About GOVECS Group
GOVECS Group is a company based in Munchen (Germany) founded in 2009.. GOVECS Group has raised $12.56 million across 1 funding round from investors including Gimv, kwf.de and BayBG. GOVECS Group has completed 1 acquisition, including ELMOTO. GOVECS Group offers products and services including eSchwalbe. GOVECS Group operates in a competitive market with competitors including Niu, Unu, Scrooser, NAON and Leo Motors, among others.
- Headquarter Munchen, Germany
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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 Govecs Ag
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Products & Services of GOVECS Group
GOVECS Group offers a comprehensive portfolio of products and services, including eSchwalbe. 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.
Electric scooter designed for urban commuting and personal mobility
Funding Insights of GOVECS Group
GOVECS Group has successfully raised a total of $12.56M through 1 strategic funding round. The most recent funding activity was a Series A round of $12.56 million completed in September 2012. 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 — $12.6M
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First Round
First Round
(06 Sep 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2012 | Amount | Series A - GOVECS Group | Valuation | Gimv |
| 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 GOVECS Group
GOVECS Group has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Gimv, kwf.de and BayBG. 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
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Founded Year | Domain | Location | |
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Private equity investments are managed by BayBG in Germany.
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Founded Year | Domain | Location | |
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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 GOVECS Group
GOVECS Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ELMOTO. 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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Electric bicycles with lithium-ion batteries and aluminium frames are manufactured.
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2010 |
| 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 - GOVECS Group
| 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 |
Govecs Group Comparisons
Competitors of GOVECS Group
GOVECS Group 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 Niu, Unu, Scrooser, NAON and Leo Motors, 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 |
Electric scooters are developed and fleets are provided for ride-sharing.
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| domain | founded_year | HQ Location |
Electric scooters with portable batteries are developed by Unu.
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| domain | founded_year | HQ Location |
Premium electric scooters are developed by Scrooser in Germany.
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| domain | founded_year | HQ Location |
Berlin-based company creates high-quality electric scooters for eco-friendly transport.
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| domain | founded_year | HQ Location |
Provides cartridge batteries designed for electric vehicles.
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| 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 Govecs Group
Frequently Asked Questions about GOVECS Group
When was GOVECS Group founded?
GOVECS Group was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is GOVECS Group located?
GOVECS Group is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Is GOVECS Group a funded company?
GOVECS Group is a funded company, having raised a total of $12.56M across 1 funding round to date. The company's 1st funding round was a Series A of $12.56M, raised on Sep 06, 2012.
What does GOVECS Group do?
GOVECS was founded with the objective to provide clean, efficient, reliable and affordable transportation on the leading edge of technology for electrical mobility. There are two types of GOVECS branded electric scooters - GO! S and GO! T electric scooters with multiple configuration options. In 2013, GOVECS vehicles were awarded the European eScooter of the Year for the third time in a row, which is awarded at the Belgian race circuit Zolder every year. For the second time in a row, the company received the eCarTec Award in 2012.
Who are the top competitors of GOVECS Group?
What products or services does GOVECS Group offer?
GOVECS Group offers eSchwalbe.
How many acquisitions has GOVECS Group made?
GOVECS Group has made 1 acquisition, including ELMOTO.