The funding includes backing from Equity Gap, SIS Ventures, Alba Equity, the Scottish Investment Bank and Innovate UK.
"This is such an important milestone for Trojan Energy. Ever since we started this business, we have wanted to ensure that the benefits of the low carbon transition can be realised by everyone and not just those with a driveway. With this investment, our vision has moved a step closer. The rewards for our customers and our planet will be massive and prove the point that a big idea and great engineering can change the world."
The car subscription platform has raised capital from the Development Bank of Wales, US investors, and UK angels to accelerate growth.
"The Development Bank of Wales is a major part of the landscape of assistance we are able to offer businesses and has swiftly become one of the largest equity investors in the UK."
Smedvig Capital and MMC Ventures led the Series E round to expand the company's ticketing software and mobility partnerships.
"With over 85 million journeys enabled by the Justride platform in 2018 and partnerships with some of the biggest names in mobility, Masabi is already a category leader and the opportunities for global growth are significant,"
The round was backed by InMotion, BMW i Ventures, and Porsche Ventures.
"We are truly gratified by the support of our investors, including some of the world's top global automotive brands, as we work to define the future of mobility and roadside assistance experience customers demand and deserve,"
Startup Funding Club led the £800k round with participation from multiple syndicates and funds to target the European market.
"We were ultimately impressed by the technology and the high quality team around Oliver Montague. There is a gap in the market for an affordable, easy to use eBike kit, and Swytch’s technology and its speed of innovation is the perfect match for SFC’s wider portfolio to invest in the future of urban mobility. We are very pleased to close this £800k investment round alongside our great co-investment partners."
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