About IoTecha
IoTecha is a company based in Cranbury (United States) founded in 2015 by Oleg Logvinov and Michael Macaluso.. IoTecha has raised $18.94 million across 2 funding rounds from investors including bp and ECS. The company has 25 employees as of December 31, 2022. IoTecha operates in a competitive market with competitors including Monta, SWTCH, AmpUp, Smartcar and Fuuse, among others.
- Headquarter Cranbury, United States
- Employees 25 as on 31 Dec, 2022
- Founders Oleg Logvinov, Michael Macaluso
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Iotecha Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.94 M (USD)
in 2 rounds
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Latest Funding Round
$17.44 M (USD), Series B
Jun 21, 2021
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Investors
bp
& 1 more
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Employee Count
25
as on Dec 31, 2022
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Funding Insights of IoTecha
IoTecha has successfully raised a total of $18.94M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $17.44 million completed in June 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 2
- Last Round Series B — $17.4M
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First Round
First Round
(20 Jun 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - IoTecha | Valuation | BP Ventures |
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| Jun, 2018 | Amount | Series A - IoTecha | Valuation | ECS |
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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 IoTecha
IoTecha has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include bp and ECS. 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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bp is recognized as a global energy company.
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Founded Year | Domain | Location | |
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Manufacturer of mini PCs and industrial computing solutions
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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 IoTecha
| 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 - IoTecha
| 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 |
Iotecha Comparisons
Competitors of IoTecha
IoTecha 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 Monta, SWTCH, AmpUp, Smartcar and Fuuse, 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 |
Monta is recognized as a provider of EV charging software solutions.
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| domain | founded_year | HQ Location |
Provider of EV charging management systems
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| domain | founded_year | HQ Location |
Tech-enabled platform offering charging point management solutions
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| domain | founded_year | HQ Location |
Provider of SaaS-driven API platform for connected car data
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| domain | founded_year | HQ Location |
Electric-vehicle charging stations are managed via a SaaS platform.
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| domain | founded_year | HQ Location |
EV charging platform is provided for network expansion in India.
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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 Iotecha
Frequently Asked Questions about IoTecha
When was IoTecha founded?
IoTecha was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is IoTecha located?
IoTecha is headquartered in Cranbury, United States. It is registered at Cranbury, New Jersey, United States.
Who is the current CEO of IoTecha?
Oleg Logvinov is the current CEO of IoTecha. They have also founded this company.
Is IoTecha a funded company?
IoTecha is a funded company, having raised a total of $18.94M across 2 funding rounds to date. The company's 1st funding round was a Series A of $1.5M, raised on Jun 20, 2018.
How many employees does IoTecha have?
As of Dec 31, 2022, the latest employee count at IoTecha is 25.
What does IoTecha do?
IoTecha was founded in 2015 and is headquartered in Cranbury, United States. Operations focus on the electric vehicle sector, where smart chargers are developed to address charging infrastructure challenges. Features such as Plug and Charge and bi-directional power flow are incorporated to ensure compatibility across various vehicles and service providers. Convenience and cost-effectiveness for EV drivers are prioritized in the product design.