About Sevcon
Sevcon is a company based in Newcastle Upon Tyne (United Kingdom) founded in 1962 was acquired by BorgWarner in July 2017.. The company has 4 employees as of December 31, 2022. Sevcon has completed 1 acquisition, including bassi-srl.eu. Sevcon operates in a competitive market with competitors including XP Power, Shinry Technologies, YM Tech, Epic Power and Silex, among others.
- Headquarter Newcastle Upon Tyne, United Kingdom
- Employees 4 as on 31 Dec, 2022
- Stage Public
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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
*********
- Legal Name Borgwarner Gateshead Limited
- Date of Incorporation 06 Oct, 1951
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$49.8 M21as on Sep 30, 2016
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Net Profit
$-5.81 M-469as on Sep 30, 2016
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EBITDA
$-5.33 M-382as on Sep 30, 2016
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Latest Funding Round
- Investors
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Employee Count
4
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
BorgWarner
(Jul 17, 2017)
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IPO & Listings of Sevcon
Sevcon is a publicly listed company on the NASDAQ with ticker symbol SEV in USA, 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.
Funding Insights of Sevcon
| 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 Sevcon
Sevcon has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include BorgWarner. 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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Manufacturer of multiple automotive parts and accessories
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sevcon
Sevcon has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include bassi-srl.eu. 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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Battery chargers for motive and stand-by power applications are manufactured.
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1974 |
| 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 - Sevcon
| 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 |
Sevcon Comparisons
Competitors of Sevcon
Sevcon 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 XP Power, Shinry Technologies, YM Tech, Epic Power and Silex, 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 |
Manufacturer of power solutions
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| domain | founded_year | HQ Location |
Power controllers for hybrid and electric vehicles and LED lighting
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| domain | founded_year | HQ Location |
Electrical relay manufacturer
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| domain | founded_year | HQ Location |
Energy recovery for elevators is enabled through ultracapacitor storage.
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| domain | founded_year | HQ Location |
Power electronics and powertrains for electric commercial vehicles are supplied.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Sevcon
Frequently Asked Questions about Sevcon
When was Sevcon founded?
Sevcon was founded in 1962.
Where is Sevcon located?
Sevcon is headquartered in Newcastle Upon Tyne, United Kingdom.
Who is the current CEO of Sevcon?
Matthew Boyle is the current CEO of Sevcon.
How many employees does Sevcon have?
As of Dec 31, 2022, the latest employee count at Sevcon is 4.
What is the annual revenue of Sevcon?
Annual revenue of Sevcon is $49.8M as on Sep 30, 2016.
What does Sevcon do?
Sevcon was founded in 1962 in Newcastle Upon Tyne, United Kingdom, and operates in the electric vehicle sector. Power electronics, including controllers and inverters, are produced for EV applications, along with battery chargers. Operations extend globally, with offices maintained in the UK, USA, France, Germany, Japan, and South Korea to support manufacturing and distribution.
Who are the top competitors of Sevcon?
Sevcon's top competitors include YM Tech, XP Power and Azastra Optoelectrics.
Is Sevcon publicly traded?
Yes, Sevcon is publicly traded on NASDAQ under the ticker symbol SEV.
How many acquisitions has Sevcon made?
Sevcon has made 1 acquisition, including bassi-srl.eu.
Who are Sevcon's investors?
Sevcon has 1 investor. Key investors include BorgWarner.
What is Sevcon's ticker symbol?
The ticker symbol of Sevcon is SEV on NASDAQ.
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