About Borqs
Borqs is a company based in Santa Clara (United States) founded in 2007 by Pat Chan was acquired by Sasken in November 2024. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). Borqs has raised $32.57 million across 6 funding rounds from investors including Accel, Sasken and Qualcomm Ventures. The company has 303 employees as of December 31, 2024. Borqs has completed 1 acquisition, including Holu Hou Energy. Borqs offers products and services including Smart Phones & Tablets, Wearable Devices, In-Vehicle Integration Solutions, Smart Home Solutions, and Mobile Virtual Network Operator. Borqs operates in a competitive market with competitors including NNG, PATEO, Carbit, Hyundai Motor Group and Nonda, among others.
- Headquarter Santa Clara, United States
- Employees 303 as on 31 Dec, 2024
- Founders Pat Chan
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Borqs Technologies, Inc.
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Annual Revenue
$27.71 M34.74as on Dec 31, 2024
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Net Profit
$16.7 M163.09as on Dec 31, 2024
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EBITDA
$-2.28 M77.22as on Dec 31, 2024
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Total Equity Funding
$32.57 M (USD)
in 6 rounds
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Latest Funding Round
$16 M (USD), Post-IPO
Jun 02, 2022
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Investors
Accel
& 4 more
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Employee Count
303
as on Dec 31, 2024
- Investments & Acquisitions
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Acquired by
Sasken
(Nov 01, 2024)
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IPO & Listings of Borqs
Borqs is a publicly listed company on the OTC with ticker symbol BRQSF in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Borqs
Borqs offers a comprehensive portfolio of products and services, including Smart Phones & Tablets, Wearable Devices, In-Vehicle Integration Solutions, Smart Home Solutions, and Mobile Virtual Network Operator. 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.
Innovative devices are created for enterprise and consumers.
Wearables are designed for fitness and tracking purposes.
Connectivity solutions are provided for automobile OEM manufacturers.
Intelligent systems are developed for unifying home appliances.
Connectivity solutions are offered for mobile communication businesses.
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Funding Insights of Borqs
Borqs has successfully raised a total of $32.57M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $16 million completed in June 2022. 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 6
- Last Round Post-IPO — $16.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Post-IPO - Borqs | Valuation |
investors |
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| May, 2019 | Amount | Post-IPO - Borqs | Valuation |
investors |
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| Mar, 2017 | Amount | Series E - Borqs | Valuation | Qualcomm Ventures |
| 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 Borqs
Borqs has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, Sasken and Qualcomm Ventures. 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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TDR Capital is engaged in private equity investments for sustainable growth.
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Founded Year | Domain | Location | |
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Venture capital investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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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 Borqs
Borqs has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Holu Hou Energy. 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 |
|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provides commercial and residential smart micro-grids solutions for solar and energy storage ventures
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Borqs
| 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 |
Borqs Comparisons
Competitors of Borqs
Borqs 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 NNG, PATEO, Carbit, Hyundai Motor Group and Nonda, 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 |
White-label connected car navigation and infotainment solutions are provided.
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| domain | founded_year | HQ Location |
Saas & AI enabled infotainment solutions for connected vehicles
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| domain | founded_year | HQ Location |
In-vehicle infotainment systems and driving apps are provided.
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| domain | founded_year | HQ Location |
Develops innovative automotive technologies and proprietary solutions for various sectors.
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| domain | founded_year | HQ Location |
Developer of connected car devices and related car expense saving services
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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 Borqs
Frequently Asked Questions about Borqs
When was Borqs founded?
Borqs was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Borqs located?
Borqs is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Who is the current CEO of Borqs?
Pat Chan is the current CEO of Borqs. They have also founded this company.
Is Borqs a funded company?
Borqs is a funded company, having raised a total of $32.57M across 6 funding rounds to date. The company's 1st funding round was a Series E of $10M, raised on Jan 01, 2009.
How many employees does Borqs have?
As of Dec 31, 2024, the latest employee count at Borqs is 303.
What is the annual revenue of Borqs?
Annual revenue of Borqs is $27.71M as on Dec 31, 2024.
What does Borqs do?
Borqs Technologies Inc. is established as a global leader in embedded software and products for the Internet of Things (IoT). Customizable and scalable Android-based smart-connected mobile devices are developed alongside end-to-end cloud-service solutions. Sectors such as smart devices, automotive infotainment, and mobile operator services are targeted. Innovative solutions for enterprises and consumers are provided, including smartphones, wearables, in-vehicle integration, and smart home systems. A strong global presence is maintained to enable internet intelligence across various vertical segments.
What products or services does Borqs offer?
Borqs offers Smart Phones & Tablets, Wearable Devices, In-Vehicle Integration Solutions, Smart Home Solutions, and Mobile Virtual Network Operator.
Is Borqs publicly traded?
Yes, Borqs is publicly traded on OTC under the ticker symbol BRQSF.
How many acquisitions has Borqs made?
Borqs has made 1 acquisition, including Holu Hou Energy.
Who are Borqs's investors?
Borqs has 5 investors. Key investors include Accel, Sasken, Qualcomm Ventures, TDR Capital, and Keytone Ventures.
What is Borqs's ticker symbol?
The ticker symbol of Borqs is BRQSF on OTC.
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