About MITEC Automotive
MITEC Automotive is a company based in Eisenach (Germany) founded in 1990 was acquired by American Axle & Manufacturing in November 2019.. MITEC Automotive has raised $13.06 million across 1 funding round from investors including American Axle & Manufacturing and Jebsen Group. The company has 883 employees as of December 31, 2017. MITEC Automotive operates in a competitive market with competitors including ZF, Cummins, Cooper Standard, Schaeffler and Linamar, among others.
- Headquarter Eisenach, Germany
- Employees 883 as on 31 Dec, 2017
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mitec Automotive Ag
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.06 M (USD)
in 1 rounds
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Latest Funding Round
$13.06 M (USD), Private Equity Round
Dec 29, 2015
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Investors
American Axle & Manufacturing
& 1 more
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Employee Count
883
as on Dec 31, 2017
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Acquired by
American Axle & Manufacturing
(Nov 07, 2019)
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Funding Insights of MITEC Automotive
MITEC Automotive has successfully raised a total of $13.06M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $13.06 million completed in December 2015. 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 Private Equity Round — $13.1M
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First Round
First Round
(29 Dec 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Private Equity Round - MITEC Automotive | 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 MITEC Automotive
MITEC Automotive has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include American Axle & Manufacturing and Jebsen Group. 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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Jebsen Group is engaged in marketing and distribution of premium brands across Greater China.
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Founded Year | Domain | Location | |
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Driveline, metal forming, and powertrain components are supplied to aftermarkets.
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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 MITEC Automotive
| 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 - MITEC Automotive
| 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 |
Mitec Automotive Comparisons
Competitors of MITEC Automotive
MITEC Automotive 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 ZF, Cummins, Cooper Standard, Schaeffler and Linamar, 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 |
Mobility systems are developed for cars, vehicles, and industrial uses.
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| domain | founded_year | HQ Location |
Manufacturer of gas-powered construction equipment
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| domain | founded_year | HQ Location |
Systems and components for the automotive industry are supplied worldwide.
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| domain | founded_year | HQ Location |
Manufacturer of bearings for the automotive industry
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| domain | founded_year | HQ Location |
Motor vehicle and agricultural parts are manufactured and supplied.
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| domain | founded_year | HQ Location |
Automotive products and services are supplied globally to automakers.
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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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Frequently Asked Questions about MITEC Automotive
When was MITEC Automotive founded?
MITEC Automotive was founded in 1990 and raised its 1st funding round 25 years after it was founded.
Where is MITEC Automotive located?
MITEC Automotive is headquartered in Eisenach, Germany. It is registered at Eisenach, Thuringen, Germany.
Is MITEC Automotive a funded company?
MITEC Automotive is a funded company, having raised a total of $13.06M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $13.06M, raised on Dec 29, 2015.
How many employees does MITEC Automotive have?
As of Dec 31, 2017, the latest employee count at MITEC Automotive is 883.
What does MITEC Automotive do?
MITEC Automotive was founded in 1990 and is based in Eisenach, Germany. Operations focus on the automotive sector, where powertrain components are produced and delivered to original equipment manufacturers. Items manufactured include balancer systems, high-precision drive units, gears, wheel chains, bevel gears, gear sets, gasoline-saving pumps, and turbo compounds. Clients encompass BMW, GM, Skoda, Jaguar, and Bugatti.
Who are the top competitors of MITEC Automotive?
MITEC Automotive's top competitors include Cummins, Valeo and Cooper Standard.
Who are MITEC Automotive's investors?
MITEC Automotive has 2 investors. Key investors include American Axle & Manufacturing, and Jebsen Group.
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