About Sprint Electric
Sprint Electric is a company based in Arundel (United Kingdom) founded in 1987.. Sprint Electric has raised $5.16 million across 2 funding rounds from investors including Foresight Group. The company has 19 employees as of October 31, 2021. Sprint Electric operates in a competitive market with competitors including Advanced Electric Machines, Integra Engineering, ComAp, Vibration Research and Zikodrive, among others.
- Headquarter Arundel, United Kingdom
- Employees 19 as on 31 Oct, 2021
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Sprint Electric Limited
- Date of Incorporation 02 Sep, 1987
- Jurisdiction ARUNDEL, WEST SUSSEX, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.16 M (USD)
in 2 rounds
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Latest Funding Round
$2.4 M (USD), Private Equity Round
May 16, 2024
- Investors
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Employee Count
19
as on Oct 31, 2021
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Sales and Marketing
2 people
Company Team
1 people
Pres./Owner Team
1 people
Leadership Team
1 people
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Funding Insights of Sprint Electric
Sprint Electric has successfully raised a total of $5.16M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $2.4 million completed in May 2024. 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 Private Equity Round — $2.4M
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First Round
First Round
(14 Apr 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Private Equity Round - Sprint Electric | Valuation | Foresight Group |
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| Apr, 2023 | Amount | Private Equity Round - Sprint Electric | Valuation | Foresight Group |
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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 Sprint Electric
Sprint Electric has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Foresight Group. 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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Foresight Group is engaged in sustainable investment management.
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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 Sprint Electric
| 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 - Sprint Electric
| 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 |
Sprint Electric Comparisons
Competitors of Sprint Electric
Sprint 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 Advanced Electric Machines, Integra Engineering, ComAp, Vibration Research and Zikodrive, 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 traction motors are manufactured for the transport sector.
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| domain | founded_year | HQ Location |
Manufacturer of electrical & telecom enclosures
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| domain | founded_year | HQ Location |
Manufactures high-quality industrial controllers for various applications.
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| domain | founded_year | HQ Location |
Produces high-quality microdynamic and vibration controllers for industrial use.
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| domain | founded_year | HQ Location |
Motor controllers are designed and manufactured by Zikodrive.
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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 Sprint Electric
Frequently Asked Questions about Sprint Electric
When was Sprint Electric founded?
Sprint Electric was founded in 1987 and raised its 1st funding round 36 years after it was founded.
Where is Sprint Electric located?
Sprint Electric is headquartered in Arundel, United Kingdom. It is registered at Arundel, West Sussex, United Kingdom.
Is Sprint Electric a funded company?
Sprint Electric is a funded company, having raised a total of $5.16M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $2.76M, raised on Apr 14, 2023.
How many employees does Sprint Electric have?
As of Oct 31, 2021, the latest employee count at Sprint Electric is 19.
What does Sprint Electric do?
Sprint Electric was founded in 1987 and is located in Arundel, United Kingdom. Industrial motor controllers, including DC and AC drives, are produced by the company for various sectors such as manufacturing and automation. Operations focus on design, engineering, and assembly of control systems. Products are distributed globally from the UK base, supporting applications in heavy industry and machinery.
Who are the top competitors of Sprint Electric?
Sprint Electric's top competitors include Advanced Electric Machines, Integra Engineering and Zikodrive.
Who are Sprint Electric's investors?
Sprint Electric has 1 investor. Key investors include Foresight Group.
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