Moventas

Jyvaskyla, Finland Founded: 2005 • Age: 21 yrs Acquired By Flender
Repair and maintenance services for wind turbine gearboxes are provided.
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About Moventas

Moventas is a company based in Jyvaskyla (Finland) founded in 2005 was acquired by Flender in February 2022.. Moventas operates in a competitive market with competitors including SkySpecs, DNV, Cadeler, Alpiq and UpWind Solutions, among others.

  • Headquarter Jyvaskyla, Finland
  • Sectors
    Energy & Utilities
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Energy & Utilities → Renewable & Clean Energy
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
    $783.87 K (USD), Grant

    Jan 01, 2020

  • Investors
    Flender

    & 2 more

  • Employee Count
    Employee Count
  • Acquired by
    Flender

    & 1 more

    (Feb 10, 2022)

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People of Moventas
Headcount 200-500
Employee Profiles 36
Employee Profiles
People
Tommi Rankinen
Logistician
People
Teemu Kukkola
Team Leader, Modelling And Simulation
People
Toikkanen Jari
Vice President RTD
People
Tanya Johnson
Operations Customer Support Moventas Gears Flender Corp

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Funding Insights of Moventas

  • Total Funding
  • Total Rounds 1
  • Last Round Grant — $783,868
  • First Round

    (01 Jan 2020)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Jan, 2020 Amount Grant - Moventas Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Moventas

Moventas has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Flender, European Union and IK Partners. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Private equity investments are directed toward small and medium-sized businesses.
Founded Year Domain Location
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
Founded Year Domain Location
Industrial gears and couplings are manufactured for diverse sectors.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Moventas

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Moventas

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Moventas Comparisons

Employees
+
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Competitors of Moventas

Moventas 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 SkySpecs, DNV, Cadeler, Alpiq and UpWind Solutions, 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
UAV solutions for inspecting hard-to-reach structures are provided.
domain founded_year HQ Location
Offshore classification, training, advisory, and analytics services are provided.
domain founded_year HQ Location
Wind operation and maintenance services are provided globally.
domain founded_year HQ Location
Energy trading, asset management, and renewable solutions are provided.
domain founded_year HQ Location
Wind Turbine Operation & Maintenance provider
domain founded_year HQ Location
Provider of surface protection and industrial services
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Moventas

Flender announces the closing of the acquisition of Moventas
Windtech-International3 years ago
Flender to acquire wind turbine gearbox manufacturer Moventas
Windtech-International3 years ago

Frequently Asked Questions about Moventas

When was Moventas founded?

Moventas was founded in 2005 and raised its 1st funding round 15 years after it was founded.

Where is Moventas located?

Moventas is headquartered in Jyvaskyla, Finland.

Who is the current CEO of Moventas?

Arto Lahtela is the current CEO of Moventas.

What does Moventas do?

Moventas was founded in 2005 in Jyvaskyla, Finland, within the wind energy sector. Repair and operation maintenance services for various wind turbine gearboxes are offered, including problem evaluation, analysis, reverse-engineering, upgrading, and spare parts supply. Assembly units have been established in Finland and the UK, with products distributed across North America, Europe, and Asia Pacific.

Who are the top competitors of Moventas?

Moventas's top competitors include SkySpecs, Alpiq and DNV.

Who are Moventas's investors?

Moventas has 3 investors. Key investors include Flender, European Union, and IK Partners.

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