About Hoveround
Hoveround is a company based in Sarasota (United States) founded in 1992 by Thomas E Kruse was acquired by Jordan Industries International in June 1998.. Hoveround operates in a competitive market with competitors including Kalogon Smart Cushion, Numotion, Rowheels, Permobil and Levate, among others.
- Headquarter Sarasota, United States
- Founders Thomas E Kruse
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Sectors
HealthcareTransportation, 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 Hoveround Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Jordan Industries International
(Jun 01, 1998)
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Funding Insights of Hoveround
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Hoveround
Hoveround has secured backing from 1 investor. Prominent investors backing the company include Jordan Industries International. 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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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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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 Hoveround
| 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 - Hoveround
| 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 |
Hoveround Comparisons
Competitors of Hoveround
Hoveround 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 Kalogon Smart Cushion, Numotion, Rowheels, Permobil and Levate, 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 |
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| domain | founded_year | HQ Location |
Manufacturer of wheelchairs
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| domain | founded_year | HQ Location |
Mobility assistance devices including power wheelchairs and scooters are supplied.
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| domain | founded_year | HQ Location |
Wheelchair wheels with reverse propulsion system are provided.
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| domain | founded_year | HQ Location |
Electric-powered wheelchairs and mobility products are developed and manufactured.
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| domain | founded_year | HQ Location |
Manufacturer of smart wheelchairs for orthopedically disabled people
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| domain | founded_year | HQ Location |
Designs and produces power wheelchairs, mobility scooters, and lift recliners for user assistance.
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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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Frequently Asked Questions about Hoveround
When was Hoveround founded?
Hoveround was founded in 1992.
Where is Hoveround located?
Hoveround is headquartered in Sarasota, United States. It is registered at Sarasota, Florida, United States.
What does Hoveround do?
Hoveround was founded in 1992 in Sarasota, United States, and operates in the medical devices sector focused on mobility solutions. Power wheelchairs capable of supporting up to 600 pounds, three- and four-wheeled power scooters, stair lifts, wheelchair ramps, vehicle lifts, bed and bathroom aids, and related accessories are manufactured and offered. These products address needs of individuals facing mobility challenges.
Who are the top competitors of Hoveround?
Hoveround's top competitors include Kalogon Smart Cushion, Permobil and Numotion.
Who are Hoveround's investors?
Hoveround has 1 investor. Key investors include Jordan Industries International.
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