About Auto Springs
Auto Springs is a company based in Nairobi (Kenya) founded in 1979 was acquired by Ascent Rift Valley Fund in February 2018.. Auto Springs offers products and services including Leaf Springs, Bolts and Nuts, and Wiring Harness. Auto Springs operates in a competitive market with competitors including ARaymond, Bossard, Optimas Solutions, MacLean-Fogg and Agrati, among others.
- Headquarter Nairobi, Kenya
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Auto Springs East Africa Plc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Ascent Rift Valley Fund
(Feb 15, 2018)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Auto Springs
Auto Springs offers a comprehensive portfolio of products and services, including Leaf Springs, Bolts and Nuts, and Wiring Harness. 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.
Components for vehicle suspension systems
Engineering products for automotive assembly
Wiring systems for vehicle electrical needs
Funding Insights of Auto Springs
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Private Equity Round - Auto Springs | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Auto Springs
Auto Springs has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Ascent Africa. 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 |
|---|---|---|---|---|
|
Entrepreneurial investments are made in East African enterprises.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Auto Springs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Auto Springs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Auto Springs Comparisons
Competitors of Auto Springs
Auto Springs 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 ARaymond, Bossard, Optimas Solutions, MacLean-Fogg and Agrati, 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 |
Manufacturer and supplier of clip fasteners
|
|
| domain | founded_year | HQ Location |
Fastening technology solutions, including screws and logistics, are supplied globally.
|
|
| domain | founded_year | HQ Location |
Fasteners including bolts and screws are manufactured and supplied.
|
|
| domain | founded_year | HQ Location |
Automotive components are manufactured and supplied by MacLean-Fogg.
|
|
| domain | founded_year | HQ Location |
Manufacturer and supplier of major auto components
|
|
| domain | founded_year | HQ Location |
Manufacturer and supplier of high tensile fasteners to tier 1, OEMs and aftermarket
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Auto Springs
When was Auto Springs founded?
Auto Springs was founded in 1979 and raised its 1st funding round 35 years after it was founded.
Where is Auto Springs located?
Auto Springs is headquartered in Nairobi, Kenya.
Who is the current CEO of Auto Springs?
Salil Patel is the current CEO of Auto Springs.
What does Auto Springs do?
Auto Springs was established in 1979 and is headquartered in Nairobi, Kenya. Operations focus on the manufacturing of automotive components and accessories for commercial vehicles. The company serves the automotive sector by producing essential parts that support vehicle maintenance and functionality. Activities are centered in the East African region, with an emphasis on reliable supply for local and regional markets. Leadership is provided by CEO Salil Patel.
Who are the top competitors of Auto Springs?
Auto Springs's top competitors include Sterling Tools, Agrati and Bossard.
What products or services does Auto Springs offer?
Auto Springs offers Leaf Springs, Bolts and Nuts, and Wiring Harness.
Who are Auto Springs's investors?
Auto Springs has 1 investor. Key investors include Ascent Africa.