About Magna Telemotive
Magna Telemotive is a company based in Muhlhausen (Germany) founded in 2000 was acquired by Magna in April 2016.. The company has 171 employees as of December 31, 2016. Magna Telemotive operates in a competitive market with competitors including Vector, Silicon Mobility, Klepsydra, AVIN Systems and Arccore, among others.
- Headquarter Muhlhausen, Germany
- Employees 171 as on 31 Dec, 2016
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Sectors
Technology
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Phone
*********
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Website
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Social
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Annual Revenue
$57.82 M (USD)-9as on Dec 31, 2022
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Net Profit
$452.1 K (USD)0as on Dec 31, 2022
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EBITDA
$452.1 K (USD)200as on Dec 31, 2022
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Latest Funding Round
- Investors
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Employee Count
171
as on Dec 31, 2016
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Acquired by
Magna
(Apr 25, 2016)
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Funding Insights of Magna Telemotive
| 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 Magna Telemotive
Magna Telemotive has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Magna 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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Automotive components are manufactured and supplied to OEMs.
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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 Magna Telemotive
| 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 - Magna Telemotive
| 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 |
Magna Telemotive Comparisons
Competitors of Magna Telemotive
Magna Telemotive 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 Vector, Silicon Mobility, Klepsydra, AVIN Systems and Arccore, 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 |
Embedded electronics and software solutions for automotive are developed.
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| domain | founded_year | HQ Location |
Embedded system-on-chips are manufactured for automotive and related applications.
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| domain | founded_year | HQ Location |
Provider of software and cloud computing tools for robotic devices
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| domain | founded_year | HQ Location |
Multimedia software solutions for connected vehicles are provided.
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| domain | founded_year | HQ Location |
Embedded systems are provided for automotive industry applications.
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| domain | founded_year | HQ Location |
Embedded systems and modules are designed for autonomous driving platforms.
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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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Latest news on Magna Telemotive
Frequently Asked Questions about Magna Telemotive
When was Magna Telemotive founded?
Magna Telemotive was founded in 2000.
Where is Magna Telemotive located?
Magna Telemotive is headquartered in Muhlhausen, Germany. It is registered at Muhlhausen, Thuringen, Germany.
How many employees does Magna Telemotive have?
As of Dec 31, 2016, the latest employee count at Magna Telemotive is 171.
What is the annual revenue of Magna Telemotive?
Annual revenue of Magna Telemotive is $57.82M as on Dec 31, 2022.
What does Magna Telemotive do?
Magna Telemotive manufactures the automotive infotainment parts. Offerings of the company include bus systems, infotainment, connectivity, driver assistance, vehicle diagnostics, electric mobility, EMC, data loggers, electronics for laboratory set-ups, and test tools for the complete vehicle. In addition, it offers software tools for testing and documentation. Clientele base of the company includes Audi, BMW, Daimler, Porsche, and Volkswagen.
Who are the top competitors of Magna Telemotive?
Magna Telemotive's top competitors include Vector, Silicon Mobility and AVIN Systems.
Who are Magna Telemotive's investors?
Magna Telemotive has 1 investor. Key investors include Magna International.