About Additive Drives
Additive Drives is a company based in Halsbrucke (Germany) founded in 2020 by Axel Helm and Jakob Jung.. Additive Drives has raised $1.76 million across 2 funding rounds from investors including European Union and AM Ventures. The company has 31 employees as of December 31, 2022. Additive Drives offers products and services including Customized Electric Motors, Hairpin-Stator, and 3D-Druck Technology. Additive Drives operates in a competitive market with competitors including Ziehl-Abegg, Chara, TSUYO, Linear Labs and Revoh, among others.
- Headquarter Halsbrucke, Germany
- Employees 31 as on 31 Dec, 2022
- Founders Axel Helm, Jakob Jung
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Sectors
Transportation, Automotive & LogisticsTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Additive | Drives Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.76 M (USD)
in 2 rounds
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Latest Funding Round
$259.07 K (USD), Grant
Sep 01, 2022
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Investors
European Union
& 1 more
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Employee Count
31
as on Dec 31, 2022
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Products & Services of Additive Drives
Additive Drives offers a comprehensive portfolio of products and services, including Customized Electric Motors, Hairpin-Stator, and 3D-Druck Technology. 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.
High-performance motors optimized for industrial and automotive uses via additive manufacturing
Advanced technology for enhancing motor efficiency in various applications
Additive manufacturing method for rapid prototyping of electric motors
Funding Insights of Additive Drives
Additive Drives has successfully raised a total of $1.76M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $259.07 thousand completed in September 2022. 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 Grant — $259,070
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First Round
First Round
(17 Oct 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Grant - Additive Drives | Valuation |
investors |
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| Oct, 2020 | Amount | Seed - Additive Drives | Valuation | AM Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Additive Drives
Additive Drives has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and AM Ventures. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Additive Drives
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Additive Drives
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Additive Drives Comparisons
Competitors of Additive Drives
Additive Drives 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 Ziehl-Abegg, Chara, TSUYO, Linear Labs and Revoh, 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 |
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Automotive motors are manufactured by Ziehl-Abegg in Germany.
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Manufacturer of motors for electric vehicles
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| domain | founded_year | HQ Location |
BDLC motors and controllers for electric three-wheelers are developed.
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Developer of electric motors for EVs
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| domain | founded_year | HQ Location |
End-to-end hardware and software solutions for electric vehicles are provided.
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| domain | founded_year | HQ Location |
Electric motors for diverse electric vehicles are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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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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Latest news on Additive Drives
Frequently Asked Questions about Additive Drives
When was Additive Drives founded?
Additive Drives was founded in 2020.
Where is Additive Drives located?
Additive Drives is headquartered in Halsbrucke, Germany. It is registered at Halsbrucke, Saxony, Germany.
Who is the current CEO of Additive Drives?
Jakob Jung is the current CEO of Additive Drives. They have also founded this company.
Is Additive Drives a funded company?
Additive Drives is a funded company, having raised a total of $1.76M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.76M, raised on Oct 17, 2020.
How many employees does Additive Drives have?
As of Dec 31, 2022, the latest employee count at Additive Drives is 31.
What does Additive Drives do?
Additive Drives was founded in 2020 in Halsbrucke, Germany, as a provider of components for electric vehicle motors. Customized electric motors are developed and manufactured for sectors including EV traction, aviation, robotics, and industrial applications. Operations focus on tailored solutions for diverse uses, with the company based in Germany to serve global markets in the electric mobility and automation industries.
Who are the top competitors of Additive Drives?
Additive Drives's top competitors include TSUYO, Zepco Technologies and Linear Labs.
What products or services does Additive Drives offer?
Additive Drives offers Customized Electric Motors, Hairpin-Stator, and 3D-Druck Technology.
Who are Additive Drives's investors?
Additive Drives has 2 investors. Key investors include European Union, and AM Ventures.
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