About NEVS
NEVS is a Transportation, Automotive & Logistics company based in Trollhattan (Sweden) founded in 2012 by Kai Johan Jiang, and was acquired by Evergrande in January 2019. Electric autonomous cars are manufactured for urban mobility needs. 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. Its chief executive, as recorded, is Kai Johan Jiang. NEVS offers products and services including Administrative Service, Car Workshop, Property Maintenance, Industrial Support, and Contract Manufacturing. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Multi Category Vehicles. Its legal entity is National Electric Vehicle Sweden AB. Its competitors include Polestar, Vässla and Movs Technology Group; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Trollhattan, Sweden
- Founders Kai Johan Jiang
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website nevs.com
- Social LinkedIn X Facebook Instagram
- Acquired by Evergrande (Jan 2019)
- Legal Name National Electric Vehicle Sweden Ab
- Total Equity Funding$500M (USD)
in 4 rounds
- Latest Funding Round$500M (USD), Private Equity Round
Mar 2018
- InvestorsEvergrande
& 2 more
- Investments & Acquisitions
- Acquired byEvergrande
(Jan 2019)
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.
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.
- Total Funding $500M
- Total Rounds 4
- Last Round Private Equity Round — $500M
- First Round $455,290
(Jan 2017)
- Investors Count 2
All 4 funding rounds of NEVS with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2018 | $500M | Private Equity Round | – | GSR Capital | – |
| Nov 2017 | $2.99M | Grant | – | – | |
| Jan 2017 | $2.72M | Grant | – | – | |
| Jan 2017 | $455,290 | Grant | – | – |
3 investors in total: 3 institutional.
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 |
|---|---|---|---|---|
Private equity firm | gsrcapital.com | Chaoyang, China | ||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Real estate developer | 1996 | evergrande.com | Shenzhen, China |
Investor details for NEVS
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of NEVS
27 people are tracked at NEVS (5 in leadership, 22 in team).
| Name | Role | Group |
|---|---|---|
Kai Johan Jiang | Founder & CEO | Leadership |
Ola Einarsson | Chief Operating Officer (coo) | Leadership |
Morgan Fransson | Vice President | Leadership |
Simon Padian | Creative Director | Leadership |
Thomas Bark | IT Director Product Development At National Electric Vehicle Sweden AB | Leadership |
Bengt Karlsson | Project Leader Test & Validation | Team |
Sara Emanuelsson | Financial Manager | Team |
Martin Andersson | NEVS – Mechanical Architecture Manager | Team |
Nina Selander | VD | Team |
Peter Ivarsson | Vehicle Motion Controls Engineer | Team |
Susanne Pettersson | Quality Engineer/ Master Black Belt Design For Six Sigma | Team |
Anders Jagefeldt | Key Account Manager | Team |
Patrik Björklund | Finance, Legal, S&BD | Team |
Peter Rissanen | Process Engineering | Team |
Anders Persson | Pensionär | Team |
David Kangas | Product Owner / Software Architect, Car Computer Software | Team |
Mikael Seppi | Senior Process Engineer | Team |
Johan Knutsson | Manager - Maintenance & Fleet Management | Team |
Steven Michael Caskey | Commodity Manager | Team |
Hongbin du | Engineering Project Manager | Team |
7 more people are available in the full profile.
Complete people profiles for NEVS
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
In-wheel electric drive systems are developed for light-duty vehicles. | proteanelectric.com | Farnham, United Kingdom | 2008 | May 2019 | •••• |
Complete acquisition details for NEVS
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of NEVS
5 dated milestones of NEVS across 7 years, from founding to its latest funding, stage changes and deals.
- Founded NEVS is founded.
- Funding First funding round of $455K.
- Funding Latest funding round, Private Equity Round, of $500.0M.
- Exit Acquired by Evergrande.
- Acquisition Acquires Protean.
Competitors of NEVS
NEVS has 3 listed competitors in our database, 2 of them funded. They include Polestar, Vässla and Movs Technology Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| polestar.com | 1996 | Gothenburg, Sweden | $550M | Electric vehicles are manufactured and developed by Polestar. | ||
| vassla.com | 2017 | Stockholm, Sweden | $13.5M | Electric two-wheelers including bikes and mopeds are developed by Vässla. | ||
| movstechnology.com | 2005 | Stockholm, Sweden | Multi-category electric two-wheelers and mobility solutions are developed. |
Detailed competitors of NEVS
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- Full competitor set
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- Benchmarks
- Competitive positioning
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Web traffic of NEVS
The website of NEVS (nevs.com) receives about 4.3K visits a month.
- Monthly visits4.3K
▲ 580.8% vs previous month
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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 CEO of NEVS, as recorded in our data. 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's 1st funding round was a Grant of $455.29K, raised on Jan 2017.
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's top competitors include Polestar, Vässla and Movs Technology Group.
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.
NEVS operates through National Electric Vehicle Sweden Ab.
Yes. NEVS was acquired by Evergrande in January 2019.