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
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Net Profit
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EBITDA
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Total Equity Funding
$42.23 M (USD)
in 3 rounds
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Latest Funding Round
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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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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(01 Jun 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Private Equity Round - Batteries | Valuation |
investors |
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| Jul, 2016 | Amount | Debt – Conventional - Batteries | Valuation |
investors |
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| Jun, 2007 | Amount | Private Equity Round - Batteries | Valuation |
investors |
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| 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 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. 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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Private equity firm
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Founded Year | Domain | Location | |
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Private equity investments are focused on US-based companies.
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Founded Year | Domain | Location | |
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North American private equity investments are managed by Freeman Spogli.
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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 Batteries
Batteries has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LED Hut. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturer of LED lighting solutions
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Batteries
| 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 |
Batteries Comparisons
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. 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 |
Electronics repair, refurbishment, and extended warranty services are provided.
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| domain | founded_year | HQ Location |
Provider of electronic devices maintenance services
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| domain | founded_year | HQ Location |
Offers electrical installation solutions for energy distribution, cable management, and building automation globally.
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| domain | founded_year | HQ Location |
Provider of residential electrical services
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| domain | founded_year | HQ Location |
Fire door repair services are provided for safety compliance.
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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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Latest news on Batteries
Frequently Asked Questions about Batteries
When was Batteries founded?
Batteries was founded in 1997 and raised its 1st funding round 10 years after it was founded.
Where is Batteries located?
Batteries is headquartered in Hartland, United States. It is registered at Hartland, Michigan, United States.
Is Batteries a funded company?
Batteries is a funded company, having raised a total of $42.23M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $42.23M, raised on Jun 01, 2007.
How many employees does Batteries have?
As of Dec 31, 2022, the latest employee count at Batteries is 711.
What does Batteries do?
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.
Who are the top competitors of Batteries?
Batteries's top competitors include TVS Electronics, Qarmatek and Mister Sparky.
How many acquisitions has Batteries made?
Batteries has made 1 acquisition, including LED Hut.
Who are Batteries's investors?
Batteries has 4 investors. Key investors include Freeman Spogli, Roark Capital, Wellspring Capital Management, and Revelar Capital.
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