About Silex
Silex is a company based in Budapest (Hungary) founded in 1990. Silex operates in a competitive market with competitors including XP Power, Shinry Technologies, YM Tech, Epic Power and Sevcon, among others.
- Headquarter Budapest, Hungary
- SectorsTransportation, Automotive & Logistics
- Website silex.hu
- Latest Funding Round$1.1M (USD), Grant
Oct 2018
- InvestorsEuropean Union
& 1 more
Funding Insights of Silex
- Total Rounds 4
- Last Round Grant — $1.1M
- First Round $56,000
(May 2015)
- Investors Count 2
All 4 funding rounds of Silex 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 |
|---|---|---|---|---|---|
| Oct 2018 | $1.1M | Grant | – | – | |
| Nov 2016 | $1.07M | Grant | – | – | |
| Sep 2015 | $56,216 | Grant | – | – | |
| May 2015 | $56,000 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Silex
Silex has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union and EIC Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Silex
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.
Timeline of Silex
3 dated milestones of Silex across 28 years, from founding to its latest funding, stage changes and deals.
- Founded Silex is founded.
- Funding First funding round of $56K.
- Funding Latest funding round, Grant, of $1.1M.
Competitors of Silex
Silex 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 Sevcon, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| xppower.com | 1991 | Sunnyvale, United States | – | 2 | Manufacturer of power solutions | |
| shinry.com | 2005 | Shenzhen, China | – | – | Power controllers for hybrid and electric vehicles and LED lighting | |
| goodymt.com | 1988 | Cheongju-si, South Korea | – | – | Electrical relay manufacturer | |
| epicpower.es | 2012 | Zaragoza, Spain | – | – | Energy recovery for elevators is enabled through ultracapacitor storage. | |
| sevcon.com | 1962 | Newcastle Upon Tyne, United Kingdom | – | 4 | Power electronics for electric and hybrid vehicles are manufactured. | |
| rinehartmotion.com | 2002 | Wilsonville, United States | – | 20 | Power electronics for electric vehicles and propulsion systems are developed. | |
| azastra.com | 2013 | Ottawa, Canada | – | – | Optoelectronic components for hybrid and electric vehicles are developed. | |
| lgmagna.com | 2021 | Incheon, South Korea | – | – | Manufactures electric motors and power electronics for electric vehicles globally. |
Detailed competitors of Silex
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Silex
10 companies that operate in the same segment as Silex (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about Silex
Silex was founded in 1990 and raised its 1st funding round 25 years after it was founded.
Silex is headquartered in Budapest, Hungary.
The company was founded in 1990 and is headquartered in Budapest, Hungary. Operations are centered on the development and supply of power electronics and powertrain systems tailored for electric commercial vehicles. Focus is placed on the automotive sector, with emphasis on electrification solutions for transport applications. Services include system integration and component manufacturing, supporting the transition to sustainable mobility in the European market.
Silex has 2 investors. Key investors include European Union, and EIC Fund.