About Navitas System
Navitas System is a company based in Detroit (United States) founded in 2010 was acquired by East Penn Manufacturing Co. in August 2019.. The company has 43 employees as of December 31, 2022. Navitas System operates in a competitive market with competitors including A123 Systems, 24m Technologies, Enovix, QuantumScape and Farasis Energy, among others.
- Headquarter Detroit, United States
- Employees 43 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Navitas System Integration
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$110.13 K (USD), Grant
Jul 02, 2018
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Investors
Voltabox
& 2 more
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Employee Count
43
as on Dec 31, 2022
- Acquired by
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Funding Insights of Navitas System
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $110,134
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First Round
First Round
(23 Sep 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Grant - Navitas System | Valuation |
investors |
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| Jun, 2014 | Amount | Grant - Navitas System | Valuation |
investors |
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| Jun, 2013 | Amount | Grant - Navitas System | 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 Navitas System
Navitas System has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Voltabox, East Penn Manufacturing Co. and OSTI.GOV. 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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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Founded Year | Domain | Location | |
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Batteries and wiring products are manufactured for vehicles and industries.
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Founded Year | Domain | Location | |
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Lithium-ion batteries for electric vehicles are supplied by Voltabox.
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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 Navitas System
| 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 - Navitas System
| 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 |
Navitas System Comparisons
Competitors of Navitas System
Navitas System 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 A123 Systems, 24m Technologies, Enovix, QuantumScape and Farasis Energy, 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 |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Semi-solid lithium-ion batteries are developed to address manufacturing issues.
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| domain | founded_year | HQ Location |
Lithium-ion battery cells are developed with 3D silicon anode technology.
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| domain | founded_year | HQ Location |
Solid-state lithium-metal batteries are manufactured with anode-less cell design.
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| domain | founded_year | HQ Location |
Farasis Energy is engaged in sustainable energy solutions development.
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| domain | founded_year | HQ Location |
Silicon nanowire-based Li-Ion batteries are developed for high energy density.
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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 Navitas System
Frequently Asked Questions about Navitas System
When was Navitas System founded?
Navitas System was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Navitas System located?
Navitas System is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
How many employees does Navitas System have?
As of Dec 31, 2022, the latest employee count at Navitas System is 43.
What does Navitas System do?
Navitas System was founded in 2010 and is based in Detroit, United States. Lithium-based cells, batteries, and integrated systems are developed to address specific application needs. Operations center on the energy storage sector, with a focus on customizable solutions for industrial and automotive uses. The domain navitassys.com supports these activities in the battery technology field.
Who are the top competitors of Navitas System?
Navitas System's top competitors include 24m Technologies, Enovix and Farasis Energy.
Who are Navitas System's investors?
Navitas System has 3 investors. Key investors include Voltabox, East Penn Manufacturing Co., and OSTI.GOV.