About The Switch
The Switch is an Energy & Utilities company based in Helsinki (Finland) founded in 2006, and was acquired by Mitsui in October 2023. It operates as a megawatt-sized permanent magnet generators for wind power are manufactured. Its website theswitch.com draws about 19 thousand monthly visits. Its focus areas include Energy, Wind Energy, Hardware Developer and Generator. Its competitors include Amsc, Elsewedy Electric, Huisman, ComRent and Nabrawind and 5 more; 4 of its 10 listed competitors have raised funding.
Company details
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.
- Headquarters Helsinki, Finland
- Stage Acquired
- SectorsEnergy & Utilities
- Website theswitch.com
- Social LinkedIn X
- Acquired by Yaskawa (Jul 2014)
- InvestorsMitsui & Co.
& 3 more
- Acquired by
Funding Insights of The Switch
- Total Rounds 2
- Investors Count 2
All 2 funding rounds of The Switch 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 |
|---|---|---|---|---|---|
| Apr 2018 | – | Private Equity Round | – | – | |
| Dec 2008 | – | Series A | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VNT Management is engaged in venture capital for sustainable innovation. | 2003 | vntm.com | Tampere, Finland | |
Motion control, robotics, and system engineering solutions are provided globally. | 1915 | yaskawa-global.com | Germany | |
Traditional conglomerate services are provided across multiple sectors by Mitsui. | 1947 | mitsui.com | Chiyoda City, Japan | |
Electric power infrastructure products and grid systems are developed. | 1987 | amsc.com | United States |
Investor details for The Switch
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People of The Switch
10 people are tracked at The Switch (4 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Miika Reinikka | CEO | Leadership |
Ari Suutarinen | Service After Sales Director | Leadership |
Mathias Martin | Vice President Administration (hr, Ict, Quality, Environment & Compliance) | Leadership |
Juha Tennivaara | Vice President Sales | Leadership |
Markus Hakkarainen | Quality & Environmental Engineer | Team |
Mari Puhakainen | HR & Administration Specialist | Team |
Yuan Lu | Operation Manager | Team |
Markus Yli-Mäenpää | Service Engineer | Team |
Mette Karlman | HR Specialist | Team |
Alexey Venderev | Quality Manager | Team |
Complete people profiles for The Switch
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Timeline of The Switch
Competitors of The Switch
The Switch has 10 listed competitors in our database, 4 of them funded. They include Amsc, Elsewedy Electric, Huisman, ComRent and Nabrawind, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| amsc.com | 1987 | United States | – | 328 | Electric power infrastructure products and grid systems are developed. | |
| elsewedyelectric.com | 1938 | Cairo, Egypt | – | – | Wind turbines, towers, and rotor blades are manufactured in-house. | |
| huismanequipment.com | 1929 | Schiedam, Netherlands | – | – | Provider of maintenance & installation services for wind turbines and other components | |
| comrent.com | 1997 | Upper Marlboro, United States | – | 88 | Testing services for critical power generation systems are provided. | |
| nabrawind.com | 2015 | Pamplona, Spain | $2.37M | – | Wind turbine components and technologies are designed and developed. | |
| aurenenergia.com.br | 1996 | Pinheiros, Brazil | – | – | Hardware for the wind energy industry is developed. | |
| powericaltd.com | 1984 | Mumbai, India | – | 797 | Manufacturer generator for wind energy | |
| danotekmotion.com | 2001 | Canton, United States | $35.45M | – | Develops generators | |
| boulderwindpower.com | 2009 | Boulder, United States | $54.38M | – | Advanced generator technology for utility-scale wind turbines is developed. | |
| beam.global | 2016 | Bristol, United Kingdom | $39.01M | 106 | Sustainable infrastructure solutions for transportation electrification are offered. |
Detailed competitors of The Switch
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of The Switch
The website of The Switch (theswitch.com) receives about 18.7K visits a month.
- Monthly visits18.7K
▲ 28.7% vs previous month
Websites whose visitors overlap most with The Switch. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| xzeres.com | 100% | 680.7K | – | View details | |
ewea.org | ewea.org | 100% | – | #1,450,334 | – |
Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as The Switch (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Related news about The Switch
Complete news archive for The Switch
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Frequently Asked Questions about The Switch
The Switch was founded in 2006 and raised its 1st funding round 2 years after it was founded.
The Switch is headquartered in Helsinki, Finland.
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.
The Switch has 4 investors. Key investors include Mitsui & Co, Amsc, Yaskawa, and VNT Management.
Yes. The Switch was acquired by Yaskawa in July 2014.