About RED Electric
RED Electric is a company based in Nancy (France) founded in 2015.. RED Electric has raised $12.99 million across 2 funding rounds. RED Electric offers products and services including Scooter Comparator, Blog, and Newsletter. RED Electric operates in a competitive market with competitors including Niu, Cibox, UrbanGlide, XOR.Motors and RedE, among others.
- Headquarter Nancy, France
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$12.99 M (USD)
in 2 rounds
-
Latest Funding Round
$868.17 K (USD), Series B
Jul 25, 2022
-
Investors
-
Employee Count
Employee Count
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 RED Electric
RED Electric offers a comprehensive portfolio of products and services, including Scooter Comparator, Blog, and Newsletter. 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.
Tool for comparing electric scooter specs and prices
Offers guides, tips, and news on electric scooters
Delivers updates and advice on electric scooters
Funding Insights of RED Electric
RED Electric has successfully raised a total of $12.99M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $868.17 thousand completed in July 2022. 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 2
- Last Round Series B — $868,165
-
First Round
First Round
(26 Jan 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series B - RED Electric | Valuation |
investors |
|
| Jan, 2021 | Amount | Series B - RED Electric | 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 |
Investments & Acquisitions by RED Electric
| 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 |
Financial Statements - RED Electric
| 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 |
Red Electric Comparisons
Competitors of RED Electric
RED 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 Niu, Cibox, UrbanGlide, XOR.Motors and RedE, 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 scooters are developed and fleets are provided for ride-sharing.
|
|
| domain | founded_year | HQ Location |
Electromobility, storage, and telecommunication equipment are manufactured and distributed.
|
|
| domain | founded_year | HQ Location |
Sells electric scooters, bikes, and accessories for urban transportation.
|
|
| domain | founded_year | HQ Location |
Electric scooters are designed and manufactured by XOR.Motors.
|
|
| domain | founded_year | HQ Location |
Electric scooters are designed and produced by RedE in France.
|
| 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.
|
Frequently Asked Questions about RED Electric
When was RED Electric founded?
RED Electric was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is RED Electric located?
RED Electric is headquartered in Nancy, France. It is registered at Nancy, Meurthe-et-moselle, France.
Is RED Electric a funded company?
RED Electric is a funded company, having raised a total of $12.99M across 2 funding rounds to date. The company's 1st funding round was a Series B of $12.13M, raised on Jan 26, 2021.
What does RED Electric do?
RED Electric was founded in 2015 in Nancy, France, and operates in the electric mobility sector. Various models of electric scooters are developed, incorporating capabilities such as 45 kmh speeds, multiple color options, disc brakes, efficient charging, remote access, and anti-theft systems. A companion mobile application is provided for Android and iOS devices to support user management and operations.
Who are the top competitors of RED Electric?
What products or services does RED Electric offer?
RED Electric offers Scooter Comparator, Blog, and Newsletter.