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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People of Sprint Electric
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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 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 |
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| 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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Investors in Sprint Electric
Sprint Electric has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Foresight Group.
| 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 |
Investments & Acquisitions by Sprint Electric
Financial Statements - Sprint Electric
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.
| 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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Frequently Asked Questions about Sprint Electric
Sprint Electric was founded in 1987 and raised its 1st funding round 36 years after it was founded.
Sprint Electric is headquartered in Arundel, United Kingdom. It is registered at Arundel, West Sussex, United Kingdom.
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.
As of Oct 31, 2021, the latest employee count at Sprint Electric is 19.
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.
Sprint Electric's top competitors include Advanced Electric Machines, Integra Engineering and Zikodrive.
Sprint Electric has 1 investor. Key investors include Foresight Group.