About Elektrobit
Elektrobit is a company based in Erlangen (Germany) founded in 1988 was acquired by Continental in June 2015. It operates as a SaaS (Software-as-a-Service), Professional Services, and Licensing Model. The company has 710 employees as of April 04, 2024. Elektrobit has completed 2 acquisitions, including Birdstep Technology and Birdstep.fi. Elektrobit offers products and services including EB corbos, EB tresos, EB robinos, EB zentur, and EB Assist. Elektrobit operates in a competitive market with competitors including Telenav, Mojio, Otonomo, Smartcar and Vector, among others.
- Headquarter Erlangen, Germany
- Employees 710 as on 04 Apr, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Elektrobit
- Date of Incorporation 27 Apr, 2016
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$24.21 M (USD)64.38as on Mar 31, 2023
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Net Profit
$2.21 M (USD)40.56as on Mar 31, 2023
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EBITDA
$3.51 M (USD)63.27as on Mar 31, 2023
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Latest Funding Round
$174.63 K (USD), Grant
Jun 01, 2020
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Investors
Continental
& 1 more
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Employee Count
710
as on Apr 04, 2024
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Investments & Acquisitions
Birdstep Technology
& 1 more
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Acquired by
Continental
(Jun 11, 2015)
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Products & Services of Elektrobit
Elektrobit offers a comprehensive portfolio of products and services, including EB corbos, EB tresos, EB robinos, EB zentur, and EB Assist. 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.
Software platform for high-performance computing in vehicles.
Tools for Classic AUTOSAR and ECU development.
Software components for ADAS and automated driving.
Embedded security solutions for automotive software lifecycle.
Tools for ADAS testing and validation processes.
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Software Development Team
185 people
Leadership Team
41 people
Senior Team
26 people
Product Management Team
25 people
Human Resources and Administration
22 people
Expert Team
10 people
Sales and Marketing
8 people
Module Team
5 people
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Funding Insights of Elektrobit
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $174,628
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First Round
First Round
(01 Jan 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Grant - Elektrobit | Valuation |
investors |
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| Dec, 2018 | Amount | Grant - Elektrobit | Valuation |
investors |
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| Jan, 2018 | Amount | Grant - Elektrobit | 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 Elektrobit
Elektrobit has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Continental and European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Continental is recognized as a leading tire manufacturer globally.
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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 Elektrobit
Elektrobit has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Birdstep Technology and Birdstep.fi. 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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Augmented reality apps for location-based services are developed.
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1996 | ||||
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Provider of mobile security services
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| 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 - Elektrobit
| 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 |
Elektrobit Comparisons
Competitors of Elektrobit
Elektrobit 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 Telenav, Mojio, Otonomo, Smartcar and Vector, 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 |
Connected car platforms and navigation solutions are provided by Telenav.
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| domain | founded_year | HQ Location |
Cloud-connected device and platform for cars
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| domain | founded_year | HQ Location |
Online platform offering a data marketplace for the automotive sector
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| domain | founded_year | HQ Location |
Provider of SaaS-driven API platform for connected car data
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| domain | founded_year | HQ Location |
Embedded electronics and software solutions for automotive are developed.
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| domain | founded_year | HQ Location |
Developer of end-to-end connected vehicle ecosystem
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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 Elektrobit
Frequently Asked Questions about Elektrobit
When was Elektrobit founded?
Elektrobit was founded in 1988 and raised its 1st funding round 27 years after it was founded.
Where is Elektrobit located?
Elektrobit is headquartered in Erlangen, Germany. It is registered at Erlangen, Bavaria, Germany.
How many employees does Elektrobit have?
As of Apr 04, 2024, the latest employee count at Elektrobit is 710.
What is the annual revenue of Elektrobit?
Annual revenue of Elektrobit is $24.21M as on Mar 31, 2023.
What does Elektrobit do?
Automotive software solutions are provided by Elektrobit, focusing on software-defined vehicles, AUTOSAR standards, and high-performance computing. Expertise is offered in Classic and Adaptive AUTOSAR, embedded security, and communication networks like Ethernet. Services include over-the-air updates, cybersecurity maintenance, and automated driving solutions covering ADAS predevelopment, testing, and validation. User experience is enhanced through intelligent cockpit systems and HMI design. Sectors served include automotive technology, cybersecurity, and autonomous driving with scalable and flexible software components.
Who are the top competitors of Elektrobit?
What products or services does Elektrobit offer?
Elektrobit offers EB corbos, EB tresos, EB robinos, EB zentur, and EB Assist.
How many acquisitions has Elektrobit made?
Elektrobit has made 2 acquisitions, including Birdstep Technology, and Birdstep.fi.
Who are Elektrobit's investors?
Elektrobit has 2 investors. Key investors include Continental, and European Union.
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