About Tower Transit Group
Tower Transit Group is a company based in London (United Kingdom) founded in 2013.. Tower Transit Group has completed 2 acquisitions, including Acosta and LibertyBus. Tower Transit Group offers products and services including Bus Franchising Services and Multi-modal Transport Operations.
- Headquarter London, United Kingdom
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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 Tower Transit Group
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Annual Revenue
$59.73 M (USD)-37as on Jun 30, 2022
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Net Profit
$14.35 M (USD)454as on Jun 30, 2022
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EBITDA
$14.06 M (USD)451as on Jun 30, 2022
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Latest Funding Round
$20.64 M (USD), Debt – Conventional
Aug 31, 2021
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Acosta
& 1 more
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Products & Services of Tower Transit Group
Tower Transit Group offers a comprehensive portfolio of products and services, including Bus Franchising Services and Multi-modal Transport Operations. 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.
High-quality bus services are delivered under franchised models in partnership with transport authorities
Transport operations are managed across bus and tourism sectors to adapt to regulated environments
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Funding Insights of Tower Transit Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $20.6M
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First Round
First Round
(31 Aug 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Debt – Conventional - Tower Transit Group | 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 Tower Transit Group
Tower Transit Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Lombard Asset Finance. 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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Asset finance solutions are provided for UK businesses by Lombard.
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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 Tower Transit Group
Tower Transit Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Acosta and LibertyBus. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bus transport services are operated in the Channel Islands.
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2013 | ||||
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Acosta is recognized as a catalyst for omnichannel retail growth.
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1994 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tower Transit Group
| 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 |
Tower Transit Group Comparisons
Competitors of Tower Transit Group
| 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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Frequently Asked Questions about Tower Transit Group
When was Tower Transit Group founded?
Tower Transit Group was founded in 2013 and raised its 1st funding round 8 years after it was founded.
Where is Tower Transit Group located?
Tower Transit Group is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
What is the annual revenue of Tower Transit Group?
Annual revenue of Tower Transit Group is $59.73M as on Jun 30, 2022.
What does Tower Transit Group do?
Tower Transit Group was established in 2013 as a bus operator in the transportation sector. Public bus routes are managed across London, United Kingdom, with services provided under contract to local authorities. Operations include fleet maintenance and route scheduling to support urban mobility. The company maintains a presence in the UK public transport network, focusing on reliable service delivery in the capital region.
What products or services does Tower Transit Group offer?
Tower Transit Group offers Bus Franchising Services and Multi-modal Transport Operations.
How many acquisitions has Tower Transit Group made?
Tower Transit Group has made 2 acquisitions, including Acosta, and LibertyBus.
Who are Tower Transit Group's investors?
Tower Transit Group has 1 investor. Key investors include Lombard Asset Finance.