About Sovema
Sovema is an Energy & Utilities company based in Villafranca Di Verona (Italy) founded in 1969, and was acquired by Schuler Group in August 2022. Machinery for lead-acid battery production is supplied by Sovema. Its chief executive, as recorded, is Ashish Lal. Its focus areas include Energy, Energy Storage, Battery and Battery Components.
Company details
Sovema was founded in 1969 and operates as a supplier of machinery used in lead-acid battery production. The company focuses on equipment for manufacturing processes within the industrial machinery sector. Leadership is provided by CEO Ashish Lal. Operations are centered on delivering specialized solutions to battery producers, with the companys online presence maintained through sovemagroup.com. Geographic details for headquarters remain unspecified.
- Headquarters Villafranca Di Verona, Italy
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website sovemagroup.com
- Social LinkedIn
- Acquired by Schuler Group (Aug 2022)
- Latest Funding Round$582.69K (USD), Grant
Sep 2022
- InvestorsEuropean Union
& 1 more
- Acquired bySchuler Group
(Aug 2022)
Funding Insights of Sovema
- Total Rounds 2
- Last Round Grant — $582,693
- First Round $392,605
(Jan 2020)
- Investors Count 1
All 2 funding rounds of Sovema 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 |
|---|---|---|---|---|---|
| Sep 2022 | $582,693 | Grant | – | – | |
| Jan 2020 | $392,605 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Sovema
Sovema has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and ANDRITZ Schuler.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Provider of forming technologies and digital solutions for manufacturing industries. | 1839 | schulergroup.com |
Investor details for Sovema
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- Complete investor list
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People of Sovema
1 people are tracked at Sovema (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ashish Lal | CEO | Leadership |
Complete people profiles for Sovema
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- Team structure
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Timeline of Sovema
4 dated milestones of Sovema across 53 years, from founding to its latest funding, stage changes and deals.
- Founded Sovema is founded.
- Funding First funding round of $393K.
- Exit Acquired by Schuler Group.
- Funding Latest funding round, Grant, of $583K.
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Related news about Sovema
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Frequently Asked Questions about Sovema
Sovema was founded in 1969 and raised its 1st funding round 51 years after it was founded.
Sovema is headquartered in Villafranca Di Verona, Italy. It is registered at Villafranca Di Verona, Veneto, Italy.
Ashish Lal is the CEO of Sovema, as recorded in our data.
Sovema was founded in 1969 and operates as a supplier of machinery used in lead-acid battery production. The company focuses on equipment for manufacturing processes within the industrial machinery sector. Leadership is provided by CEO Ashish Lal. Operations are centered on delivering specialized solutions to battery producers, with the companys online presence maintained through sovemagroup.com. Geographic details for headquarters remain unspecified.
Sovema has 2 investors. Key investors include European Union, and ANDRITZ Schuler.
Yes. Sovema was acquired by Schuler Group in August 2022.