About MITEC Automotive
MITEC Automotive is a Transportation, Automotive & Logistics company based in Eisenach (Germany) founded in 1990, and was acquired by American Axle & Manufacturing in November 2019. Powertrain components are manufactured and supplied to automotive OEMs. 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. Its focus areas include Auto, Auto Components and Powertrain System. Its legal entity is MITEC Automotive AG. Its competitors include ZF, Schaeffler and MAHLE.
Company details
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.
- Headquarters Eisenach, Germany
- Employees 883
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website mitec-automotive-ag.de
- Social LinkedIn
- Acquired by American Axle & Manufacturing (Nov 2019)
- Legal Name Mitec Automotive Ag
- Total Equity Funding$13.06M (USD)
in 1 rounds
- Latest Funding Round$13.06M (USD), Private Equity Round
Dec 2015
- InvestorsAmerican Axle & Manufacturing
& 1 more
- Employee Count883
- Acquired byAmerican Axle & Manufacturing
(Nov 2019)
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 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 $13.06M
- Total Rounds 1
- Last Round Private Equity Round — $13.06M
- First Round $13.06M
(Dec 2015)
- Investors Count 1
All 1 funding rounds of MITEC Automotive with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2015 | $13.06M | Private Equity Round | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Jebsen Group is engaged in marketing and distribution of premium brands across Greater China. | 1895 | jebsen.com | Hong Kong, Hong Kong | |
Driveline, metal forming, and powertrain components are supplied to aftermarkets. | 1917 | aam.com | Detroit, United States |
Investor details for MITEC Automotive
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Timeline of MITEC Automotive
3 dated milestones of MITEC Automotive across 29 years, from founding to its latest funding, stage changes and deals.
- Founded MITEC Automotive is founded.
- Funding First funding round of $13.1M.
- Exit Acquired by American Axle & Manufacturing.
Competitors of MITEC Automotive
MITEC Automotive has 3 listed competitors in our database. They include ZF, Schaeffler and MAHLE.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zf.com | 1915 | Friedrichshafen, Germany | 168,700 | Mobility systems are developed for cars, vehicles, and industrial uses. | ||
| schaeffler.com | 1946 | Herzogenaurach, Germany | 90,151 | Manufacturer of bearings for the automotive industry | ||
| mahle.com | 1920 | Stuttgart, Germany | 109 | Automotive cooling systems, pistons, and aftermarket components are manufactured. |
Detailed competitors of MITEC Automotive
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Top companies in Automotive Manufacturing & Components
2 companies that operate in the same segment as MITEC Automotive (Automotive Manufacturing & Components) in Germany, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of forklifts, warehouse equipment and other industrial trucks | 2006 | Germany | USD 587.14 M | USD 13.28 B | 42,720 | |
Automotive manufacturing company | 1916 | Munchen, Bayern, Germany | USD 156.8 B |
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Frequently Asked Questions about MITEC Automotive
MITEC Automotive was founded in 1990 and raised its 1st funding round 25 years after it was founded.
MITEC Automotive is headquartered in Eisenach, Germany. It is registered at Eisenach, Thuringen, Germany.
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 2015.
MITEC Automotive has 883 employees.
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.
MITEC Automotive's top competitors include Schaeffler, MAHLE and ZF.
MITEC Automotive has 2 investors. Key investors include American Axle & Manufacturing, and Jebsen Group.
MITEC Automotive operates through Mitec Automotive Ag.
Yes. MITEC Automotive was acquired by American Axle & Manufacturing in November 2019.