About MVM
MVM is a company based in Budapest (Hungary) founded in 1963 was acquired by Antenna Hungaria in November 2021. It operates as a Direct-to-Consumer (D2C), and Subscription Services. MVM has completed 2 acquisitions, including EMASZ Halozati and ENEXIO. MVM offers products and services including Electricity Production, Gas Storage, and Energy Retail. MVM operates in a competitive market with competitors including SolServices, RENA Solar, Electron Holding Zrt and Vabeko Solar, among others.
- Headquarter Budapest, Hungary
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Mvm Zrt.
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Annual Revenue
$30.94 M (USD)137as on Dec 31, 2020
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Net Profit
$224.95 K (USD)484as on Dec 31, 2020
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EBITDA
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Latest Funding Round
$846.6 K (USD), Grant
Sep 01, 2020
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Investors
European Union
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
EMASZ Halozati
& 1 more
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Acquired by
Antenna Hungaria
(Nov 19, 2021)
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Products & Services of MVM
MVM offers a comprehensive portfolio of products and services, including Electricity Production, Gas Storage, and Energy Retail. 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.
Electricity is generated through various power plants operated.
Natural gas is stored for distribution and supply.
Energy services are provided to residential and businesses.
Funding Insights of MVM
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $846,596
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First Round
First Round
(01 Sep 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Grant - MVM | 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 MVM
MVM has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Antenna Hungaria. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Subscription-based satellite TV services are delivered to customers.
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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 MVM
MVM has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include EMASZ Halozati and ENEXIO. 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
|
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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Electricity grid management, metering, and connection services are provided.
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2007 | ||||
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Power cooling systems are manufactured for industrial energy applications.
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1935 |
| 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 - MVM
| 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 |
Mvm Comparisons
Competitors of MVM
MVM 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 SolServices, RENA Solar, Electron Holding Zrt and Vabeko Solar, 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 |
Develops and permits large-scale solar parks with emphasis on sustainability.
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| domain | founded_year | HQ Location |
Offers solar panel installations for homes and industries with full maintenance services.
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| domain | founded_year | HQ Location |
Develops and operates renewable energy projects and energy trading services.
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| domain | founded_year | HQ Location |
Provides construction and maintenance of solar power plants with a focus on renewable energy projects.
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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 Mvm
Frequently Asked Questions about MVM
When was MVM founded?
MVM was founded in 1963 and raised its 1st funding round 57 years after it was founded.
Where is MVM located?
MVM is headquartered in Budapest, Hungary.
What is the annual revenue of MVM?
Annual revenue of MVM is $30.94M as on Dec 31, 2020.
What does MVM do?
MVM is involved in the production, storage, transmission, and distribution of electricity and gas across Hungary and neighboring regions. The company operates various power plants, including nuclear, gas, and renewable energy facilities. Services are extended to both retail and wholesale markets, ensuring energy supply to residential and commercial clients. Additionally, network management and system operation are handled to maintain energy infrastructure. Solutions for energy efficiency and mobility are also provided to support sustainable development in the energy sector.
Who are the top competitors of MVM?
MVM's top competitors include SolServices, RENA Solar and Electron Holding Zrt.
What products or services does MVM offer?
MVM offers Electricity Production, Gas Storage, and Energy Retail.
How many acquisitions has MVM made?
MVM has made 2 acquisitions, including EMASZ Halozati, and ENEXIO.
Who are MVM's investors?
MVM has 2 investors. Key investors include European Union, and Antenna Hungaria.