About Driving Force
Driving Force is a company based in Edmonton (Canada) founded in 1978.. Driving Force offers products and services including Vehicle Rentals and Vehicle Sales.
- Headquarter Edmonton, Canada
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name The Driving Force Group Of Companies
-
Annual Revenue
$6.5 K (USD)0as on Dec 31, 2018
-
Net Profit
$-1.7 K (USD)0as on Dec 31, 2018
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Driving Force
Driving Force offers a comprehensive portfolio of products and services, including Vehicle Rentals and Vehicle Sales. 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.
Rental of trucks, vans, and electric vehicles is offered for short-term and long-term needs to address business fluctuations and operational requirements
Sales of certified used vehicles are conducted with guarantees to ensure quality standards are upheld for customers
Unlock access to complete
Funding Insights of Driving Force
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2010 | Amount | Private Equity Round - Driving Force | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Driving Force
Driving Force has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include TriWest Capital 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 |
|---|---|---|---|---|
|
TriWest Capital Partners is engaged in private equity investments.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Driving Force
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Driving Force
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Driving Force Comparisons
Competitors of Driving Force
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Driving Force
When was Driving Force founded?
Driving Force was founded in 1978 and raised its 1st funding round 32 years after it was founded.
Where is Driving Force located?
Driving Force is headquartered in Edmonton, Canada. It is registered at Edmonton, Alberta, Canada.
What is the annual revenue of Driving Force?
Annual revenue of Driving Force is $6.5K as on Dec 31, 2018.
What does Driving Force do?
Driving Force was founded in 1978 in Edmonton, Canada, as a provider of vehicle-related services within the transportation sector. Rentals, sales, and leasing options for cars, vans, commercial trucks, and electric vehicles are available for short- and long-term needs. Fleet management includes maintenance, fuel cards, telematics, accident handling, and licensing support. Certified used vehicles are sold with warranties. Operations serve industries such as construction, energy, and film across Canada.
What products or services does Driving Force offer?
Driving Force offers Vehicle Rentals and Vehicle Sales.
Who are Driving Force's investors?
Driving Force has 1 investor. Key investors include TriWest Capital Partners.