About InductEV
InductEV is a company based in Malvern (United States) founded in 2011.. InductEV has raised $32.91 million across 10 funding rounds from investors including Volvo Group and The Martin Group. InductEV offers products and services including Wireless Chargers and InductAI Software. InductEV operates in a competitive market with competitors including WiTricity, Wiferion, Wireless Advanced Vehicle Electrification, Mojo Mobility and easE-Link, among others.
- Headquarter Malvern, United States
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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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 Momentum Dynamics Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$32.91 M (USD)
in 10 rounds
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Latest Funding Round
$8 M (USD), Debt – Conventional
Apr 11, 2022
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Investors
Volvo Group
& 1 more
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Employee Count
Employee Count
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Products & Services of InductEV
InductEV offers a comprehensive portfolio of products and services, including Wireless Chargers and InductAI Software. 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.
Devices for high-power wireless EV charging
Intelligent system for managing EV charging operations
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Software Development Team
6 people
Product Management Team
2 people
Data Analysis and Operations Team
1 people
Human Resources and Administration
1 people
Controller Team
1 people
Administrative Team
1 people
Sales and Marketing
1 people
Leadership Team
1 people
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Funding Insights of InductEV
InductEV has successfully raised a total of $32.91M across 10 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $8 million completed in April 2022. 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 10
- Last Round Debt – Conventional — $8.0M
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First Round
First Round
(09 May 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Debt – Conventional - InductEV | Valuation |
investors |
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| Dec, 2021 | Amount | Debt – Conventional - InductEV | Valuation |
investors |
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| Jul, 2019 | Amount | Series C - InductEV | 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 InductEV
InductEV has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Volvo Group and The Martin Group. 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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Early stage capital and expertise are provided by The Martin Group.
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Founded Year | Domain | Location | |
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Brand of commercial vehicles
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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 InductEV
| 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 - InductEV
| 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 |
Inductev Comparisons
Competitors of InductEV
InductEV 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 WiTricity, Wiferion, Wireless Advanced Vehicle Electrification, Mojo Mobility and easE-Link, 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 |
Magnetic resonance-based wireless charging for electric vehicles is developed.
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| domain | founded_year | HQ Location |
Wireless charging systems for electric vehicle stations are developed.
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| domain | founded_year | HQ Location |
Wireless EV charging station developers
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| domain | founded_year | HQ Location |
Near-field technology is employed for wireless mobile device charging.
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| domain | founded_year | HQ Location |
Conductive self-charging technology for electric vehicles is 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 Inductev
Frequently Asked Questions about InductEV
When was InductEV founded?
InductEV was founded in 2011.
Where is InductEV located?
InductEV is headquartered in Malvern, United States. It is registered at Malvern, Pennsylvania, United States.
Who is the current CEO of InductEV?
Barry Libert is the current CEO of InductEV.
Is InductEV a funded company?
InductEV is a funded company, having raised a total of $32.91M across 10 funding rounds to date. The company's 1st funding round was a Series C of $17.45M, raised on May 09, 2011.
What does InductEV do?
InductEV was founded in 2011 and is headquartered in Malvern, United States. Operations focus on the electric vehicle sector, where an AI-based platform is utilized to offer wireless charging technologies. Key components include in-ground chargers, on-vehicle receivers, and power cabinets. Services support infrastructure for efficient energy transfer in automotive applications across various regions.
Who are the top competitors of InductEV?
InductEV's top competitors include Wiferion, Mojo Mobility and WiTricity.
What products or services does InductEV offer?
InductEV offers Wireless Chargers and InductAI Software.
Who are InductEV's investors?
InductEV has 2 investors. Key investors include Volvo Group, and The Martin Group.
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