Scewo AG, a pioneering Swiss technology company known for its stair-climbing electric wheelchair Scewo BRO, secured an investment led by Germany-based RSBG Ventures. The Series A extension funding will be strategically deployed to drive Scewo AG towards profitability and pave the way for the US entry.
As a testament to Scewo AG's growth, the company entered the French market in Q4 2023, generating its first revenues. Scewo AG is actively pursuing the reimbursement process in France, showcasing its commitment to making its innovative mobility solutions accessible to individuals worldwide. The Series A funding enables the Winterthur-based start-up to expand to the USA. Reaching FDA compliance is the first step on entering the biggest market for high-end electric wheelchairs.
In conjunction with this funding announcement, Scewo AG is pleased to welcome distinguished individuals to its board. Dr. Klaus Lesker, CEO of RSBG, Reto Zürcher, CEO of HB-Therm, and Willi Miesch, med-tech entrepreneur and Co-founder of Medartis, will contribute their expertise to guide Scewo AG through its next phase of growth.
RSBG Ventures' decision to lead the investment round underscores their belief in Scewo AG's potential and aligns with the company's strategic vision. "We are pleased to support Scewo AG in their mission to create inclusive solutions that empower individuals with disabilities," said Dr. Klaus Lesker at RSBG. "Scewo's commitment to innovation and quality aligns seamlessly with our investment philosophy, and we look forward to a successful partnership."
Bernhard Winter, CEO & Co-Founder at Scewo AG, adds: "This funding represents a significant milestone for Scewo AG as we continue our journey to revolutionise the accessibility landscape with Scewo BRO."
(Press release / SK)
Please login or sign up to comment.
Commenting guidelines