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
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ctek Sweden Ab
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
- 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. 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.
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 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Private Equity Round — $123.1M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Private Equity Round - CTEK | Valuation | Latour |
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| Sep, 2019 | Amount | Debt – Conventional - CTEK | Valuation |
investors |
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| Jun, 2011 | Amount | Debt – Conventional - CTEK | 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 CTEK
CTEK has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include EQT, Latour and Armada Credit Partners. 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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Capital is provided for industrial sector growth and buyouts.
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Founded Year | Domain | Location | |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location | |
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Private debt solutions are offered to sustainable growing companies.
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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 CTEK
CTEK has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Chargestorm. 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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Developer of electric vehicle charging stations
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2009 |
| 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 - CTEK
| 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 |
Ctek Comparisons
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. 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 |
Provider of electric-vehicle charging solutions
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| domain | founded_year | HQ Location |
Electric vehicle charger solutions are provided by myenergi.
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| domain | founded_year | HQ Location |
Provider of electric vehicle charging solutions
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
SaaS management solutions for EV charging operators are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Ctek
Frequently Asked Questions about CTEK
When was CTEK founded?
CTEK was founded in 1997 and raised its 1st funding round 14 years after it was founded.
Where is CTEK located?
CTEK is headquartered in Vikmanshyttan, Sweden. It is registered at Vikmanshyttan, Dalarna, Sweden.
Is CTEK a funded company?
CTEK is a funded company, having raised a total of $123.05M across 3 funding rounds to date.
What does CTEK do?
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.
What products or services does CTEK offer?
CTEK offers Battery Chargers, EV Charging Solutions, and Battery Management Solutions.
How many acquisitions has CTEK made?
CTEK has made 1 acquisition, including Chargestorm.
Who are CTEK's investors?
CTEK has 5 investors. Key investors include EQT, Latour, Armada Credit Partners, Altor, and FSN Capital.
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