About Spiers New Technologies
Spiers New Technologies is a company based in Oklahoma City (United States) founded in 2015 was acquired by Cox Automotive in September 2021. It operates as a Managed Services, and Product-as-a-Service. Spiers New Technologies has raised $2.8 million across 2 funding rounds from investors including Cox Automotive and i2E. Spiers New Technologies offers products and services including Diagnostics, Storage, Distribution, Repair & Remanufacture, and Repurpose. Spiers New Technologies operates in a competitive market with competitors including Circunomics, Altilium, PowerTech Water, Ziptrax and GDV Mobility, among others.
- Headquarter Oklahoma City, United States
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Sectors
Transportation, Automotive & LogisticsEnvironment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cox Automotive
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.8 M (USD)
in 2 rounds
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Latest Funding Round
$400 K (USD), Seed
Jul 20, 2020
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Investors
Cox Automotive
& 1 more
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Employee Count
Employee Count
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Acquired by
Cox Automotive
(Sep 01, 2021)
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Products & Services of Spiers New Technologies
Spiers New Technologies offers a comprehensive portfolio of products and services, including Diagnostics, Storage, Distribution, Repair & Remanufacture, and Repurpose. 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.
Battery diagnostics are provided for EV performance analysis.
Specialized storage solutions are offered for EV batteries.
EV battery distribution is managed with dealer support.
Battery repair services are provided for life extension.
Second-life battery repurposing is facilitated for alternative uses.
Environmentally friendly recycling is conducted for EV batteries.
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Funding Insights of Spiers New Technologies
Spiers New Technologies has successfully raised a total of $2.8M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $400 thousand completed in July 2020. 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 Seed — $400,000
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First Round
First Round
(27 Aug 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Seed - Spiers New Technologies | Valuation |
investors |
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| Aug, 2015 | Amount | Seed - Spiers New Technologies | Valuation | i2E |
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| 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 |
Investors in Spiers New Technologies
Spiers New Technologies has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Cox Automotive and i2E. 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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VC & Angel networks focused on science and tech startups
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Founded Year | Domain | Location | |
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Cox Automotive is recognized as a leading provider of automotive services.
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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 Spiers New Technologies
| 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 - Spiers New Technologies
| 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 |
Spiers New Technologies Comparisons
Competitors of Spiers New Technologies
Spiers New Technologies 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 Circunomics, Altilium, PowerTech Water, Ziptrax and GDV Mobility, 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 |
Waste management services for electric vehicle batteries are provided.
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| domain | founded_year | HQ Location |
Recycled EV battery materials are developed for automotive applications.
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| domain | founded_year | HQ Location |
Provider of technology solutions for wastewater treatment
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| domain | founded_year | HQ Location |
AI-powered solutions for lithium-ion battery repurposing and recycling are offered.
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| domain | founded_year | HQ Location |
Offers electric mobility solutions including battery refabrication, recycling, and EV training.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Spiers New Technologies
Frequently Asked Questions about Spiers New Technologies
When was Spiers New Technologies founded?
Spiers New Technologies was founded in 2015.
Where is Spiers New Technologies located?
Spiers New Technologies is headquartered in Oklahoma City, United States. It is registered at Oklahoma City, Oklahoma, United States.
Is Spiers New Technologies a funded company?
Spiers New Technologies is a funded company, having raised a total of $2.8M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.4M, raised on Aug 27, 2015.
What does Spiers New Technologies do?
Spiers New Technologies, under Cox Automotive, is focused on providing end-to-end electric vehicle (EV) battery solutions. Services are offered across diagnostics, storage, distribution, repair, remanufacturing, repurposing, and recycling. The company operates in the automotive sector, specifically targeting electrification needs for OEMs, dealers, and fleet operators. Comprehensive support is provided to extend battery life and promote sustainable practices through environmentally friendly recycling processes. Operations are conducted internationally with a network of service centers to reduce logistics challenges.
Who are the top competitors of Spiers New Technologies?
Spiers New Technologies's top competitors include Altilium, Circunomics and PowerTech Water.
What products or services does Spiers New Technologies offer?
Spiers New Technologies offers Diagnostics, Storage, Distribution, Repair & Remanufacture, and 2 more products and services.
Who are Spiers New Technologies's investors?
Spiers New Technologies has 2 investors. Key investors include Cox Automotive, and i2E.