About NEVS
NEVS is a company based in Trollhattan (Sweden) founded in 2012 by Kai Johan Jiang was acquired by Evergrande in January 2019.. NEVS has raised $500 million across 4 funding rounds from investors including Evergrande, European Union and GSR Capital. NEVS has completed 1 acquisition, including Protean. NEVS offers products and services including Administrative Service, Car Workshop, Property Maintenance, Industrial Support, and Contract Manufacturing. NEVS operates in a competitive market with competitors including Polestar, Tesla, Fisker, BAIC New Energy and Vässla, among others.
- Headquarter Trollhattan, Sweden
- Founders Kai Johan Jiang
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name National Electric Vehicle Sweden Ab
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$500 M (USD)
in 4 rounds
-
Latest Funding Round
$500 M (USD), Private Equity Round
Mar 15, 2018
-
Investors
Evergrande
& 2 more
-
Employee Count
Employee Count
- Investments & Acquisitions
-
Acquired by
Evergrande
(Jan 15, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of NEVS
NEVS offers a comprehensive portfolio of products and services, including Administrative Service, Car Workshop, Property Maintenance, Industrial Support, and Contract Manufacturing. 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.
Provides administrative and consulting services for businesses.
Offers repairs and maintenance for vehicles.
Handles upkeep and support for properties.
Delivers support in production and operations.
Specializes in custom and prototype manufacturing.
Provides rentals for various industrial needs.
Unlock access to complete
Funding Insights of NEVS
NEVS has successfully raised a total of $500M across 4 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $500 million completed in March 2018. 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 Total Funding
- Total Rounds 4
- Last Round Private Equity Round — $500.0M
-
First Round
First Round
(01 Jan 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Private Equity Round - NEVS | Valuation | GSR Capital |
|
| Nov, 2017 | Amount | Grant - NEVS | Valuation |
investors |
|
| Jan, 2017 | Amount | Grant - NEVS | 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 NEVS
NEVS has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Evergrande, European Union and GSR Capital. 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 |
|---|---|---|---|---|
|
Private equity firm
|
Founded Year | Domain | Location | |
|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
|
Founded Year | Domain | Location | |
|
Real estate developer
|
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 NEVS
NEVS has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Protean. 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 |
|---|---|---|---|---|---|
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
In-wheel electric drive systems are developed for light-duty vehicles.
|
2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - NEVS
| 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 |
Nevs Comparisons
Competitors of NEVS
NEVS 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 Polestar, Tesla, Fisker, BAIC New Energy and Vässla, 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 |
Electric vehicles are manufactured and developed by Polestar.
|
|
| domain | founded_year | HQ Location |
Electric vehicles and solar energy products are manufactured.
|
|
| domain | founded_year | HQ Location |
Electric vehicles are manufactured and leased by Fisker Inc.
|
|
| domain | founded_year | HQ Location |
Electric vehicles are developed and engineered in Beijing, China.
|
|
| domain | founded_year | HQ Location |
Electric two-wheelers including bikes and mopeds are developed by Vässla.
|
| 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 Nevs
Frequently Asked Questions about NEVS
When was NEVS founded?
NEVS was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Where is NEVS located?
NEVS is headquartered in Trollhattan, Sweden.
Who is the current CEO of NEVS?
Kai Johan Jiang is the current CEO of NEVS. They have also founded this company.
Is NEVS a funded company?
NEVS is a funded company, having raised a total of $500M across 4 funding rounds to date. The company's 1st funding round was a Grant of $2.72M, raised on Jan 01, 2017.
What does NEVS do?
The company was founded in 2012 in Trollhattan, Sweden, and operates in the automotive sector focused on electric vehicles. Design and development of the Sango model, an autonomous car for city use, are undertaken, featuring six movable seats and privacy walls that allow division into four private areas. Industrial services, including automotive engineering, contract manufacturing, testing, and related support, are provided to clients.
What products or services does NEVS offer?
NEVS offers Administrative Service, Car Workshop, Property Maintenance, Industrial Support, and 2 more products and services.
How many acquisitions has NEVS made?
NEVS has made 1 acquisition, including Protean.
Who are NEVS's investors?
NEVS has 3 investors. Key investors include Evergrande, European Union, and GSR Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.