First Mode
About First Mode
First Mode is a company based in London (United Kingdom) was acquired by Cummins in February 2025.. First Mode has raised $8.5 million across 1 funding round from investors including Cummins. First Mode offers products and services including Hybrid Retrofit Kits.
- Headquarter London, United Kingdom
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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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Products & Services of First Mode
First Mode offers a comprehensive portfolio of products and services, including Hybrid Retrofit Kits. 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.
Kits that reduce diesel emissions in mining operations by up to 30 percent.
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Funding Insights of First Mode
First Mode has successfully raised a total of $8.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $8.5 million completed in September 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 1
- Last Round Series A — $8.5M
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First Round
First Round
(22 Sep 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2021 | Amount | Series A - First Mode | Valuation |
investors |
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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 First Mode
First Mode has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cummins. 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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Manufacturer of gas-powered construction equipment
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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 First Mode
| 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 - First Mode
| 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 |
First Mode Comparisons
Competitors of First Mode
| 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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Latest news on First Mode
Frequently Asked Questions about First Mode
Where is First Mode located?
First Mode is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is First Mode a funded company?
First Mode is a funded company, having raised a total of $8.5M across 1 funding round to date. The company's 1st funding round was a Series A of $8.5M, raised on Sep 22, 2021.
What does First Mode do?
Developer of hybrid retrofit kits for mining operations. These kits reduce diesel emissions without requiring additional infrastructure. The company focuses on decarbonization solutions for the industrial sector, enabling a more profitable and sustainable future. Its offerings include engineering, research and development, and manufacturing capabilities to address the complex needs of its partners. The technology is designed for immediate and long-term impact, accelerating the transition to clean energy.
What products or services does First Mode offer?
First Mode offers Hybrid Retrofit Kits.
Who are First Mode's investors?
First Mode has 1 investor. Key investors include Cummins.
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