About AddVolt
AddVolt is a company based in Porto (Portugal) founded in 2014 was acquired by Carrier in May 2025.. AddVolt offers products and services including ADDS, ADDM, Slim, ADDL, and Power Unit. AddVolt operates in a competitive market with competitors including ULEMCo, pepper motion, ZEVx, KEYOU and Boson Motors, among others.
- Headquarter Porto, Portugal
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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
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Products & Services of AddVolt
AddVolt offers a comprehensive portfolio of products and services, including ADDS, ADDM, Slim, ADDL, and Power Unit. 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.
Enables last-mile delivery without emissions for urban logistics.
Supports medium-range operations with silent power autonomy.
Enhances efficiency in electric and hybrid vehicles.
Provides full autonomy for extended logistic operations.
Interfaces batteries for auxiliary power in trucks.
Funding Insights of AddVolt
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $56,308
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Grant - AddVolt | Valuation |
investors |
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| Mar, 2020 | Amount | Grant - AddVolt | Valuation |
investors |
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| Mar, 2017 | Amount | Series A - AddVolt | Valuation | Portugal Ventures , Abacus Alpha |
| 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 AddVolt
AddVolt has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Carrier, European Union and EIC Fund. 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 agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Stage-agnostic investments in tech and life sciences sectors are pursued.
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Founded Year | Domain | Location | |
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Abacus alpha is engaged in investment for mid-sized companies.
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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 AddVolt
| 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 - AddVolt
| 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 |
Addvolt Comparisons
Competitors of AddVolt
AddVolt 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 ULEMCo, pepper motion, ZEVx, KEYOU and Boson Motors, 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 |
Low-emission hydrogen-fueled vehicles are manufactured by converting diesel commercial trucks.
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| domain | founded_year | HQ Location |
Electric conversion kits for commercial vehicles are provided.
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| domain | founded_year | HQ Location |
Fleet electrification solutions for mid-duty vehicles are provided.
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| domain | founded_year | HQ Location |
Hydrogen-powered conversion kits are developed for commercial vehicles.
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| domain | founded_year | HQ Location |
Smart electric commercial vehicles are manufactured by Boson Motors.
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| domain | founded_year | HQ Location |
Tembo is recognized as a leader in electric utility vehicles.
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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 AddVolt
When was AddVolt founded?
AddVolt was founded in 2014.
Where is AddVolt located?
AddVolt is headquartered in Porto, Portugal.
What does AddVolt do?
AddVolt provides a non-invasive plug-in electrical system that enables refrigerated trucksreefers to run cold-chainrefrigeration operations on electrical power instead of dieselfuel. This enables truck operators to reduce their carbon footprint noise levels. The solution is compatible with standardtraditional vehicles as well with hybrid, LNG, and fully electric vehicles. Offers multiple variants depending on the refrigeration needs along with a remote control system in the drivers cabin and an online platform to managetrack energy savings carbon footprint. Claims to be compliant with CE and ECE R10 standards.
Who are the top competitors of AddVolt?
AddVolt's top competitors include ULEMCo, Tembo and Boson Motors.
What products or services does AddVolt offer?
AddVolt offers ADDS, ADDM, Slim, ADDL, and Power Unit.
Who are AddVolt's investors?
AddVolt has 7 investors. Key investors include Carrier, European Union, EIC Fund, Portugal Ventures, and Abacus alpha.
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