About Magtec
Magtec is a company based in Rotherham (United Kingdom) founded in 1992. The company has 159 employees as of January 31, 2022. Magtec offers products and services including MAGTEC Assist, MAGPAC Battery, MEV75 7.5T, and MEV190 19T. Magtec operates in a competitive market with competitors including XL Fleet Electrification, Effenco and Hybritek, among others.
- Headquarter Rotherham, United Kingdom
- Employees 159 as on 31 Jan, 2022
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Magnetic Systems Technology Limited
- Date of Incorporation 09 Nov, 1992
- Jurisdiction ROTHERHAM, ENGLAND
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Latest Funding Round
$7.4 M (USD), Grant
Jun 29, 2020
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Investors
European Union
& 1 more
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Employee Count
159
as on Jan 31, 2022
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Products & Services of Magtec
Magtec offers a comprehensive portfolio of products and services, including MAGTEC Assist, MAGPAC Battery, MEV75 7.5T, and MEV190 19T.
Provides assistance for electric vehicle operations in various applications.
Offers power solutions for electric vehicles in commercial and defence use.
Enables electric drive for heavy goods vehicles with enhanced performance.
Supports repowering of large transport vehicles for efficient operations.
Funding Insights of Magtec
Investors in Magtec
Magtec has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union and Advanced Propulsion Centre UK.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is directed toward technology sectors by this firm.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Investor details for Magtec
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Magtec
Investment portfolio details for Magtec
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Financial Statements - Magtec
Detailed financials for Magtec
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Magtec Comparisons
Peer comparison for Magtec
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Competitors of Magtec
Magtec 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 XL Fleet Electrification, Effenco and Hybritek, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-enabled fleet electrification systems are provided for commercial vehicles.
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Electric hybrid systems are developed for heavy-duty trucks.
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Develops innovative hybrid electric technologies for commercial vehicles.
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Detailed competitors of Magtec
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Latest news on Magtec
Complete news archive for Magtec
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Frequently Asked Questions about Magtec
Magtec was founded in 1992 and raised its 1st funding round 22 years after it was founded.
Magtec is headquartered in Rotherham, United Kingdom. It is registered at Rotherham, England, United Kingdom.
As of Jan 31, 2022, the latest employee count at Magtec is 159.
Magtec was founded in 1992 and is based in Rotherham, United Kingdom. Electric vehicle drive systems and components are developed and manufactured for commercial applications. Operations are centered on the automotive sector, with a focus on electrification technologies. Services include supply of integrated powertrain solutions to support vehicle manufacturers in transitioning to electric mobility. The companys domain, magtec.co.uk, facilitates global outreach in this field.
Magtec's top competitors include XL Fleet Electrification, Effenco and Hybritek.
Magtec offers MAGTEC Assist, MAGPAC Battery, MEV75 7.5T, and MEV190 19T.
Magtec has 2 investors. Key investors include European Union, and Advanced Propulsion Centre UK.