About TitanX
TitanX is a company based in Goteborg (Sweden) founded in 2008 was acquired by Tata AutoComp in August 2016.. TitanX has raised $28.9 million across 2 funding rounds from investors including EQT, Tata AutoComp and European Union. The company has 224 employees as of December 31, 2021. TitanX offers products and services including Engine Cooling, Oil Coolers, Bus Cooling, Genset Cooling, and Aftermarket Services. TitanX operates in a competitive market with competitors including Modine Manufacturing Company, Nissens, Granges, Banco Products and Grayson Thermal Systems, among others.
- Headquarter Goteborg, Sweden
- Employees 224 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Titanx Engine Cooling, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.9 M (USD)
in 2 rounds
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Latest Funding Round
$447.67 K (USD), Grant
Dec 01, 2016
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Investors
EQT
& 3 more
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Employee Count
224
as on Dec 31, 2021
- Acquired by
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Products & Services of TitanX
TitanX offers a comprehensive portfolio of products and services, including Engine Cooling, Oil Coolers, Bus Cooling, Genset Cooling, and Aftermarket Services. 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.
Delivers cooling systems for vehicle engines to ensure optimal performance and efficiency.
Provides cooling for oils in vehicles to enhance durability and operational effectiveness.
Offers specialized cooling modules for buses to maintain system reliability.
Supplies cooling solutions for power generators to support stationary applications.
Delivers OE-quality parts and support for vehicle maintenance needs.
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Funding Insights of TitanX
TitanX has successfully raised a total of $28.9M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $447.67 thousand completed in December 2016. 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 Grant — $447,669
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First Round
First Round
(12 Mar 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2016 | Amount | Grant - TitanX | Valuation |
investors |
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| Mar, 2013 | Amount | Series B - TitanX | 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 TitanX
TitanX has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include EQT, Tata AutoComp and European Union. 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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A state-owned venture capital company focused on sustainable investments.
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Founded Year | Domain | Location | |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 TitanX
| 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 - TitanX
| 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 |
Titanx Comparisons
Competitors of TitanX
TitanX 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 Modine Manufacturing Company, Nissens, Granges, Banco Products and Grayson Thermal Systems, 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 |
Heat transfer products for vehicles are manufactured and supplied.
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| domain | founded_year | HQ Location |
Manufacturer of automotive aftermarket parts for engine cooling, climate systems, and emissions
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| domain | founded_year | HQ Location |
Manufacturer and supplier of rolled aluminium products for heat exchangers to OEM
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| domain | founded_year | HQ Location |
Cooling systems and gaskets are manufactured for vehicles and machinery.
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| domain | founded_year | HQ Location |
Manufactures & supplies automotive thermal cooling systems to OEMs and aftermarket
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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 Titanx
Frequently Asked Questions about TitanX
When was TitanX founded?
TitanX was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is TitanX located?
TitanX is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Is TitanX a funded company?
TitanX is a funded company, having raised a total of $28.9M across 2 funding rounds to date. The company's 1st funding round was a Series B of $28.9M, raised on Mar 12, 2013.
How many employees does TitanX have?
As of Dec 31, 2021, the latest employee count at TitanX is 224.
What does TitanX do?
TitanX was founded in 2008 in Gothenburg, Sweden, as a supplier of engine cooling solutions for trucks, buses, off-highway equipment, and industrial diesel engines. Manufacturing operations are conducted at sites in Mjällby and Linköping, Sweden; Jamestown, New York, in the United States; and Jaguariúna, Brazil. The company was acquired by Tata AutoComp Systems Ltd. in January 2017 for an undisclosed amount.
Who are the top competitors of TitanX?
TitanX's top competitors include Nissens, Banco Products and Grayson Thermal Systems.
What products or services does TitanX offer?
TitanX offers Engine Cooling, Oil Coolers, Bus Cooling, Genset Cooling, and Aftermarket Services.
Who are TitanX's investors?
TitanX has 4 investors. Key investors include EQT, Tata AutoComp, European Union, and Saminvest.
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