About Torotrak
Torotrak is a company based in Leyland (United Kingdom) founded in 1997. It operates as a B2B. The company has 77 employees. Torotrak has completed 2 acquisitions, including Flybrid and PUNCH Flybrid. Torotrak operates in a competitive market with competitors including InMotive, Efficient Drivetrains, U Power, G-edrive and Vagatron, among others.
- Headquarter Leyland, United Kingdom
- Employees 77
- Stage Public
- SectorsTransportation, Automotive & Logistics
- Website torotrak.com/?pid=9POGY27R0
- Social Facebook
- Legal Name Torotrak Plc
- Date of Incorporation 09 Jun, 1998
- Jurisdiction NOTTINGHAM
- Latest Funding Round$57.05K (USD), Grant
Jun 2017
- InvestorsEuropean Union
& 1 more
- Employee Count77
- Investments & AcquisitionsFlybrid
& 1 more
Funding Insights of Torotrak
- Total Rounds 2
- Last Round Grant — $57,046
- First Round $853,911
(Apr 2017)
- Investors Count 2
All 2 funding rounds of Torotrak 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 |
|---|---|---|---|---|---|
| Jun 2017 | $57,046 | Grant | – | – | |
| Apr 2017 | $853,911 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Torotrak
Torotrak has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union and EIC Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Torotrak
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Investments & Acquisitions by Torotrak
Torotrak has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Flybrid and PUNCH Flybrid.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Flywheel-based energy storage systems are provided for hybrid vehicles. | flybrid.co.uk | Towcester, United Kingdom | 2007 | Jan 2014 | •••• | |
Flywheel-based energy storage solutions are developed for energy recovery. | punchflybrid.com | Silverstone, United Kingdom | 2007 | Jan 2014 | •••• |
Complete acquisition details for Torotrak
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Timeline of Torotrak
6 dated milestones of Torotrak across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Torotrak is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires PUNCH Flybrid.
- Acquisition Acquires Flybrid.
- Funding First funding round of $854K.
- Funding Latest funding round, Grant, of $57K.
Competitors of Torotrak
Torotrak 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 InMotive, Efficient Drivetrains, U Power, G-edrive and Vagatron, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| inmotive.com | 2010 | Toronto, Canada | $600,000 | 32 | Patented transmission systems for electric vehicle motors are developed. | |
| efficientdrivetrains.com | 2006 | Palo Alto, United States | $31.81M | 7 | High-efficiency CVTs are designed and manufactured for electric vehicles. | |
| upower.com | 2021 | Hefei, China | – | – | AI-driven super boards are manufactured for electric vehicle design. | |
| g-edrive.com | 2018 | Beijing, China | $7.13M | – | Powertrains, electric drives, and transmission systems for EVs are manufactured. | |
| vagatron.com | 2017 | Chennai, India | – | – | Manufactures series hybrid trucks and buses using linear engine technology. | |
| precitorq.in | 2022 | Pune, India | – | – | Provides end-to-end transmission solutions for electric vehicles and robotics applications. | |
| evttech.com | 2016 | China | – | – | Develops transmission systems for electric vehicles in stealth mode. |
Detailed competitors of Torotrak
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- Full competitor set
- Operating metrics
- Benchmarks
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Latest news on Torotrak
Complete news archive for Torotrak
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Similar companies to Torotrak
10 companies that operate in the same segment as Torotrak (Automotive Manufacturing & Components), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of infotainment and audio solutions for multiple sectors | 1980 | Stamford, Connecticut, United States | – | – | – | |
Manufacturer of gas-powered construction equipment | 1919 | United States | – | USD 1.21 B | 5,230 | |
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of forklifts, warehouse equipment and other industrial trucks | 2006 | Germany | USD 587.14 M | USD 13.28 B | 42,720 | |
Automobiles and related products are manufactured by Volvo Cars. | 1927 | Goteborg, Vastra Gotaland, Sweden | USD 1.07 B | USD 38.79 B | 42,600 | |
Motor vehicles and parts are manufactured, imported, distributed, and sold. | 1994 | Irvine, California, United States | – | USD 79.03 B | 35,750 | |
Automotive manufacturing company | 1916 | Munchen, Bayern, Germany | – | USD 156.8 B | – | |
Rechargeable batteries are distributed globally by BYD. | 1994 | Los Angeles, California, United States | – | – | 269 | |
Automotive vehicles including cars, trucks, and SUVs are manufactured. | 1957 | Plano, Texas, United States | – | – | – | |
Motorcycles are manufactured, along with parts, apparel, and financial services. | 1903 | Milwaukee, Wisconsin, United States | – | USD 4.47 B | 5,900 |
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Frequently Asked Questions about Torotrak
Torotrak was founded in 1997 and raised its 1st funding round 20 years after it was founded.
Torotrak is headquartered in Leyland, United Kingdom. It is registered at Leyland, England, United Kingdom.
Torotrak has 77 employees.
Torotrak, established in 1997, excels in producing manufactured goods, dealing with automotive parts, transmission systems, and toroidal variator technology. Develops automotive transmission products using toroidal variator technology for enhanced performance. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Torotrak's top competitors include U Power, Efficient Drivetrains and InMotive.
Torotrak has made 2 acquisitions, including Flybrid, and PUNCH Flybrid.
Torotrak has 2 investors. Key investors include European Union, and EIC Fund.
Torotrak operates through Torotrak Plc.