About Elmtronics
Elmtronics is a Transportation, Automotive & Logistics company based in Consett (United Kingdom) founded in 2013 by Jean Jacques Jouanna, Paul Stuart Lancaster, and Anthony Piggott, and was acquired by Mer in January 2022. It operates as an electric vehicle charging stations are supplied and installed for businesses. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Elmtronics has raised $2 million across 2 funding rounds from investors including Mercia, Mer Eco and Ingenious. The company has 52 employees. Elmtronics was last valued at $7.26 million in November 2020. The company was acqui-hired. Its focus areas include Energy Tech, Energy Storage Tech, Charging and Station Network. Its legal entity is ELMTRONICS LTD. Its competitors include ChargePoint, FreeWire, InstaVolt, Fastned and ChargeNet Holdings and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
Elmtronics was founded in 2013 and is based in Consett, United Kingdom. Solutions for electric vehicle charging are provided, with a focus on the supply and installation of charging stations and equipment. Services are targeted at businesses and the public sector. Full turn-key installation and commissioning are offered to support operations in the electric vehicle infrastructure sector.
- Headquarters Consett, United Kingdom
- Employees 52
- Founders Jean Jacques Jouanna, Paul Stuart Lancaster, Anthony Piggott
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website elmtronics.co.uk
- Social LinkedIn X Facebook
- Acquired by Mer (Jan 2022)
- Legal Name Elmtronics Ltd
Funding Insights of Elmtronics
Elmtronics has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in November 2020. 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 $2M
- Total Rounds 2
- Last Round Seed — $2M
- First Round $254,532
(Jun 2019)
- Investors Count 3
All 2 funding rounds of Elmtronics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2020 | $2M | Seed | $7.26M | Mercia, The Ingenious Group | – |
| Jun 2019 | $254,532 | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2020 | $7.26M | •••••••• |
Last known valuation $7.26M (Nov 2020). 4 investors in total: 4 institutional.
Investors in Elmtronics
Elmtronics has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Mercia, Mer Eco and Ingenious.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed across various sectors. | 1998 | theingeniousgroup.co.uk | London, United Kingdom | |
Private debt is extended to early-stage companies and SMEs. | – | npif.co.uk | Sheffield, United Kingdom | |
Investment management services are provided by Mercia to various clients. | 1982 | mercia.co.uk | - | |
Operator of electric vehicle charging stations | 2009 | mer.eco | Kristiansand, Norway |
Investor details for Elmtronics
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People of Elmtronics
3 people are tracked at Elmtronics (3 in leadership); the tracked headcount is 52.
| Name | Role | Group |
|---|---|---|
Jean Jacques Jouanna | Co-Founder | Leadership |
Paul Stuart Lancaster | Co-Founder | Leadership |
Anthony Piggott | Co-Founder | Leadership |
Complete people profiles for Elmtronics
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Timeline of Elmtronics
5 dated milestones of Elmtronics across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Elmtronics is founded.
- Funding First funding round of $255K.
- Funding Latest funding round, Seed, of $2.0M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Mer.
Competitors of Elmtronics
Elmtronics has 9 listed competitors in our database, 9 of them funded. They include ChargePoint, FreeWire, InstaVolt, Fastned and ChargeNet Holdings, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| chargepoint.com | 2007 | Campbell, United States | $553.62M | 1,650 | Cloud-enabled EV charging stations are operated for diverse sectors. | |
| freewiretech.com | 2014 | Newark, United States | $260.43M | 111 | Electric-vehicle charging solutions are developed and provided by FreeWire. | |
| instavolt.co.uk | 2016 | Basingstoke, United Kingdom | $62.59M | 72 | Electric vehicle charging stations are operated in the United Kingdom. | |
| fastnedcharging.com | 2012 | Amsterdam, Netherlands | $6.12M | 178 | Solar-enabled EV charging stations are operated for plug-in vehicles. | |
| chargenetstations.com | 2020 | Los Angeles, United States | $6.2M | 4 | SaaS and AI-enabled platform offering electric vehicle charging and management solutions | |
| tonikenergy.com | 2016 | London, United Kingdom | $22.43M | 127 | Electric vehicle charging stations are operated for residential applications. | |
| be-ev.co.uk | 2019 | Manchester, United Kingdom | $127.09M | 2 | Provider of electric vehicle charging infrastructure solutions | |
| connectedkerb.com | 2017 | London, United Kingdom | $208.61M | 11 | EV charging infrastructure and traffic data ecosystems are provided roadside. | |
| char.gy | 2015 | London, United Kingdom | $8.88M | 16 | On-street residential EV charging solutions are provided for drivers. |
Detailed competitors of Elmtronics
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Top companies in Electric & Green Mobility
10 companies that operate in the same segment as Elmtronics (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Related news about Elmtronics
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Frequently Asked Questions about Elmtronics
Elmtronics was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Elmtronics is headquartered in Consett, United Kingdom. It is registered at Consett, County Durham, United Kingdom.
Elmtronics is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $254.53K, raised on Jun 2019.
Elmtronics has 52 employees.
Elmtronics was founded in 2013 and is based in Consett, United Kingdom. Solutions for electric vehicle charging are provided, with a focus on the supply and installation of charging stations and equipment. Services are targeted at businesses and the public sector. Full turn-key installation and commissioning are offered to support operations in the electric vehicle infrastructure sector.
Elmtronics's top competitors include Fastned, ChargePoint and InstaVolt.
Elmtronics has 4 investors. Key investors include Mercia, Mer Eco, Ingenious, and Northern Powerhouse Investment Fund.
The valuation of Elmtronics is $7.26M as of Nov 2020.
Elmtronics operates through Elmtronics Ltd.
Yes. Elmtronics was acquired by Mer in January 2022.