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
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- 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.
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.
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.
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Finindus is engaged in early stage and growth financing for industrial innovation.
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Private debt funds are managed across multiple sectors.
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Investor details for Borit
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Investments & Acquisitions by Borit
Investment portfolio details for Borit
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Financial Statements - Borit
Detailed financials for Borit
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Borit Comparisons
Peer comparison for Borit
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Develops advanced membranes for hydrogen fuel cells and electrolyzer efficiency in energy sectors.
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Batteries are manufactured by FCEV in Baoding, China.
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Develops advanced membrane electrode assemblies for fuel cells and green energy solutions.
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Provider of integrated test automation and lab management solutions for transportation and energy sectors
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Develops components for fuel cell technology in the energy sector.
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Detailed competitors of Borit
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Latest news on Borit
Complete news archive for Borit
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Frequently Asked Questions about Borit
Borit was founded in 2010.
Borit is headquartered in Geel, Belgium.
Luc Wanten is the current CEO of Borit.
Borit is a funded company, having raised a total of $8.47M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Borit is 28.
Annual revenue of Borit is $11.03M as on Dec 31, 2022.
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.
Borit's top competitors include FCEV, Enerage and Cavan Automobile.
Borit offers Bipolar Plates and Interconnects.
Borit has 4 investors. Key investors include PMV, Wuxi Weifu High-Technology Group, Finindus, and OCAS Ventures.