PIT IN advances Series A for commercial EV battery swapping
The company has secured investor backing while the final payment in its Series A remains pending.
PIT IN had secured part of its Series A by April 10, 2026, according to reporting subsequently republished by the company. Its October update said most investment payments had been completed, with a final KRW1 billion expected later that month toward the KRW12 billion round.
Backers include Hyundai's ZER01NE platform, Korea Asset Investment Securities, Korea Credit Guarantee Fund and Nautilus Investment. PIT IN is expanding battery-swapping infrastructure for commercial electric vehicles and developing automation and software to manage station batteries as distributed energy resources.
Use of funds
Build battery-swapping stations
Develop swapping automation
Develop AI operations and energy management