About Batteries
Batteries is a company based in Hartland (United States) founded in 1997 was acquired by Revelar Capital in March 2024. Batteries has raised $42.23 million across 3 funding rounds from investors including Freeman Spogli, Roark Capital and Wellspring Capital Management. The company has 711 employees as of December 31, 2022. Batteries has completed 1 acquisition, including LED Hut. Batteries operates in a competitive market with competitors including Qarmatek, TVS Electronics, Hager Group, Mister Sparky and Fire Door Solutions, among others.
- Headquarter Hartland, United States
- Employees 711 as on 31 Dec, 2022
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Sectors
RetailBusiness Services
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$42.23 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
Freeman Spogli
& 3 more
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Employee Count
711
as on Dec 31, 2022
- Investments & Acquisitions
- Acquired by
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People of Batteries
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Sales and Marketing
38 people
Software Development Team
20 people
Leadership Team
6 people
Product Management Team
5 people
Finance and Accounting
5 people
Senior Team
3 people
Data Analysis and Operations Team
2 people
Operations Team
2 people
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Funding Insights of Batteries
Batteries has successfully raised a total of $42.23M across 3 strategic funding rounds. 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.
Investors in Batteries
Batteries has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Freeman Spogli, Roark Capital and Wellspring Capital Management.
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Private equity firm
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Private equity investments are focused on US-based companies.
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North American private equity investments are managed by Freeman Spogli.
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Investor details for Batteries
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Investments & Acquisitions by Batteries
Batteries has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LED Hut.
Investment portfolio details for Batteries
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Manufacturer of LED lighting solutions
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Complete acquisition details for Batteries
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Financial Statements - Batteries
Detailed financials for Batteries
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Batteries Comparisons
Peer comparison for Batteries
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Competitors of Batteries
Batteries 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 Qarmatek, TVS Electronics, Hager Group, Mister Sparky and Fire Door Solutions, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Electronics repair, refurbishment, and extended warranty services are provided.
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Provider of electronic devices maintenance services
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Offers electrical installation solutions for energy distribution, cable management, and building automation globally.
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Provider of residential electrical services
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Fire door repair services are provided for safety compliance.
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Detailed competitors of Batteries
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Latest news on Batteries
Complete news archive for Batteries
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Frequently Asked Questions about Batteries
Batteries was founded in 1997 and raised its 1st funding round 10 years after it was founded.
Batteries is headquartered in Hartland, United States. It is registered at Hartland, Michigan, United States.
Batteries is a funded company, having raised a total of $42.23M across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Batteries is 711.
Batteries was founded in 1997 and is headquartered in Hartland, United States. Operations focus on the consumer electronics sector, with services centered on gadget repairs offered through retail locations. Battery replacements and related maintenance are handled for various devices. The companys domain, batteriesplus.com, supports online inquiries and store locator functions across the United States. Expansion has occurred in the repair and replacement market since inception.
Batteries's top competitors include TVS Electronics, Qarmatek and Mister Sparky.
Batteries has made 1 acquisition, including LED Hut.
Batteries has 4 investors. Key investors include Freeman Spogli, Roark Capital, Wellspring Capital Management, and Revelar Capital.