About Eldrive
Eldrive is a company based in Sofia (Bulgaria) founded in 2017.. Eldrive has raised $16.05 million across 2 funding rounds from investors including EBRD and European Investment Bank. Eldrive offers products and services including EV Charging App, Smart Platform, and 24/7 Support Service.
- Headquarter Sofia, Bulgaria
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.05 M (USD)
in 2 rounds
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Latest Funding Round
$16.05 M (USD), Series B
Jun 16, 2024
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Investors
EBRD
& 1 more
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Employee Count
Employee Count
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Products & Services of Eldrive
Eldrive offers a comprehensive portfolio of products and services, including EV Charging App, Smart Platform, and 24/7 Support Service. 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.
App for locating, charging, and paying at EV stations.
System for monitoring and managing EV infrastructure remotely.
Provides round-the-clock help for EV users and businesses.
Funding Insights of Eldrive
Eldrive has successfully raised a total of $16.05M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $16.05 million completed in June 2024. 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 2
- Last Round Series B — $16.0M
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First Round
First Round
(29 Jan 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - Eldrive | Valuation | EBRD |
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| Jan, 2024 | Amount | Debt – Conventional - Eldrive | 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 Eldrive
Eldrive has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include EBRD and European Investment Bank. 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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Corporate advisory services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Finance and advisory services for infrastructure projects are provided.
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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 Eldrive
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
Financial Statements - Eldrive
| 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 |
Eldrive Comparisons
Competitors of Eldrive
| 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 Eldrive
Frequently Asked Questions about Eldrive
When was Eldrive founded?
Eldrive was founded in 2017 and raised its 1st funding round 7 years after it was founded.
Where is Eldrive located?
Eldrive is headquartered in Sofia, Bulgaria.
Who is the current CEO of Eldrive?
Stefan Spassov is the current CEO of Eldrive.
Is Eldrive a funded company?
Eldrive is a funded company, having raised a total of $16.05M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $43.41M, raised on Jan 29, 2024.
What does Eldrive do?
Eldrive was founded in 2017 in Sofia, Bulgaria, as a platform in the electric vehicle charging sector. Users are enabled to search for charging stations, view associated costs, and complete payments. Partnerships with entities such as ABB, Metro, and Shell are maintained. The service is accessible through applications on iOS and Android devices, supporting operations across Europe.
What products or services does Eldrive offer?
Eldrive offers EV Charging App, Smart Platform, and 24/7 Support Service.
Who are Eldrive's investors?
Eldrive has 2 investors. Key investors include EBRD, and European Investment Bank.