About Otokar
Otokar is a company based in Adapazari (Turkey) founded in 1963.. The company has 3,770 employees as of December 31, 2024. Otokar has completed 1 acquisition, including Mauri Bus. Otokar offers products and services including Buses, Trucks, and Armored Vehicles. Otokar operates in a competitive market with competitors including Ford, Anadolu Isuzu, TOFAS, Karsan and TEMSA, among others.
- Headquarter Adapazari, Turkey
- Employees 3770 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Otokar Otomotiv Ve Savunma Sanayi A.S.
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Annual Revenue
$958.38 M (USD)24.4as on Dec 31, 2024
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Net Profit
$-87.66 M (USD)-257.75as on Dec 31, 2024
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EBITDA
$423.9 K (USD)-99.34as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
3770
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Otokar
Otokar is a publicly listed company on the BIST with ticker symbol OTKAR in Turkey, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Otokar
Otokar offers a comprehensive portfolio of products and services, including Buses, Trucks, and Armored Vehicles. 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.
Vehicles for public and private transportation services
Light trucks designed for logistics and cargo transport
Protected vehicles used for military operations
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Funding Insights of Otokar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Otokar
Otokar has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Mauri Bus. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bus transportation solutions are provided through Otokar dealership models.
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1921 |
| 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 - Otokar
| 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 |
Otokar Comparisons
Competitors of Otokar
Otokar 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 Ford, Anadolu Isuzu, TOFAS, Karsan and TEMSA, 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 |
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| domain | founded_year | HQ Location |
Automobiles and commercial vehicles are manufactured by Ford.
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| domain | founded_year | HQ Location |
Commercial vehicles are manufactured and distributed by Anadolu Isuzu.
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| domain | founded_year | HQ Location |
Cars and commercial vehicles are manufactured and marketed by TOFAS.
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| domain | founded_year | HQ Location |
Commercial vehicles, including electric and autonomous buses, are manufactured.
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| domain | founded_year | HQ Location |
Buses are manufactured by TEMSA as its core activity.
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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 Otokar
Frequently Asked Questions about Otokar
When was Otokar founded?
Otokar was founded in 1963.
Where is Otokar located?
Otokar is headquartered in Adapazari, Turkey. It is registered at Adapazari, Sakarya, Turkey.
How many employees does Otokar have?
As of Dec 31, 2024, the latest employee count at Otokar is 3,770.
What is the annual revenue of Otokar?
Annual revenue of Otokar is $958.38M as on Dec 31, 2024.
What does Otokar do?
Otokar was established in 1963 and is headquartered in Adapazari, Turkey. Operations focus on the production of heavy commercial vehicles within the automotive and defense industries. Buses and trucks are developed and assembled, with an emphasis on commercial applications. The companys activities are centered in Turkey, supporting domestic and international markets through its manufacturing facilities.
Who are the top competitors of Otokar?
Otokar's top competitors include Ford, Karsan and Anadolu Isuzu.
What products or services does Otokar offer?
Otokar offers Buses, Trucks, and Armored Vehicles.
Is Otokar publicly traded?
Yes, Otokar is publicly traded on BIST under the ticker symbol OTKAR.
How many acquisitions has Otokar made?
Otokar has made 1 acquisition, including Mauri Bus.
What is Otokar's ticker symbol?
The ticker symbol of Otokar is OTKAR on BIST.