About Addax Motors
Addax Motors is a company based in Deerlijk (Belgium) founded in 2015.. Addax Motors has raised $11.53 million across 2 funding rounds from investors including SFPIM and Resultance. The company has 25 employees as of December 31, 2022. Addax Motors offers products and services including Hydraulische Tipper, Afvalcontainer, Cargo, and Koelwagen. Addax Motors operates in a competitive market with competitors including Ayro, Waev, evTS, Phoenix Motorcars and ANTRIC, among others.
- Headquarter Deerlijk, Belgium
- Employees 25 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Addax Motors
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Annual Revenue
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Net Profit
$-4.16 M (USD)-35as on Dec 31, 2022
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EBITDA
$-4.2 M (USD)-40as on Dec 31, 2022
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Total Equity Funding
$11.53 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
Nov 27, 2020
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Investors
SFPIM
& 1 more
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Employee Count
25
as on Dec 31, 2022
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Products & Services of Addax Motors
Addax Motors offers a comprehensive portfolio of products and services, including Hydraulische Tipper, Afvalcontainer, Cargo, and Koelwagen. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electric vehicle for hydraulic tipping in waste and cargo transport.
Vehicle designed for waste collection and management in urban areas.
Electric cargo van for industrial and delivery applications.
Refrigerated vehicle for temperature-sensitive transport needs.
Funding Insights of Addax Motors
Addax Motors has successfully raised a total of $11.53M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.0M
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First Round
First Round
(27 Nov 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series A - Addax Motors | Valuation | SFPI | |
| Nov, 2020 | Amount | Seed - Addax Motors | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Addax Motors
Addax Motors has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include SFPIM and Resultance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity is directed toward private and public companies.
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Founded Year | Domain | Location | |
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Offers comprehensive diversified management consulting services for business growth.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Addax Motors
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Addax Motors
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Addax Motors Comparisons
Competitors of Addax Motors
Addax Motors operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ayro, Waev, evTS, Phoenix Motorcars and ANTRIC, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric utility vehicles are manufactured for various sectors by Ayro.
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| domain | founded_year | HQ Location |
Blockchain platform for secure data storage and sharing is offered.
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| domain | founded_year | HQ Location |
Manufacturer of commercial utility vehicles and cloud-enabled fleet management solutions
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| domain | founded_year | HQ Location |
Light and medium-duty electric vehicles are developed for commercial fleets.
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| domain | founded_year | HQ Location |
Electric cargo utility vehicles are manufactured for delivery applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Addax Motors
When was Addax Motors founded?
Addax Motors was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Addax Motors located?
Addax Motors is headquartered in Deerlijk, Belgium. It is registered at Deerlijk, West-vlaanderen, Belgium.
Is Addax Motors a funded company?
Addax Motors is a funded company, having raised a total of $11.53M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9.53M, raised on Nov 27, 2020.
How many employees does Addax Motors have?
As of Dec 31, 2022, the latest employee count at Addax Motors is 25.
What does Addax Motors do?
Addax Motors was founded in 2015 in Deerlijk, Belgium, within the electric vehicle sector. Models such as MT15N, MT10, and MT15 are produced, equipped with lithium-ion batteries, 1000 kg payload capacity, and central locking systems. Operations target cities and municipalities, industrial and facility management, last-mile delivery, and postal services across relevant geographies.
Who are the top competitors of Addax Motors?
Addax Motors's top competitors include Ayro, MOKE International and Phoenix Motorcars.
What products or services does Addax Motors offer?
Addax Motors offers Hydraulische Tipper, Afvalcontainer, Cargo, and Koelwagen.
Who are Addax Motors's investors?
Addax Motors has 2 investors. Key investors include SFPIM, and Resultance.
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