About Truck-Lite
Truck-Lite is a company based in Erie (United States) founded in 1955 was acquired by Koch Equity Development in September 2015.. Truck-Lite has completed 3 acquisitions, including Lumitec LLC, Rigid and TrackPoint Systems. Truck-Lite operates in a competitive market with competitors including Cummins, Valeo, UNO Minda, Schaeffler and Faurecia, among others.
- Headquarter Erie, United States
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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
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Koch Equity Development
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Lumitec LLC
& 2 more
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Acquired by
Koch Equity Development
(Sep 25, 2015)
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Funding Insights of Truck-Lite
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Private Equity Round - Truck-Lite | Valuation | Genstar Capital |
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| Dec, 2010 | Amount | Unspecified - Truck-Lite | Valuation |
investors |
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| Jun, 2010 | Amount | Private Equity Round - Truck-Lite | 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 Truck-Lite
Truck-Lite has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Koch Equity Development, Genstar Capital and Kelso & Company. 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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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Private equity investments are focused on the United States market.
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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 Truck-Lite
Truck-Lite has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Lumitec LLC, Rigid and TrackPoint Systems. 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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High-quality LED lighting is manufactured for marine and commercial use.
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2007 | ||||
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Trailer tracking and monitoring solutions are developed for cargo vehicles.
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2005 | ||||
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Car parts and accessories are retailed online by Rigid.
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2004 |
| 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 - Truck-Lite
| 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 |
Truck-Lite Comparisons
Competitors of Truck-Lite
Truck-Lite 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 Cummins, Valeo, UNO Minda, Schaeffler and Faurecia, 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 |
Manufacturer of gas-powered construction equipment
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| domain | founded_year | HQ Location |
Automotive products and services are supplied globally to automakers.
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| domain | founded_year | HQ Location |
Manufacturer and supplier of major auto components to OEMs and tier 1 companies
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| domain | founded_year | HQ Location |
Manufacturer of bearings for the automotive industry
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| domain | founded_year | HQ Location |
Automotive components and systems are manufactured for vehicles.
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| domain | founded_year | HQ Location |
Major auto components are manufactured and supplied to OEMs.
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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 Truck-Lite
Frequently Asked Questions about Truck-Lite
When was Truck-Lite founded?
Truck-Lite was founded in 1955 and raised its 1st funding round 55 years after it was founded.
Where is Truck-Lite located?
Truck-Lite is headquartered in Erie, United States. It is registered at Erie, Pennsylvania, United States.
Who is the current CEO of Truck-Lite?
Doug Wolma is the current CEO of Truck-Lite.
What does Truck-Lite do?
Truck-Lite was founded in 1955 in Erie, United States, and operates within the automotive sector. A range of multi-category components is manufactured and supplied, targeting vehicles such as trucks. Production and distribution activities are centered in the United States, with Doug Wolma serving as CEO and President. The companys domain, truck-lite.com, supports its global outreach in component provision.
Who are the top competitors of Truck-Lite?
How many acquisitions has Truck-Lite made?
Truck-Lite has made 3 acquisitions, including Lumitec LLC, Rigid, and TrackPoint Systems.
Who are Truck-Lite's investors?
Truck-Lite has 4 investors. Key investors include Koch Equity Development, Genstar Capital, Kelso & Company, and BDT & MSD Partners.
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