About The Switch
The Switch is a company based in Helsinki (Finland) founded in 2006 was acquired by Mitsui in October 2023.. The Switch operates in a competitive market with competitors including Amsc, Elsewedy Electric, Huisman, ComRent and Nabrawind, among others.
- Headquarter Helsinki, Finland
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Mitsui & Co.
& 3 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of The Switch
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Private Equity Round - The Switch | Valuation |
investors |
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| Dec, 2008 | Amount | Series A - The Switch | Valuation |
investors |
| 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 The Switch
The Switch has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Mitsui & Co., Amsc and Yaskawa. 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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VNT Management is engaged in venture capital for sustainable innovation.
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Founded Year | Domain | Location | |
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Motion control, robotics, and system engineering solutions are provided globally.
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Founded Year | Domain | Location | |
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Traditional conglomerate services are provided across multiple sectors by Mitsui.
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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 The Switch
| 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 - The Switch
| 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 |
The Switch Comparisons
Competitors of The Switch
The Switch 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 Amsc, Elsewedy Electric, Huisman, ComRent and Nabrawind, 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 power infrastructure products and grid systems are developed.
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| domain | founded_year | HQ Location |
Wind turbines, towers, and rotor blades are manufactured in-house.
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| domain | founded_year | HQ Location |
Provider of maintenance & installation services for wind turbines and other components
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| domain | founded_year | HQ Location |
Testing services for critical power generation systems are provided.
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| domain | founded_year | HQ Location |
Wind turbine components and technologies are designed and developed.
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| domain | founded_year | HQ Location |
Hardware for the wind energy industry is developed.
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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 The Switch
Frequently Asked Questions about The Switch
When was The Switch founded?
The Switch was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Where is The Switch located?
The Switch is headquartered in Helsinki, Finland.
What does The Switch do?
Switch Engineering was founded in 2006 in Helsinki, Finland, within the renewable energy sector. Megawatt-sized permanent magnet generators and power converters for wind power applications are designed, developed, manufactured, and supplied. Solar cell inverters, fuel cell inverters, variable speed gensets, and industrial electric drive trains are also produced. Field services, such as commissioning, preventive maintenance, field analysis, and spare parts replacement, are offered to support operations.
Who are the top competitors of The Switch?
Who are The Switch's investors?
The Switch has 4 investors. Key investors include Mitsui & Co., Amsc, Yaskawa, and VNT Management.
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