About Hyperdrive Innovation
Hyperdrive Innovation is a company based in Sunderland (United Kingdom) founded in 2010 by Tony Irish was acquired by Turntide in June 2021.. Hyperdrive Innovation has raised $13.52 million across 2 funding rounds from investors including Turntide, The Santon Group and Rivers Capital Partners. The company has 56 employees as of March 31, 2021. Hyperdrive Innovation operates in a competitive market with competitors including A123 Systems, Corvus Energy, Ampd Energy, Microvast and Powin Energy, among others.
- Headquarter Sunderland, United Kingdom
- Employees 56 as on 31 Mar, 2021
- Founders Tony Irish
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hyperdrive Innovation Ltd
- Date of Incorporation 14 Feb, 2012
- Jurisdiction GATESHEAD, ENGLAND
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Annual Revenue
$25.58 M (USD)0as on Dec 31, 2021
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Net Profit
$657.28 K (USD)0as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$13.52 M (USD)
in 2 rounds
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Latest Funding Round
$8.84 M (USD), Series B
Nov 28, 2018
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Investors
Turntide
& 4 more
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Employee Count
56
as on Mar 31, 2021
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Acquired by
Turntide
(Jun 15, 2021)
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Funding Insights of Hyperdrive Innovation
Hyperdrive Innovation has successfully raised a total of $13.52M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $8.84 million completed in November 2018. 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 2
- Last Round Series B — $8.8M
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First Round
First Round
(02 May 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Series B - Hyperdrive Innovation | Valuation | The Santon Group , Rivers Capital Partners |
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| May, 2016 | Amount | Series A - Hyperdrive Innovation | Valuation | Hamilton Capital Partners , Rivers Capital Partners |
| 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 Hyperdrive Innovation
Hyperdrive Innovation has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Turntide, The Santon Group and Rivers Capital Partners. 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 | |
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Engages in property investment, development, and private equity ventures globally.
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Founded Year | Domain | Location | |
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Manages diversified investment funds and portfolios for clients.
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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 Hyperdrive Innovation
| 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 - Hyperdrive Innovation
| 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 |
Hyperdrive Innovation Comparisons
Competitors of Hyperdrive Innovation
Hyperdrive Innovation 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 A123 Systems, Corvus Energy, Ampd Energy, Microvast and Powin Energy, 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 |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Developer of energy storage systems (ESS) based on lithium NMC technology
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| domain | founded_year | HQ Location |
Developer of battery energy storage system solutions
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| domain | founded_year | HQ Location |
Lithium-ion batteries for multi-category electric vehicles are developed.
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| domain | founded_year | HQ Location |
Energy storage systems are provided for grid-level and behind-the-meter applications.
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| domain | founded_year | HQ Location |
Lithium-ion battery systems for energy storage are developed.
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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 Hyperdrive Innovation
Frequently Asked Questions about Hyperdrive Innovation
When was Hyperdrive Innovation founded?
Hyperdrive Innovation was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is Hyperdrive Innovation located?
Hyperdrive Innovation is headquartered in Sunderland, United Kingdom. It is registered at Sunderland, England, United Kingdom.
Is Hyperdrive Innovation a funded company?
Hyperdrive Innovation is a funded company, having raised a total of $13.52M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.67M, raised on May 02, 2016.
How many employees does Hyperdrive Innovation have?
As of Mar 31, 2021, the latest employee count at Hyperdrive Innovation is 56.
What is the annual revenue of Hyperdrive Innovation?
Annual revenue of Hyperdrive Innovation is $25.58M as on Dec 31, 2021.
What does Hyperdrive Innovation do?
Founded in 2010 in Sunderland, United Kingdom, battery management systems for electric vehicles are provided by Hyperdrive Innovation. Focus is placed on lithium-ion battery packs and systems integrated into electric vehicle powertrains. Vehicle sensors, range extenders, and electronic control units are also manufactured. Operations center on the automotive sector, supporting advancements in electric mobility through specialized components.
Who are the top competitors of Hyperdrive Innovation?
Hyperdrive Innovation's top competitors include Microvast, Corvus Energy and A123 Systems.
Who are Hyperdrive Innovation's investors?
Hyperdrive Innovation has 5 investors. Key investors include Turntide, The Santon Group, Rivers Capital Partners, Hamilton Capital Partners, and Ewen Campbell.
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