 stations by the end of 2025—exceeding the total number of gas stations in Vietnam (approximately 13,000).
VinFast’s swap system operates 24/7, with battery replacement taking less than 90 seconds—far faster than traditional 4-6 hour slow charging and comparable to refueling a gasoline motorcycle. Its swappable models like the Evo Grand use a 1.5kWh battery module with up to 85km range, at a swap fee of just 9,000 VND (approximately 2.6 RMB) per swap, significantly cheaper than equivalent gasoline motorcycle refueling costs (25,000-30,000 VND). V-Green has also partnered with The Gioi Dien May, Vietnam’s largest consumer electronics retailer, to install 1,860 swap stations across its nationwide store network.
Website Addres：www.vinfastauto.com
4. Ampersand Energy – Africa’s E-Mobility Pioneer
Headquarters location：Rwanda/Kenya
Core advantages：African Market Leadership │ Open Swap Network │ Commercial Fleet Operations
Ampersand Energy is Africa’s first electric transport energy company, operating the continent’s largest commercial e-motorcycle fleet and battery swap network in Rwanda and Kenya. The company operates approximately 70 charging and swap stations, completing over 20,000 daily battery swaps with a fleet covering more than 900,000 km per day.
In December 2025, Ampersand announced it would open its swap network to global electric motorcycle manufacturers—the first African e-mobility company to do so. The company plans to partner with BYD to manufacture approximately 40,000 electric motorcycles by the end of 2026.
Website Addres：www.ampersand.energy
5. Battery Smart – India’s Largest Light EV Swapping Network
Headquarters location：India
Core advantages：India’s Largest Network │ Ultra-Fast Swapping │ BaaS Model
Battery Smart is India’s largest light electric vehicle battery swapping network operator, focusing on two-wheeler and three-wheeler markets. The company operates a Battery-as-a-Service (BaaS) model, allowing drivers to access swap services without purchasing batteries—significantly lowering the barrier to EV adoption.
In June 2024, Battery Smart partnered with Indian EV retail chain ElectroRide to build swap stations at 2,500 locations across India over the next five years. The network covers multiple major Indian cities, providing energy security for hundreds of thousands of electric two- and three-wheelers.
Website Addres：www.batterysmart.in
6、Grab – Southeast Asia’s Super App & E-Mobility Pioneer
Headquarters location：Singapore
Core advantages：Southeast Asia’s Largest Super App | 12 Countries | GrabGreen E-Mobility Strategy
Grab was founded in 2012 and is headquartered in Singapore. It is Southeast Asia’s leading super app platform, operating across 12 countries and regions including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines, Brunei, Myanmar, Cambodia, Laos, and others. Grab offers a diverse range of services including ride-hailing, food delivery, digital payments (GrabPay), and express logistics, serving over 140 million monthly active users and processing more than 20 million daily orders.In the electric mobility space, Grab launched its GrabGreen initiative in 2022, aiming to achieve 100% electric mobility by 2030. The company partners with multiple electric motorcycle manufacturers and battery swap service providers to deploy electric motorcycles and swapping infrastructure across major Southeast Asian cities, driving the green transition of ride-hailing and food delivery services. As of 2025, Grab has deployed over 500,000 electric motorcycles across Southeast Asia and plans to increase its electric mobility share to 100% by 2030.
Website Addres：www.grab.com
7. Vammo – Latin America’s Rising E-Mobility Force
Headquarters location：Brazil
Core advantages：First-Mover in Latin America │ Swap Network Development │ Localized Operations
Vammo is a rapidly growing electric motorcycle swap brand in Latin America, focusing on Brazil and other regional markets. Vammo operates an integrated model combining swap stations, electric motorcycles, and a software platform, delivering complete e-mobility solutions for delivery riders and logistics personnel.
With deep understanding of Latin America’s unique market needs and localized operations, Vammo is rapidly expanding its swap network across the region.
