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
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name National Electric Vehicle Sweden Ab
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$500 M (USD)
in 4 rounds
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Latest Funding Round
$500 M (USD), Private Equity Round
Mar 15, 2018
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Investors
Evergrande
& 2 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
Evergrande
(Jan 15, 2019)
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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.
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.
People of NEVS
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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 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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Locked | Locked | Locked | |
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Real estate developer
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Locked | Locked | Locked |
Investor details for NEVS
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by NEVS
NEVS has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Protean.
Investment portfolio details for NEVS
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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In-wheel electric drive systems are developed for light-duty vehicles.
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Locked | Locked | 2008 | Locked |
Complete acquisition details for NEVS
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Verified entity values are shown only after access is granted.
Financial Statements - NEVS
Detailed financials for NEVS
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Nevs Comparisons
Peer comparison for NEVS
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Electric vehicles are manufactured and developed by Polestar.
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| Locked | Locked | Locked |
Electric vehicles and solar energy products are manufactured.
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Electric vehicles are manufactured and leased by Fisker Inc.
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| Locked | Locked | Locked |
Electric vehicles are developed and engineered in Beijing, China.
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| Locked | Locked | Locked |
Electric two-wheelers including bikes and mopeds are developed by Vässla.
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Detailed competitors of NEVS
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Latest news on Nevs
Complete news archive for NEVS
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Frequently Asked Questions about NEVS
NEVS was founded in 2012 and raised its 1st funding round 5 years after it was founded.
NEVS is headquartered in Trollhattan, Sweden.
Kai Johan Jiang is the current CEO of NEVS. They have also founded this company.
NEVS is a funded company, having raised a total of $500M across 4 funding rounds to date.
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.
NEVS offers Administrative Service, Car Workshop, Property Maintenance, Industrial Support, and 2 more products and services.
NEVS has made 1 acquisition, including Protean.
NEVS has 3 investors. Key investors include Evergrande, European Union, and GSR Capital.