About Prestolite Electric
Prestolite Electric is a company based in Novi (United States) founded in 1911 was acquired by Darby Overseas Investments in June 2009. It operates as a Reseller / Distribution. Prestolite Electric offers products and services including Alternators, Starters, and New Technology Solutions. Prestolite Electric operates in a competitive market with competitors including Euro Group, Comstar Automotive Technologies, Delco Remy, Raj Auto Ancillary and Sawafuji Electric, among others.
- Headquarter Novi, United States
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Prestolite Electric Incorporated
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Darby Overseas Investments
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Prestolite Electric
Prestolite Electric offers a comprehensive portfolio of products and services, including Alternators, Starters, and New Technology Solutions. 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.
Alternators are manufactured for various vehicle electrical systems.
Starters are produced for starting vehicle engines reliably.
New-energy solutions are developed for modern vehicle applications.
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Funding Insights of Prestolite Electric
| 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 |
Investors in Prestolite Electric
Prestolite Electric has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Darby Overseas Investments and First Atlantic 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 |
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Private equity and infrastructure funds are managed across multiple sectors.
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A private equity firm focused on middle market acquisitions.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Prestolite Electric
| 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 - Prestolite Electric
| 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 |
Prestolite Electric Comparisons
Competitors of Prestolite Electric
Prestolite Electric 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 Euro Group, Comstar Automotive Technologies, Delco Remy, Raj Auto Ancillary and Sawafuji Electric, 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 |
Designer, manufacturer, and supplier of motor core for electric motors & generators
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Designs and manufactures starter motors and alternators for the automobile industry.
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Manufacturer & supplier of automotive alternators & starters
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Manufactures precision components for automotive, consumer, railway, and agricultural industries.
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Electrical and electronic components are manufactured for vehicles and industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prestolite Electric
Frequently Asked Questions about Prestolite Electric
When was Prestolite Electric founded?
Prestolite Electric was founded in 1911.
Where is Prestolite Electric located?
Prestolite Electric is headquartered in Novi, United States. It is registered at Novi, Michigan, United States.
Who is the current CEO of Prestolite Electric?
Michael Shen is the current CEO of Prestolite Electric.
What does Prestolite Electric do?
Prestolite Electric is established as a global leader in the production of alternators, starters, and electrical equipment for various vehicle applications. Operations are focused on automotive and new-energy solutions sectors. Products are designed to ensure uptime, reliability, and power efficiency. Manufacturing and distribution are managed across North America and Europe. Commitment is shown towards next-generation technologies and world-class quality systems. Customer success is supported through continuous product line expansions. Extended service life is prioritized in all offerings.
Who are the top competitors of Prestolite Electric?
Prestolite Electric's top competitors include Euro Group, Comstar Automotive Technologies and Delco Remy.
What products or services does Prestolite Electric offer?
Prestolite Electric offers Alternators, Starters, and New Technology Solutions.
Who are Prestolite Electric's investors?
Prestolite Electric has 2 investors. Key investors include Darby Overseas Investments, and First Atlantic Capital.