About Michigan Economic Development
Michigan Economic Development is a company based in Lansing (United States) founded in 1997.. Michigan Economic Development operates in a competitive market with competitors including Ridepanda, Highland Electric Fleet, Electrada, Zeus Electric Chassis and CCE Golf Cars, among others.
- Headquarter Lansing, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$35.32 M (USD), Grant
Oct 07, 2015
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Investors
U.S. Department of Transportation
& 5 more
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Employee Count
Employee Count
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Funding Insights of Michigan Economic Development
- Total Funding Total Funding
- Total Rounds 44
- Last Round Grant — $35.3M
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First Round
First Round
(03 Nov 2003)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Grant - Michigan Economic Development | Valuation |
investors |
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| Jun, 2012 | Amount | Grant - Michigan Economic Development | Valuation |
investors |
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| Oct, 2010 | Amount | Grant - Michigan Economic Development | Valuation |
investors |
| 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 Michigan Economic Development
Michigan Economic Development has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include U.S. Department of Transportation, US Department of Labor and HUD Exchange. 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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Administers labor laws, provides worker benefits, and ensures workplace protections.
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Founded Year | Domain | Location | |
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Transportation website for planning and coordinating federal transportation projects
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Founded Year | Domain | Location | |
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Resources and assistance are provided to HUD's community partners.
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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 Michigan Economic Development
| 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 - Michigan Economic Development
| 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 |
Michigan Economic Development Comparisons
Competitors of Michigan Economic Development
Michigan Economic Development 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 Ridepanda, Highland Electric Fleet, Electrada, Zeus Electric Chassis and CCE Golf Cars, 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 |
Multi-category electric vehicles are retailed online via quiz-based recommendations.
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| domain | founded_year | HQ Location |
Dealership services for automotive electric vehicles are provided.
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| domain | founded_year | HQ Location |
Automotive electric vehicles are manufactured by Electrada.
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| domain | founded_year | HQ Location |
Automotive electric chassis are manufactured for vehicle applications.
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| domain | founded_year | HQ Location |
Electric Club Car and GEM/Polaris vehicles are distributed.
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| domain | founded_year | HQ Location |
Automotive electric vehicles are manufactured by Clean Republic.
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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 Michigan Economic Development
Frequently Asked Questions about Michigan Economic Development
When was Michigan Economic Development founded?
Michigan Economic Development was founded in 1997 and raised its 1st funding round 6 years after it was founded.
Where is Michigan Economic Development located?
Michigan Economic Development is headquartered in Lansing, United States. It is registered at Lansing, Michigan, United States.
What does Michigan Economic Development do?
Michigan Economic Development was founded in 1997 and is located in Lansing, United States. Focus is placed on economic growth initiatives within the state. Operations involve supporting business attraction, retention, and expansion through targeted programs. Services are extended to companies and communities to strengthen the regional economy. Activities are conducted via the domain michiganadvantage.org to promote sustainable development opportunities.
Who are the top competitors of Michigan Economic Development?
Michigan Economic Development's top competitors include Highland Electric Fleet, Ridepanda and Electrada.
Who are Michigan Economic Development's investors?
Michigan Economic Development has 6 investors. Key investors include U.S. Department of Transportation, US Department of Labor, HUD Exchange, National Science Foundation, and OSTI.GOV.
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