About Berg Propulsion
Berg Propulsion is a company based in Hono (Sweden) founded in 1912 was acquired by Caterpillar in July 2013.. Berg Propulsion offers products and services including Controllable Pitch Propellers and Maintenance, Repair and Overhaul.
- Headquarter Hono, Sweden
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Sectors
Aerospace, Defense & Maritime
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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 Berg Propulsion Ab
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$103.05 K (USD), Grant
Sep 01, 2015
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Investors
Caterpillar
& 1 more
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Employee Count
Employee Count
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Acquired by
Caterpillar
(Jul 01, 2013)
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Products & Services of Berg Propulsion
Berg Propulsion offers a comprehensive portfolio of products and services, including Controllable Pitch Propellers and Maintenance, Repair and Overhaul. 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.
Controllable Pitch Propellers are designed to optimize vessel performance across various operating conditions.
Maintenance, Repair and Overhaul services are provided to ensure reliable operation of marine equipment in demanding environments.
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Funding Insights of Berg Propulsion
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $103,049
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First Round
First Round
(01 Sep 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2015 | Amount | Grant - Berg Propulsion | 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 Berg Propulsion
Berg Propulsion has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Caterpillar and European Union. 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 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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Construction and mining equipment, engines, and locomotives are manufactured.
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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 Berg Propulsion
| 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 - Berg Propulsion
| 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 |
Berg Propulsion Comparisons
Competitors of Berg Propulsion
| 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 Berg Propulsion
When was Berg Propulsion founded?
Berg Propulsion was founded in 1912 and raised its 1st funding round 103 years after it was founded.
Where is Berg Propulsion located?
Berg Propulsion is headquartered in Hono, Sweden. It is registered at Hono, Vastra Gotaland County, Sweden.
Who is the current CEO of Berg Propulsion?
Stefan Sedersten is the current CEO of Berg Propulsion.
What does Berg Propulsion do?
Founded in 1912, Berg Propulsion is located in Hono, Sweden, where operations center on the maritime sector. Ship propulsion systems, including controllable pitch propellers, are designed and produced for various vessels. Engineering and manufacturing processes are handled in-house, with support services provided for installation and maintenance. The company is led by CEO Stefan Sedersten, and activities remain focused on propulsion technologies for marine applications.
What products or services does Berg Propulsion offer?
Berg Propulsion offers Controllable Pitch Propellers and Maintenance, Repair and Overhaul.
Who are Berg Propulsion's investors?
Berg Propulsion has 2 investors. Key investors include Caterpillar, and European Union.
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