About Econolite
Econolite is a company based in Anaheim (United States) founded in 1933 was acquired by Porsche Se in March 2022.. The company has 279 employees as of December 31, 2023. Econolite has completed 2 acquisitions, including RAI Products and Western Pacific Signal. Econolite offers products and services including Cabinets, Controllers, Sensors, and Software. Econolite operates in a competitive market with competitors including Miovision, Hayden AI, Vehant Technologies, NoTraffic and Vivacity Labs, among others.
- Headquarter Anaheim, United States
- Employees 279 as on 31 Dec, 2023
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Bridgepoint Capital
& 1 more
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Employee Count
279
as on Dec 31, 2023
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Investments & Acquisitions
RAI Products
& 1 more
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Acquired by
Porsche Se
(Mar 14, 2022)
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Products & Services of Econolite
Econolite offers a comprehensive portfolio of products and services, including Cabinets, Controllers, Sensors, and Software. 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.
Enclosures for housing traffic management equipment and components.
Manages intersection signals for efficient traffic flow control.
Detects vehicles, bicycles, and pedestrians for safety enhancements.
Offers advanced solutions for monitoring and optimizing traffic networks.
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Funding Insights of Econolite
| 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 Econolite
Econolite has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Bridgepoint Capital and Porsche Se. 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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Middle-market businesses up to €1 billion are acquired pan-Europe.
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Founded Year | Domain | Location | |
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Passenger cars and commercial vehicles are manufactured by Porsche SE.
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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 Econolite
Econolite has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include RAI Products and Western Pacific Signal. 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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Supplier of traffic control and intelligent transportation products
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1998 | ||||
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Company is a distributor and integrator of intelligent transportation systems and adaptive signal control
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1997 |
| 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 - Econolite
| 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 |
Econolite Comparisons
Competitors of Econolite
Econolite 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 Miovision, Hayden AI, Vehant Technologies, NoTraffic and Vivacity Labs, 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 |
Traffic data collection and management solutions are provided.
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| domain | founded_year | HQ Location |
Provider of AI-powered mobile perception platform for traffic enforcement
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| domain | founded_year | HQ Location |
AI-enabled security and traffic enforcement solutions are provided.
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| domain | founded_year | HQ Location |
AI-enabled automatic traffic management solutions are provided for operators.
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| domain | founded_year | HQ Location |
AI and sensor-based video analytics for traffic operators are delivered.
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| domain | founded_year | HQ Location |
IoT-based sensors for road traffic monitoring and analytics are developed.
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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 Econolite
Frequently Asked Questions about Econolite
When was Econolite founded?
Econolite was founded in 1933.
Where is Econolite located?
Econolite is headquartered in Anaheim, United States. It is registered at Anaheim, California, United States.
Who is the current CEO of Econolite?
Christian Ulrich Haas is the current CEO of Econolite.
How many employees does Econolite have?
As of Dec 31, 2023, the latest employee count at Econolite is 279.
What does Econolite do?
Econolite was founded in 1933 and is headquartered in Anaheim, United States. Operations focus on the traffic industry, where hardware and software solutions for intelligent traffic management are developed and supplied. Offerings encompass traffic cabinets, controllers, management software, vehicle and pedestrian signals, detection sensors, intersection systems, camera processors, data collection tools, and wireless communications. Services such as project management, installation, engineering, and maintenance are also delivered.
Who are the top competitors of Econolite?
Econolite's top competitors include Vehant Technologies, Iteris and Hayden AI.
What products or services does Econolite offer?
Econolite offers Cabinets, Controllers, Sensors, and Software.
How many acquisitions has Econolite made?
Econolite has made 2 acquisitions, including RAI Products, and Western Pacific Signal.
Who are Econolite's investors?
Econolite has 2 investors. Key investors include Bridgepoint Capital, and Porsche Se.