Website Addres：www.vammo.com
8. SRE POWER – Global Leader in Full-Stack Charging & Swapping Solutions
Headquarters location：Shanghai, China
Core advantages：Full-Stack R&D │ Global Footprint │ Automotive-Grade Manufacturing
Founded in 2014, SRE POWER (Shanghai SRE Electric Co., Ltd.) is a global leader in power electronics and smart new energy charging and swapping solutions. The company operates three R&D centers in Shanghai, Shenzhen, and Xi’an, a 50,000‡ smart manufacturing base in Dongguan, a wholly-owned factory in Malaysia, and three joint venture factories in Rwanda, Kenya, and Uganda.
SRE POWER’s core competitive advantage lies in its full-stack R&D capability—from power electronics modules, BMS, VCU, and IoT to swap cabinet hardware, cloud platforms, and user apps, everything is independently developed and controlled. The swap cabinets support 48V, 60V, and 72V multi-voltage platforms, available in 5-slot, 8-slot, and 12-slot configurations, serving everything from two-wheelers to four-wheelers. SRE POWER’s self-developed intelligent connectivity platform transforms charging and swapping from an “equipment business” into a “scalable, replicable, and sustainable energy service platform”.
Flagship Project: SRE POWER is the exclusive equipment and system supplier for Spiro, Africa’s largest electric mobility company, helping build Africa’s leading charging and swapping energy network. SRE POWER’s products have been deployed in 50+ countries and regions worldwide.
Website Addres：www.sre-power.com
9. China Tower – The World’s Largest Two-Wheeler Swap Operator
Headquarters location：Beijing, China
Core advantages：World’s Largest Swap Network │ State-Owned Enterprise │ 57,000+ Swap Cabinets
China Tower is the world’s largest two-wheeler electric vehicle battery swap operator, with a market share exceeding 50%. The company has been building its swap business since 2019, focusing on delivery and courier scenarios, creating a self-service swap and unlimited range service system.
By the end of 2022, China Tower had accumulated approximately 902,000 swap users, operated in over 280 cities, and deployed 57,000 swap cabinets. Leveraging its nationwide base station resources, the company has built a large-scale swap network, launching the “Tower Swap” service that allows users to swap batteries via APP in seconds.
China Tower also partners with leading light EV manufacturers to customize delivery vehicles, providing integrated “vehicle + battery swap” services for delivery riders. The company has established over 600 “Rider Homes” nationwide, offering one-stop services including smart swapping, vehicle rental, and after-sales maintenance. In 2026, the company released the “QZTT 2503-2023 Technical Requirements and Testing Specifications for Three-Wheel/Two-Wheel Electric Vehicle Smart Swap Cabinets V4.0,” further enhancing swap cabinet safety.
Website Addres：www.china-tower.com
10. Hello Inc. – China’s Leading Two-Wheeler Mobility & Swap Platform
Headquarters location：Shanghai, China
Core advantages：Largest Mobility Platform │ Swap Network Scale │ Ecosystem Synergy
Hello Inc. is China’s leading two-wheeler mobility platform and swap service provider. In Guidehouse Insights’ evaluation, Hello ranked third with a score of 72.8.
Hello Swap leverages Hello’s massive two-wheeler mobility ecosystem, building a swap network covering major Chinese cities. The company offers integrated solutions including intelligent swap cabinets, standardized swap batteries, IoT cloud platforms, and user apps, with extensive coverage among delivery riders and logistics personnel.
Website Addres：https://hellobike.com/
Industry Outlook
With accelerating global electrification and tightening carbon emission regulations, the electric motorcycle swap cabinet market is entering an unprecedented growth phase. The global battery swapping market is projected to reach $227.2 billion by 2035.
When selecting a swap solution provider, focus on these key dimensions:
- Technical Capability: Does the provider have full-stack R&D from hardware to software?
- Global Experience: Does the provider have cross-regional project implementation and localization experience?
- Safety Certifications: Are products certified with CE, UL, and other international standards?
- Proven Cases: Are there large-scale, verifiable success stories?
- Service Capability: Does the provider offer full-cycle support from solution design to after-sales maintenance?
The top 10 brands above each bring unique strengths in technology, market presence, and product reliability—representing the leading edge of the global electric motorcycle battery swapping cabinet industry.
