About CTEK
CTEK is a company based in Vikmanshyttan (Sweden) founded in 1997 by Bengt Wahlqvist was acquired by Altor Equity Partners in June 2011. It operates as a Direct-to-Consumer (D2C) and Professional Services. CTEK has raised $123.05 million across 3 funding rounds from investors including EQT, Latour and Armada Credit Partners. CTEK has completed 1 acquisition, including Chargestorm. CTEK offers products and services including Battery Chargers, EV Charging Solutions, and Battery Management Solutions. CTEK operates in a competitive market with competitors including Wallbox, myenergi, POD Point, Span.IO and Lightning eMotors, among others.
- Headquarter Vikmanshyttan, Sweden
- Founders Bengt Wahlqvist
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
Locked
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Phone
Locked
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Website
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Social
Locked
- Legal Name Ctek Sweden Ab
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$123.05 M (USD)
in 3 rounds
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Latest Funding Round
$123.05 M (USD), Private Equity Round
Sep 07, 2021
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Investors
EQT
& 4 more
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Employee Count
Not available
- Investments & Acquisitions
- Acquired by
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Products & Services of CTEK
CTEK offers a comprehensive portfolio of products and services, including Battery Chargers, EV Charging Solutions, and Battery Management Solutions.
Battery chargers are provided for various vehicle types.
EV charging solutions are offered for home and workplaces.
Battery management solutions are designed for recovery and maintenance.
Funding Insights of CTEK
CTEK has successfully raised a total of $123.05M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round of $123.05 million completed in September 2021. 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 CTEK
CTEK has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include EQT, Latour and Armada Credit Partners.
| Investor | Description | Founded Year | Domain | Location |
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Capital is provided for industrial sector growth and buyouts.
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EQT is recognized as a global investment organization focused on value creation.
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Private debt solutions are offered to sustainable growing companies.
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Investor details for CTEK
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Investments & Acquisitions by CTEK
CTEK has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Chargestorm.
Investment portfolio details for CTEK
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Developer of electric vehicle charging stations
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Complete acquisition details for CTEK
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- Acquired stakes
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Financial Statements - CTEK
Detailed financials for CTEK
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Ctek Comparisons
Peer comparison for CTEK
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Competitors of CTEK
CTEK 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 Wallbox, myenergi, POD Point, Span.IO and Lightning eMotors, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of electric-vehicle charging solutions
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Electric vehicle charger solutions are provided by myenergi.
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Provider of electric vehicle charging solutions
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Smart panels for home energy management are provided by Span.IO.
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SaaS management solutions for EV charging operators are provided.
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Detailed competitors of CTEK
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Latest news on Ctek
Complete news archive for CTEK
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Frequently Asked Questions about CTEK
CTEK was founded in 1997 and raised its 1st funding round 14 years after it was founded.
CTEK is headquartered in Vikmanshyttan, Sweden. It is registered at Vikmanshyttan, Dalarna, Sweden.
CTEK is a funded company, having raised a total of $123.05M across 3 funding rounds to date.
CTEK is involved in the development and distribution of battery chargers and management solutions for a wide range of vehicles, including cars, motorbikes, and boats. Comprehensive EV charging solutions are also offered, catering to both home and workplace environments. Products are designed to address battery recovery, maintenance, and efficient charging needs. Collaborations with major car manufacturers are maintained, and innovative technologies are integrated to meet increasing power demands and extend battery life. Operations span over 70 countries, with a focus on reliability and performance in the automotive sector.
CTEK offers Battery Chargers, EV Charging Solutions, and Battery Management Solutions.
CTEK has made 1 acquisition, including Chargestorm.
CTEK has 5 investors. Key investors include EQT, Latour, Armada Credit Partners, Altor, and FSN Capital.