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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Addax Motors
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Annual Revenue
Not available
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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.
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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Private equity is directed toward private and public companies.
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Offers comprehensive diversified management consulting services for business growth.
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Investor details for Addax Motors
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Investments & Acquisitions by Addax Motors
Investment portfolio details for Addax Motors
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Financial Statements - Addax Motors
Detailed financials for Addax Motors
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Addax Motors Comparisons
Peer comparison for Addax Motors
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Electric utility vehicles are manufactured for various sectors by Ayro.
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Blockchain platform for secure data storage and sharing is offered.
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Manufacturer of commercial utility vehicles and cloud-enabled fleet management solutions
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| Locked | Locked | Locked |
Light and medium-duty electric vehicles are developed for commercial fleets.
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| Locked | Locked | Locked |
Electric cargo utility vehicles are manufactured for delivery applications.
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Detailed competitors of Addax Motors
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Latest news on Addax Motors
Complete news archive for Addax Motors
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Frequently Asked Questions about Addax Motors
Addax Motors was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Addax Motors is headquartered in Deerlijk, Belgium. It is registered at Deerlijk, West-vlaanderen, Belgium.
Addax Motors is a funded company, having raised a total of $11.53M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Addax Motors is 25.
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.
Addax Motors's top competitors include Ayro, MOKE International and Phoenix Motorcars.
Addax Motors offers Hydraulische Tipper, Afvalcontainer, Cargo, and Koelwagen.
Addax Motors has 2 investors. Key investors include SFPIM, and Resultance.