About Formel D
Formel D is a company based in Troisdorf (Germany) founded in 1993 was acquired by CITIC Capital in May 2017. It operates as a Professional Services, and Managed Services. Formel D has completed 1 acquisition, including Cps-Quality. Formel D offers products and services including Quality Assurance Services, Electromobility Services, Software Testing & Validation, Aftersales as a Service, and Vehicle Test Center Operations.
- Headquarter Troisdorf, Germany
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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 Formel D Group
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
3i Group
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Formel D
Formel D offers a comprehensive portfolio of products and services, including Quality Assurance Services, Electromobility Services, Software Testing & Validation, Aftersales as a Service, and Vehicle Test Center Operations. 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.
Quality assurance services are provided for automotive industry.
Certified services for electric vehicles are offered globally.
Software testing services are delivered to automotive manufacturers.
Integrated aftersales solutions are provided for automotive clients.
Vehicle testing and validation drives are conducted professionally.
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Funding Insights of Formel D
| 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 Formel D
Formel D has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include 3i Group, CITIC Capital and Deutsche Beteiligungs. 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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Private equity firm focused on mid-market businesses
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Founded Year | Domain | Location | |
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Private equity investments target industrial engineering and components firms.
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Founded Year | Domain | Location | |
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Commercial ecological platform projects are targeted by this corporate fund.
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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 Formel D
Formel D has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cps-Quality. 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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2004 |
| 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 - Formel D
| 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 |
Formel D Comparisons
Competitors of Formel D
| 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 Formel D
When was Formel D founded?
Formel D was founded in 1993.
Where is Formel D located?
Formel D is headquartered in Troisdorf, Germany. It is registered at Troisdorf, North Rhine-westphalia, Germany.
What does Formel D do?
Formel D is established as a leading global service provider specializing in quality assurance and process optimization for the automotive industry. Comprehensive solutions are offered across the entire value chain, from product development to manufacturing, supply chain management, and aftersales services. Expertise is provided in electromobility, software testing, and validation, ensuring that innovative and certified services are delivered for electric vehicles and advanced driving systems. Scalable and customized solutions are developed to meet specific client needs, supporting automotive manufacturers with testing, inspection, and certification processes. Operations are conducted worldwide, with a focus on achieving measurable and sustainable success for clients in various automotive sectors.
What products or services does Formel D offer?
Formel D offers Quality Assurance Services, Electromobility Services, Software Testing & Validation, Aftersales as a Service, and Vehicle Test Center Operations.
How many acquisitions has Formel D made?
Formel D has made 1 acquisition, including Cps-Quality.
Who are Formel D's investors?
Formel D has 3 investors. Key investors include 3i Group, CITIC Capital, and Deutsche Beteiligungs.