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. 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
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website borit.be
- Social LinkedIn X
- Acquired by Wuxi Weifu High-Technology Group (Oct 2020)
- Legal Name Borit Nv
- Annual Revenue$11.03 M (USD)82as on Dec 31, 2022
- Net Profit-$480.84 K (USD)18as on Dec 31, 2022
- EBITDA$804.59 K (USD)-21as on Dec 31, 2022
- Total Equity Funding$8.47M (USD)
in 2 rounds
- Latest Funding Round$8.47M (USD), Series A
Jan 2015
- InvestorsPMV
& 3 more
- Employee Count28
- Acquired byWuxi Weifu High-Technology Group
(Oct 2020)
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.
- Total Funding $8.47M
- Total Rounds 2
- Last Round Series A — $8.47M
- Investors Count 3
All 2 funding rounds of Borit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2015 | $8.47M | Series A | – | – | |
| Mar 2010 | – | Seed | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Finindus is engaged in early stage and growth financing for industrial innovation. | – | finindus.be | Zelzate, Belgium | |
Private debt funds are managed across multiple sectors. | 2001 | pmv.eu | Brussels, Belgium | |
- | – | ocasventures.com | - | |
Manufacturer, supplier & exporter of automotive powertrain systems | 1958 | weifu.com.cn | Wuxi, China |
Investor details for Borit
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People of Borit
1 people are tracked at Borit (1 in leadership); the tracked headcount is 28.
| Name | Role | Group |
|---|---|---|
Luc Wanten | CEO | Leadership |
Complete people profiles for Borit
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Timeline of Borit
4 dated milestones of Borit across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Borit is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $8.5M.
- Exit Acquired by Wuxi Weifu High-Technology Group.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| celadynetech.com | 2018 | Chicago, United States | $4.6M | 8 | Develops advanced membranes for hydrogen fuel cells and electrolyzer efficiency in energy sectors. | |
| ftxt-e.com | 2016 | Baoding, China | $219.95M | – | Batteries are manufactured by FCEV in Baoding, China. | |
| ionysis.com | 2021 | Freiburg, Germany | – | – | Develops advanced membrane electrode assemblies for fuel cells and green energy solutions. | |
| enerage.com | 2004 | Arcadia, United States | $4.3M | – | Provider of integrated test automation and lab management solutions for transportation and energy sectors | |
| pemeas.com | 2004 | Frankfurt, Germany | $31.58M | – | Develops components for fuel cell technology in the energy sector. | |
| cavanauto.com | 2022 | Beijing, China | – | – | Developer of fuel cell systems for electric commercial vehicles | |
| shanghaizhizhen.com | 2016 | Shanghai, China | – | – | Metal bipolar plates for hydrogen fuel cells are manufactured. | |
| morphic.se | 2006 | Jonkoping, Sweden | – | – | Develops small wind turbines for sustainable energy solutions. |
Detailed competitors of Borit
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Latest news on Borit
Complete news archive for Borit
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Similar companies to Borit
10 companies that operate in the same segment as Borit (Energy Storage Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
EV charging station network is operated for vehicle users. | 2017 | Munchen, Bayern, Germany | USD 791 M | – | – | |
Platform offering smart electric vehicle charging solutions | 2018 | London, England, United Kingdom | USD 63.18 M | – | – | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 1.88 B | – | – | |
Provider of electric vehicle charging solutions | 2009 | London, England, United Kingdom | USD 58.39 M | – | – | |
Monta is recognized as a provider of EV charging software solutions. | 2020 | Copenhagen, Denmark | USD 134.51 M | – | – | |
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Portable electric vehicle charging solutions are developed and provided. | 2014 | Boston, Massachusetts, United States | USD 104.86 M | – | 50 | |
Provider of solar integrated power storage system | 2010 | Wildpoldsried, Bavaria, Germany | USD 168.42 M | USD 132.91 M | – | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | – | USD 34.18 M | 177 |
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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.
Borit has 28 employees.
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.
Borit operates through Borit Nv.
Yes. Borit was acquired by Wuxi Weifu High-Technology Group in October 2020.