About Elop
Elop is a company based in Oslo (Norway) founded in 2013.. Elop has completed 2 acquisitions, including Hadeland Elektro and Nordic Infrastructure. Elop offers products and services including Elop Insight, Elop Trolley, and Elop Multrawheel. Elop operates in a competitive market with competitors including COMMAND Center, EXACT Technology, Concrete Sensors, Caidio and Sensytec, among others.
- Headquarter Oslo, Norway
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Elop Technology
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$1.55 M (USD), Grant
Dec 31, 2017
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Investors
European Union
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Hadeland Elektro
& 1 more
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Products & Services of Elop
Elop offers a comprehensive portfolio of products and services, including Elop Insight, Elop Trolley, and Elop Multrawheel. 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.
Scanner for non-destructive concrete condition analysis.
Mobile device for inspecting larger concrete structures.
Multi-wheel tool for comprehensive concrete scanning.
Funding Insights of Elop
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $1.6M
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First Round
First Round
(01 Nov 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2017 | Amount | Grant - Elop | Valuation |
investors |
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| Nov, 2015 | Amount | Grant - Elop | 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 Elop
Elop has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union and EIC Fund. 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 agency and accelerator focusing on innovative startups and SMEs
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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 |
| 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 Elop
Elop has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Hadeland Elektro and Nordic Infrastructure. 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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Rail infrastructure management services are provided in Norway.
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2020 | ||||
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Electricity transmission projects are developed via contracting services.
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2008 |
| 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 - Elop
| 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 |
Elop Comparisons
Competitors of Elop
Elop 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 COMMAND Center, EXACT Technology, Concrete Sensors, Caidio and Sensytec, 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 |
Offers tools for monitoring concrete temperature and maturity in construction projects.
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| domain | founded_year | HQ Location |
SaaS-driven concrete monitoring solutions are provided for construction.
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| domain | founded_year | HQ Location |
Sensors for concrete moisture and humidity monitoring are provided.
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| domain | founded_year | HQ Location |
AI-based solutions for concrete quality monitoring are developed.
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| domain | founded_year | HQ Location |
Cement and concrete structures are monitored in real time.
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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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Frequently Asked Questions about Elop
When was Elop founded?
Elop was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Elop located?
Elop is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of Elop?
Kjersti Kanne is the current CEO of Elop.
What does Elop do?
Founded in 2013 in Oslo, Norway, the company operates in the construction sector with a focus on concrete infrastructure. A cloud-based platform is offered for inspecting structures such as bridges, dams, tunnels, and buildings. Services include a patented ultrasound scanning technology, along with an asset management system that supports health monitoring, safety protocols, asset lifetime extension, lifecycle cost management, and environmental impact assessment.
Who are the top competitors of Elop?
Elop's top competitors include Caidio, Concrete Sensors and GREENVIBE.
What products or services does Elop offer?
Elop offers Elop Insight, Elop Trolley, and Elop Multrawheel.
How many acquisitions has Elop made?
Elop has made 2 acquisitions, including Hadeland Elektro, and Nordic Infrastructure.
Who are Elop's investors?
Elop has 2 investors. Key investors include European Union, and EIC Fund.