About Eltronic
Eltronic is a company based in Hedensted (Denmark) founded in 2000 by Lars Jensen.. Eltronic has raised $13.97 million across 3 funding rounds from investors including European Union and Blue Equity. The company has 999 employees as of October 31, 2022. Eltronic offers products and services including Production Systems, Automation Solutions, and Digitalization Services. Eltronic operates in a competitive market with competitors including ALLETE, Swedish Energy Agency, SUSI Partners, Natural Power and Dulas, among others.
- Headquarter Hedensted, Denmark
- Employees 999 as on 31 Oct, 2022
- Founders Lars Jensen
- Stage Minicorn
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Eltronic Engineering India Private Limited
- Date of Incorporation 07 Dec, 2011
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$239.11 M (USD)60as on Oct 31, 2022
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Net Profit
$10.23 M (USD)7as on Oct 31, 2022
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EBITDA
$13.23 M (USD)-3as on Oct 31, 2022
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Total Equity Funding
$13.97 M (USD)
in 3 rounds
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Latest Funding Round
$4.94 M (USD), Private Equity Round
May 24, 2018
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Investors
European Union
& 1 more
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Employee Count
999
as on Oct 31, 2022
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Products & Services of Eltronic
Eltronic offers a comprehensive portfolio of products and services, including Production Systems, Automation Solutions, and Digitalization Services. 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.
Develops systems to boost industrial productivity and sustainability.
Optimizes processes through digitalization for manufacturing sectors.
Provides tools for future-proof production and compliance in industries.
Funding Insights of Eltronic
Eltronic has successfully raised a total of $13.97M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $4.94 million completed in May 2018. 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 3
- Last Round Private Equity Round — $4.9M
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First Round
First Round
(25 Sep 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Private Equity Round - Eltronic | Valuation |
investors |
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| Jun, 2015 | Amount | Grant - Eltronic | Valuation |
investors |
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| Sep, 2013 | Amount | Private Equity Round - Eltronic | Valuation | Blue Equity |
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| 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 Eltronic
Eltronic has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and Blue Equity. 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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Blue Equity is engaged in partnership investments in Danish 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 Eltronic
| 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
| 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 |
Eltronic Comparisons
Competitors of Eltronic
Eltronic 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 ALLETE, Swedish Energy Agency, SUSI Partners, Natural Power and Dulas, 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 |
Utility power and water holding company
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| domain | founded_year | HQ Location |
The Swedish Energy Agency was established in 1998 in Eskilstuna.
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| domain | founded_year | HQ Location |
Solar and wind energy projects are financed through specialized services.
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| domain | founded_year | HQ Location |
Renewable energy projects are managed with analytical and engineering support.
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| domain | founded_year | HQ Location |
Renewable energy systems and medical refrigeration equipment are manufactured.
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| 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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Frequently Asked Questions about Eltronic
When was Eltronic founded?
Eltronic was founded in 2000 and raised its 1st funding round 13 years after it was founded.
Where is Eltronic located?
Eltronic is headquartered in Hedensted, Denmark. It is registered at Hedensted, Central Denmark Region, Denmark.
Is Eltronic a funded company?
Eltronic is a funded company, having raised a total of $13.97M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $9.03M, raised on Sep 25, 2013.
How many employees does Eltronic have?
As of Oct 31, 2022, the latest employee count at Eltronic is 999.
What is the annual revenue of Eltronic?
Annual revenue of Eltronic is $239.11M as on Oct 31, 2022.
What does Eltronic do?
Eltronic was founded in 2000 in Hedensted, Denmark, by Lars Jensen. Services focused on planning and management for wind energy projects are delivered by the company within the renewable energy sector. Operations encompass project coordination, site assessments, and regulatory compliance support. The firm serves clients across Denmark and related European markets, with emphasis on sustainable wind power development.
Who are the top competitors of Eltronic?
Eltronic's top competitors include ALLETE, SUSI Partners and Natural Power.
What products or services does Eltronic offer?
Eltronic offers Production Systems, Automation Solutions, and Digitalization Services.
Who are Eltronic's investors?
Eltronic has 2 investors. Key investors include European Union, and Blue Equity.
What is Eltronic's valuation?
The valuation of Eltronic is $22.11M as of May 2018.
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