About Epiroc
Epiroc is a company based in Nacka (Sweden) founded in 1873.. Epiroc has raised $166.49 thousand across 6 funding rounds from investors including European Union and Nordic Investment Bank. The company has 1,103 employees as of April 07, 2024. Epiroc has completed 16 acquisitions, including 3D-P, Aard Mining Equipment and CR Mining. Epiroc operates in a competitive market with competitors including Ford and Volvo Group, among others.
- Headquarter Nacka, Sweden
- Employees 1103 as on 07 Apr, 2024
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Sectors
Transportation, Automotive & Logistics
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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 Epiroc Mining India Private Limited
- Date of Incorporation 20 Jul, 2017
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$241.03 M (USD)1.09as on Mar 31, 2023
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Net Profit
$34.32 M (USD)24.43as on Mar 31, 2023
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EBITDA
$47.6 M (USD)26.83as on Mar 31, 2023
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Total Equity Funding
$166.49 K (USD)
in 6 rounds
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Latest Funding Round
$5.31 M (USD), Grant
May 01, 2021
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Investors
European Union
& 1 more
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Employee Count
1103
as on Apr 07, 2024
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Investments & Acquisitions
3D-P
& 15 more
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Software Development Team
78 people
Product Management Team
28 people
Sales and Marketing
26 people
Regional Team
22 people
Leadership Team
19 people
Legal and Compliance
16 people
Global Team
12 people
Board Team
9 people
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Funding Insights of Epiroc
Epiroc has successfully raised a total of $166.49K across 6 strategic funding rounds. The most recent funding activity was a Grant round of $5.31 million completed in May 2021. 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 6
- Last Round Grant — $5.3M
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First Round
First Round
(05 Jan 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Grant - Epiroc | Valuation |
investors |
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| Sep, 2020 | Amount | Grant - Epiroc | Valuation |
investors |
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| Feb, 2019 | Amount | Debt – Conventional - Epiroc | 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 Epiroc
Epiroc has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Nordic Investment Bank. 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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Nordic Investment Bank is engaged in financing sustainable projects in the Nordic-Baltic region.
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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 Epiroc
Epiroc has strategically engaged in corporate development activities, having acquired 16 companies. Notable acquisitions include 3D-P, Aard Mining Equipment and CR Mining. 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
|
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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Provider of implements tracking, monitoring, and fleet management solutions for mining industry
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2010 | ||||
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Proximity detection systems are manufactured and distributed by Mernok Elektronik.
|
2008 | ||||
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Electronic products are manufactured and mining/construction projects are contracted.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Epiroc
| 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 |
Epiroc Comparisons
Competitors of Epiroc
Epiroc 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 Ford and Volvo Group, 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 |
Automobiles and commercial vehicles are manufactured by Ford.
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| domain | founded_year | HQ Location |
Brand of commercial vehicles
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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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Latest news on Epiroc
Frequently Asked Questions about Epiroc
When was Epiroc founded?
Epiroc was founded in 1873 and raised its 1st funding round 144 years after it was founded.
Where is Epiroc located?
Epiroc is headquartered in Nacka, Sweden. It is registered at Nacka, Stockholm County, Sweden.
Who is the current CEO of Epiroc?
Helena Hedblom is the current CEO of Epiroc.
Is Epiroc a funded company?
Epiroc is a funded company, having raised a total of $166.49K across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $109.29M, raised on Jan 05, 2017.
How many employees does Epiroc have?
As of Apr 07, 2024, the latest employee count at Epiroc is 1,103.
What is the annual revenue of Epiroc?
Annual revenue of Epiroc is $241.03M as on Mar 31, 2023.
What does Epiroc do?
Epiroc is a manufacturer of drill rigs, rock excavation, and construction equipment. It caters to industries such as mining, construction, demolition recycling, and oil gas industries. Its product offerings include drill rigs, loaders trucks, rock drilling tools, hydraulic attachments, mechanical rock excavation equipment, ventilation systems, and raise boring equipment. It also provides parts services such as replacement parts kits, rock drills rotation units, and service agreements audits. In 2022, the company recorded annual revenues of 5.05B and a net profit of 0.84B.
Who are the top competitors of Epiroc?
Epiroc's top competitors include Ford and Volvo Group.
How many acquisitions has Epiroc made?
Epiroc has made 16 acquisitions, including 3D-P, Aard Mining Equipment, and CR Mining.
Who are Epiroc's investors?
Epiroc has 2 investors. Key investors include European Union, and Nordic Investment Bank.