About Borit
Borit is a company based in Geel (Belgium) founded in 2010 was acquired by Wuxi Weifu High-Technology Group in October 2020. It operates as a Direct-to-Consumer (D2C). Borit has raised $8.47 million across 2 funding rounds from investors including PMV, Wuxi Weifu High-Technology Group and Finindus. The company has 28 employees as of December 31, 2022. Borit offers products and services including Bipolar Plates and Interconnects. Borit operates in a competitive market with competitors including Celadyne, FCEV, ionysis, Enerage and Pemeas, among others.
- Headquarter Geel, Belgium
- Employees 28 as on 31 Dec, 2022
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Borit Nv
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Annual Revenue
$11.03 M (USD)82as on Dec 31, 2022
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Net Profit
$-480.84 K (USD)18as on Dec 31, 2022
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EBITDA
$804.59 K (USD)-21as on Dec 31, 2022
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Total Equity Funding
$8.47 M (USD)
in 2 rounds
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Latest Funding Round
$8.47 M (USD), Series A
Jan 28, 2015
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Investors
PMV
& 3 more
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Employee Count
28
as on Dec 31, 2022
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Acquired by
Wuxi Weifu High-Technology Group
(Oct 28, 2020)
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Products & Services of Borit
Borit offers a comprehensive portfolio of products and services, including Bipolar Plates and Interconnects. 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.
Thin metal plates are produced for fuel cells.
Interconnects are crafted for electrolyzer energy systems.
Funding Insights of Borit
Borit has successfully raised a total of $8.47M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8.47 million completed in January 2015. 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 2
- Last Round Series A — $8.5M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2015 | Amount | Series A - Borit | Valuation |
investors |
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| Mar, 2010 | Amount | Seed - Borit | 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 Borit
Borit has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include PMV, Wuxi Weifu High-Technology Group and Finindus. 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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Finindus is engaged in early stage and growth financing for industrial innovation.
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Founded Year | Domain | Location | |
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Private debt funds are managed across multiple sectors.
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Founded Year | Domain | Location | |
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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 Borit
| 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 - Borit
| 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 |
Borit Comparisons
Competitors of Borit
Borit 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 Celadyne, FCEV, ionysis, Enerage and Pemeas, 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 |
Develops advanced membranes for hydrogen fuel cells and electrolyzer efficiency in energy sectors.
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| domain | founded_year | HQ Location |
Batteries are manufactured by FCEV in Baoding, China.
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| domain | founded_year | HQ Location |
Develops advanced membrane electrode assemblies for fuel cells and green energy solutions.
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| domain | founded_year | HQ Location |
Provider of integrated test automation and lab management solutions for transportation and energy sectors
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| domain | founded_year | HQ Location |
Develops components for fuel cell technology in the energy sector.
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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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Frequently Asked Questions about Borit
When was Borit founded?
Borit was founded in 2010.
Where is Borit located?
Borit is headquartered in Geel, Belgium.
Who is the current CEO of Borit?
Luc Wanten is the current CEO of Borit.
Is Borit a funded company?
Borit is a funded company, having raised a total of $8.47M across 2 funding rounds to date.
How many employees does Borit have?
As of Dec 31, 2022, the latest employee count at Borit is 28.
What is the annual revenue of Borit?
Annual revenue of Borit is $11.03M as on Dec 31, 2022.
What does Borit do?
Borit is engaged in the production of high-precision metal components, specifically thin metal bipolar plates and interconnects for fuel cells and electrolyzers. The company operates within the renewable energy sector, emphasizing sustainable energy solutions through advanced sheet metal forming, precision cutting, laser welding, and sealing technologies. Borits expertise supports the clean energy transition by providing essential components for green hydrogen applications and other renewable energy systems.
Who are the top competitors of Borit?
Borit's top competitors include FCEV, Enerage and Cavan Automobile.
What products or services does Borit offer?
Borit offers Bipolar Plates and Interconnects.
Who are Borit's investors?
Borit has 4 investors. Key investors include PMV, Wuxi Weifu High-Technology Group, Finindus, and OCAS Ventures.