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. 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
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website addaxmotors.com
- Social LinkedIn X Facebook
- Legal Name Addax Motors
- Net Profit-$4.16 M (USD)-35as on Dec 31, 2022
- EBITDA-$4.2 M (USD)-40as on Dec 31, 2022
- Total Equity Funding$11.53M (USD)
in 2 rounds
- Latest Funding Round$2M (USD), Seed
Nov 2020
- InvestorsSFPIM
& 1 more
- Employee Count25
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.
- Total Funding $11.53M
- Total Rounds 2
- Last Round Seed — $2M
- First Round $9.53M
(Nov 2020)
- Investors Count 2
All 2 funding rounds of Addax Motors with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2020 | $9.53M | Series A | – | SFPI | |
| Nov 2020 | $2M | Seed | – | – | – |
2 investors in total: 2 institutional.
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 |
|---|---|---|---|---|
Private equity is directed toward private and public companies. | – | sfpi-fpim.be | Brussels, Belgium | |
Offers comprehensive diversified management consulting services for business growth. | 2002 | resultance.eu | Strassen, Luxembourg |
Investor details for Addax Motors
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Timeline of Addax Motors
2 dated milestones of Addax Motors across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Addax Motors is founded.
- Funding First funding round of $9.5M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ayro.com | 2017 | Round Rock, United States | $3.27M | 58 | Electric utility vehicles are manufactured for various sectors by Ayro. | |
| waev.com | 2021 | Boston, United States | $375,000 | – | Blockchain platform for secure data storage and sharing is offered. | |
| evts.com | 2015 | Brookline, United States | $5.15M | – | Manufacturer of commercial utility vehicles and cloud-enabled fleet management solutions | |
| phoenixmotorcars.com | 2002 | Ontario, United States | – | 30 | Light and medium-duty electric vehicles are developed for commercial fleets. | |
| antric.de | 2020 | Bochum, Germany | $2.55M | – | Electric cargo utility vehicles are manufactured for delivery applications. | |
| mokeinternational.com | 1964 | London, United Kingdom | – | 9 | Developer of electric utility vehicles | |
| tripl.com | 2001 | Kolding, Denmark | $325,000 | – | Urban cargo electric vehicle | |
| morris-commercial.com | 2015 | Birmingham, United Kingdom | $6.89M | 7 | Light commercial electric vans are manufactured in the United Kingdom. |
Detailed competitors of Addax Motors
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- Full competitor set
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Latest news on Addax Motors
Complete news archive for Addax Motors
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Similar companies to Addax Motors
10 companies that operate in the same segment as Addax Motors (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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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. The company's 1st funding round was a Series A of $9.53M, raised on Nov 2020.
Addax Motors has 25 employees.
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.
Addax Motors operates through Addax Motors.