About Motum
Motum is a company based in Stockholm (Sweden) founded in 2013 was acquired by Mitsubishi Electric in March 2022.. Motum has completed 2 acquisitions, including Uniheis and Vinga Hiss. Motum offers products and services including Elevator Installation, Maintenance Services, and Modernization Services. Motum operates in a competitive market with competitors including Schindler, TK Elevator, KONE, Savaria and ATIS Elevator Inspections, among others.
- Headquarter Stockholm, Sweden
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Sectors
Business Services
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Phone
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Website
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Social
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- Legal Name Motum Ab
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Uniheis
& 1 more
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Acquired by
Mitsubishi Electric
(Mar 23, 2022)
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Products & Services of Motum
Motum offers a comprehensive portfolio of products and services, including Elevator Installation, Maintenance Services, and Modernization Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for installing new elevators in buildings to ensure functionality.
Routine upkeep of elevators to prevent failures and enhance safety.
Updating existing elevators for better efficiency and sustainability.
Funding Insights of Motum
| 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 Motum
Motum has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mitsubishi Electric. 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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Industrial automation, power systems, and semiconductors are manufactured globally.
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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 Motum
Motum has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Uniheis and Vinga Hiss. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Lifts and unlocked elevator systems are provided, along with components.
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2005 | ||||
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Commercial elevator installation services are provided for businesses in Norway.
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1985 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Motum
| 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 |
Motum Comparisons
Competitors of Motum
Motum 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 Schindler, TK Elevator, KONE, Savaria and ATIS Elevator Inspections, 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 |
Elevator maintenance and repair services are provided worldwide.
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| domain | founded_year | HQ Location |
Management consulting, business, and infrastructure services are provided.
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| domain | founded_year | HQ Location |
Elevators, escalators, and maintenance services for buildings are provided.
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| domain | founded_year | HQ Location |
Lifts and elevators are manufactured and supplied by Savaria.
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| domain | founded_year | HQ Location |
Provider of premier elevator inspection services
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for vacuum home lifts and residential elevators.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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 Motum
Frequently Asked Questions about Motum
When was Motum founded?
Motum was founded in 2013.
Where is Motum located?
Motum is headquartered in Stockholm, Sweden.
What does Motum do?
Motum provides installation of new lifts, modernization of existing elevators, service and repairs. Provides tailored elevator solutions to clients as per their needs. They work with open-source elevator systems and components already available in market. Motum group is formed by the merger of elevator companies I.T.K. and Hissgruppen in August 2013, which acquired another player Vinga Hiss and changed its name to Motum in November 2013. Motum group consists of Uppsala Lyftservice, Nordisk Hiss and Hiss-Craft i Sverige brands as well. Claims to generate a revenue of SEK 580M as of November 2015. Majority shareholder of the Motum group is investment fund Accent Equity 2012.
Who are the top competitors of Motum?
Motum's top competitors include KONE, TK Elevator and Schindler.
What products or services does Motum offer?
Motum offers Elevator Installation, Maintenance Services, and Modernization Services.
How many acquisitions has Motum made?
Motum has made 2 acquisitions, including Uniheis, and Vinga Hiss.
Who are Motum's investors?
Motum has 1 investor. Key investors include Mitsubishi Electric.