About Eltronic FuelTech
Eltronic FuelTech is a company based in Hedensted (Denmark) founded in 2014.. The company has 124 employees as of November 30, 2024. Eltronic FuelTech offers products and services including Methanol Fuel Systems, Ammonia Fuel Systems, LNG Fuel Systems, LPG Fuel Systems, and Sensors. Eltronic FuelTech operates in a competitive market with competitors including We4Sea, Qtagg, Closelink, ClearLynx and Ascenz, among others.
- Headquarter Hedensted, Denmark
- Employees 124 as on 30 Nov, 2024
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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 Eltronic Fueltech A/S
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$629.16 K (USD), Grant
Oct 01, 2023
- Investors
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Employee Count
124
as on Nov 30, 2024
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Products & Services of Eltronic FuelTech
Eltronic FuelTech offers a comprehensive portfolio of products and services, including Methanol Fuel Systems, Ammonia Fuel Systems, LNG Fuel Systems, LPG Fuel Systems, and Sensors. 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.
Enables safe operations for methanol-powered vessels in maritime applications
Supports ammonia-based fuel operations for zero-emission maritime use
Facilitates liquefied natural gas operations in shipping environments
Provides systems for liquefied petroleum gas in maritime fuel setups
Monitors fuel operations to ensure safety and efficiency on vessels
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Funding Insights of Eltronic FuelTech
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $629,162
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First Round
First Round
(01 Oct 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Grant - Eltronic FuelTech | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Eltronic FuelTech
Eltronic FuelTech has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include 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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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Eltronic FuelTech
| 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 |
Financial Statements - Eltronic FuelTech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Eltronic Fueltech Comparisons
Competitors of Eltronic FuelTech
Eltronic FuelTech 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 We4Sea, Qtagg, Closelink, ClearLynx and Ascenz, 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 |
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| domain | founded_year | HQ Location |
SaaS-based fuel monitoring is provided for marine fuel efficiency.
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| domain | founded_year | HQ Location |
Maritime fuel management systems for fuel optimization are provided.
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| domain | founded_year | HQ Location |
A marine lubricant procurement platform is provided for shipping firms.
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Provider of bunker fuel management system for bunker software
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| domain | founded_year | HQ Location |
Fuel monitoring systems are supplied for the shipping sector.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Eltronic Fueltech
Frequently Asked Questions about Eltronic FuelTech
When was Eltronic FuelTech founded?
Eltronic FuelTech was founded in 2014 and raised its 1st funding round 9 years after it was founded.
Where is Eltronic FuelTech located?
Eltronic FuelTech is headquartered in Hedensted, Denmark. It is registered at Hedensted, Central Denmark Region, Denmark.
How many employees does Eltronic FuelTech have?
As of Nov 30, 2024, the latest employee count at Eltronic FuelTech is 124.
What does Eltronic FuelTech do?
Eltronic FuelTech was established in 2014 in Hedensted, Denmark. Operations focus on the maritime sector, where fuel efficiency solutions are developed and supplied. Services include technologies aimed at reducing fuel consumption and emissions for ships. The company serves international clients through its domain, eltronicfueltech.com, with activities centered in Europe but extending to global shipping needs. Engineering and integration support are also handled for vessel operators.
Who are the top competitors of Eltronic FuelTech?
What products or services does Eltronic FuelTech offer?
Eltronic FuelTech offers Methanol Fuel Systems, Ammonia Fuel Systems, LNG Fuel Systems, LPG Fuel Systems, and Sensors.
Who are Eltronic FuelTech's investors?
Eltronic FuelTech has 1 investor. Key investors include European Union.
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