About Invertek Drives
Invertek Drives is a company based in Welshpool (United Kingdom) founded in 1998 was acquired by Sumitomo Heavy Industries in September 2019. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Invertek Drives has raised $13.24 million across 1 funding round from investors including Sumitomo Heavy Industries. Invertek Drives offers products and services including Optidrive E3, Optidrive P2, Optidrive Eco HVAC, and Optidrive Elevator. Invertek Drives operates in a competitive market with competitors including Infinitum, Bonfiglioli, Allient, Allied Motion and ebm-papst, among others.
- Headquarter Welshpool, United Kingdom
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Sectors
Industrial Goods & Manufacturing
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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 Invertek Drives Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.24 M (USD)
in 1 rounds
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Latest Funding Round
$13.24 M (USD), Series B
Dec 22, 2021
- Investors
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Employee Count
Employee Count
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Acquired by
Sumitomo Heavy Industries
(Sep 27, 2019)
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Products & Services of Invertek Drives
Invertek Drives offers a comprehensive portfolio of products and services, including Optidrive E3, Optidrive P2, Optidrive Eco HVAC, and Optidrive Elevator. 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.
General purpose drives are provided for motor control.
High performance drives are offered for precise control.
HVAC drives are designed for building services efficiency.
Elevator drives are built for advanced lift control.
Funding Insights of Invertek Drives
Invertek Drives has successfully raised a total of $13.24M through 1 strategic funding round. The most recent funding activity was a Series B round of $13.24 million completed in December 2021. 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 B — $13.2M
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First Round
First Round
(22 Dec 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2021 | Amount | Series B - Invertek Drives | Valuation |
investors |
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| 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 Invertek Drives
Invertek Drives has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sumitomo Heavy Industries. 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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Precision control machines and components are manufactured globally.
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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 Invertek Drives
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Invertek Drives
| 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 |
Invertek Drives Comparisons
Competitors of Invertek Drives
Invertek Drives 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 Infinitum, Bonfiglioli, Allient, Allied Motion and ebm-papst, 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 |
AC induction motors are manufactured by Infinitum.
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| domain | founded_year | HQ Location |
Manufacturer of gears, drive motors and gearboxes
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Motors for Automation, Robotics, Automotive and more sectors
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| domain | founded_year | HQ Location |
Motor and servo motion products are manufactured for multiple markets.
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| domain | founded_year | HQ Location |
ebm-papst is recognized as a leader in energy-saving fan technology.
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| domain | founded_year | HQ Location |
Designs and manufactures induction and synchronous motors and generators.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Invertek Drives
Frequently Asked Questions about Invertek Drives
When was Invertek Drives founded?
Invertek Drives was founded in 1998 and raised its 1st funding round 23 years after it was founded.
Where is Invertek Drives located?
Invertek Drives is headquartered in Welshpool, United Kingdom. It is registered at Welshpool, Powys, United Kingdom.
Is Invertek Drives a funded company?
Invertek Drives is a funded company, having raised a total of $13.24M across 1 funding round to date. The company's 1st funding round was a Series B of $13.24M, raised on Dec 22, 2021.
What does Invertek Drives do?
Variable frequency drives are produced by Invertek Drives for diverse industrial applications. Solutions are provided for sectors including agriculture, HVAC, marine, mining, and water management. Products such as Optidrive E3, P2, Eco, and Elevator drives are designed to ensure precise and reliable motor control. Global support is extended through a network covering over 80 countries. Innovation is prioritized with continual investment in a UK-based center for research and development.
Who are the top competitors of Invertek Drives?
Invertek Drives's top competitors include Allient, Infinitum and Bonfiglioli.
What products or services does Invertek Drives offer?
Invertek Drives offers Optidrive E3, Optidrive P2, Optidrive Eco HVAC, and Optidrive Elevator.
Who are Invertek Drives's investors?
Invertek Drives has 1 investor. Key investors include Sumitomo Heavy Industries.