About TOFAS
TOFAS is a company based in Istanbul (Turkey) founded in 1968.. TOFAS operates in a competitive market with competitors including Ford, Volta Motor, Sealvans and Leo Motors, among others.
- Headquarter Istanbul, Turkey
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$7.73 B (USD)156.92as on Dec 31, 2025
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Net Profit
$194.35 M (USD)59.99as on Dec 31, 2025
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EBITDA
$294.66 M (USD)10.2as on Dec 31, 2025
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Latest Funding Round
$405.81 K (USD), Grant
Feb 01, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of TOFAS
- Total Funding Total Funding
- Total Rounds 9
- Last Round Grant — $405,814
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First Round
First Round
(01 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Grant - TOFAS | Valuation |
investors |
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| Jan, 2021 | Amount | Grant - TOFAS | Valuation |
investors |
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| Oct, 2020 | Amount | Grant - TOFAS | 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 TOFAS
TOFAS has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include 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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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 TOFAS
| 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 - TOFAS
| 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 |
Tofas Comparisons
Competitors of TOFAS
TOFAS 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 Ford, Volta Motor, Sealvans and Leo Motors, 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 |
Automobiles and commercial vehicles are manufactured by Ford.
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| domain | founded_year | HQ Location |
Provides sales, services, and spare parts for electric vehicles.
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| domain | founded_year | HQ Location |
Produces boats and caravans for recreational travel and marine activities.
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| domain | founded_year | HQ Location |
Provides cartridge batteries designed for electric vehicles.
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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 Tofas
Frequently Asked Questions about TOFAS
When was TOFAS founded?
TOFAS was founded in 1968 and raised its 1st funding round 49 years after it was founded.
Where is TOFAS located?
TOFAS is headquartered in Istanbul, Turkey.
What is the annual revenue of TOFAS?
Annual revenue of TOFAS is $7.73B as on Dec 31, 2025.
What does TOFAS do?
TOFAS was founded in 1968 in Istanbul, Turkey, within the automotive industry. Cars and commercial vehicles are produced and distributed through its operations, which center on manufacturing facilities and market outreach in Turkey. The companys domain, tofas.com.tr, supports online presence for these activities. Emphasis is given to vehicle assembly and sales across domestic and select international channels, maintaining a focus on standard automotive output.
Who are the top competitors of TOFAS?
TOFAS's top competitors include Ford, Volta Motor and Sealvans.
Who are TOFAS's investors?
TOFAS has 1 investor. Key investors include European Union.