About ALTANOVA Group
ALTANOVA Group is a company based in Taino (Italy) founded in 1938 by Gino Amadi was acquired by ESCO Technologies in May 2021.. The company has 12 employees as of April 07, 2024. ALTANOVA Group offers products and services including Condition Monitoring and Electrical Test Instruments.
- Headquarter Taino, Italy
- Employees 12 as on 07 Apr, 2024
- Founders Gino Amadi
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Sectors
Energy & Utilities
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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 Altanova India Private Limited
- Date of Incorporation 13 Sep, 2012
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$2.3 M (USD)-10.08as on Mar 31, 2023
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Net Profit
$-112.09 K (USD)58.66as on Mar 31, 2023
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EBITDA
$-141.95 K (USD)-3.72as on Mar 31, 2023
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Latest Funding Round
$1.02 M (USD), Grant
Oct 01, 2022
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Investors
ESCO Technologies
& 2 more
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Employee Count
12
as on Apr 07, 2024
- Acquired by
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Products & Services of ALTANOVA Group
ALTANOVA Group offers a comprehensive portfolio of products and services, including Condition Monitoring and Electrical Test Instruments. 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.
Monitoring of circuit breakers, transformers, and other substation assets is performed using specialized tools.
Instruments for testing power transformers, cables, and rotating machines are supplied for diagnostic purposes.
Funding Insights of ALTANOVA Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $1.0M
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First Round
First Round
(01 Oct 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Grant - ALTANOVA Group | Valuation |
investors |
| 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 ALTANOVA Group
ALTANOVA Group has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include ESCO Technologies, European Union and Itago Partners. 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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Italian SMEs are supported through private equity investments by Itago Partners.
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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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Manufactures filtration and fluid control products
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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 ALTANOVA Group
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - ALTANOVA Group
| 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 |
Altanova Group Comparisons
Competitors of ALTANOVA Group
| 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 ALTANOVA Group
When was ALTANOVA Group founded?
ALTANOVA Group was founded in 1938 and raised its 1st funding round 84 years after it was founded.
Where is ALTANOVA Group located?
ALTANOVA Group is headquartered in Taino, Italy. It is registered at Taino, Lombardy, Italy.
Who is the current CEO of ALTANOVA Group?
Gino Amadi is the current CEO of ALTANOVA Group. They have also founded this company.
How many employees does ALTANOVA Group have?
As of Apr 07, 2024, the latest employee count at ALTANOVA Group is 12.
What is the annual revenue of ALTANOVA Group?
Annual revenue of ALTANOVA Group is $2.3M as on Mar 31, 2023.
What does ALTANOVA Group do?
ALTANOVA Group was founded in 1938 and is headquartered in Taino, Italy. Operations focus on the electrical sector, where testing and monitoring services for various assets are delivered. These services support asset management and reliability in power systems. The company serves clients across Europe and beyond, with expertise in diagnostic tools and condition assessment techniques. Leadership is provided by Gino Amadi as founder and CEO.
What products or services does ALTANOVA Group offer?
ALTANOVA Group offers Condition Monitoring and Electrical Test Instruments.
Who are ALTANOVA Group's investors?
ALTANOVA Group has 3 investors. Key investors include ESCO Technologies, European Union, and Itago Partners.