About Ultra Motor
Ultra Motor is a company based in London (United Kingdom) founded in 2003 was acquired by Hero Eco in December 2011.. Ultra Motor has raised $71.9 million across 8 funding rounds from investors including Flintstone Technology, Alfanor and GDS Consult. Ultra Motor operates in a competitive market with competitors including Gocycle, VOLT Bikes, Haibike, HNF-NICOLAI and FuroSystems, among others.
- Headquarter London, United Kingdom
- Stage Minicorn
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Ultra Motor Limited
-
Annual Revenue
$2.83 M25989as on Mar 31, 2010
-
Net Profit
-
EBITDA
-
Total Equity Funding
$71.9 M (USD)
in 8 rounds
-
Latest Funding Round
$29.3 M (USD), Series C
Feb 11, 2010
-
Investors
Flintstone Technology
& 30 more
-
Employee Count
Employee Count
-
Acquired by
Hero Eco
(Dec 28, 2011)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Ultra Motor
Ultra Motor has successfully raised a total of $71.9M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $29.3 million completed in February 2010. 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 8
- Last Round Series C — $29.3M
-
First Round
First Round
(31 Mar 2004)
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2010 | Amount | Series C - Ultra Motor | Valuation |
investors |
|
| Oct, 2008 | Amount | Series B - Ultra Motor | Valuation | Alfa Group Consortium | |
| Jun, 2007 | Amount | Series B - Ultra Motor | Valuation | Alfa Group Consortium |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ultra Motor
Ultra Motor has secured backing from 31 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Flintstone Technology, Alfanor and GDS Consult. 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 |
|---|---|---|---|---|
|
Private equity firm focused on multi-sector
|
Founded Year | Domain | Location | |
|
Delivers comprehensive waste and water management solutions.
|
Founded Year | Domain | Location | |
|
A Romanian company focused on general business consulting services.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Ultra Motor
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Ultra Motor
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ultra Motor Comparisons
Competitors of Ultra Motor
Ultra Motor 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 Gocycle, VOLT Bikes, Haibike, HNF-NICOLAI and FuroSystems, 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 |
Folding electric bikes with automotive-inspired design and technology are manufactured.
|
|
| domain | founded_year | HQ Location |
Electric bicycles are manufactured for urban commuting in the UK.
|
|
| domain | founded_year | HQ Location |
Electric mountain bicycles are developed and manufactured by Haibike.
|
|
| domain | founded_year | HQ Location |
Electric bicycles and cargo tricycles are manufactured by HNF-NICOLAI.
|
|
| domain | founded_year | HQ Location |
Light electric motorcycles and mobility solutions are developed by FuroSystems.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Ultra Motor
When was Ultra Motor founded?
Ultra Motor was founded in 2003 and raised its 1st funding round 1 year after it was founded.
Where is Ultra Motor located?
Ultra Motor is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Ultra Motor?
Joe Bowman is the current CEO of Ultra Motor.
Is Ultra Motor a funded company?
Ultra Motor is a funded company, having raised a total of $71.9M across 8 funding rounds to date. The company's 1st funding round was a Series B of $16M, raised on Mar 31, 2004.
What is the annual revenue of Ultra Motor?
Annual revenue of Ultra Motor is $2.83M as on Mar 31, 2010.
What does Ultra Motor do?
Ultra Motor was founded in 2003 in London, United Kingdom, as a manufacturer in the electric bicycle sector. Operations focused on developing the A2B electric bicycle range, with offices maintained worldwide. The company faced bankruptcy in 2011 and was subsequently acquired by Hero Eco. Leadership was provided by CEO Joe Bowman during its active period.
Who are the top competitors of Ultra Motor?
Ultra Motor's top competitors include Gocycle, FuroSystems and Haibike.
Who are Ultra Motor's investors?
Ultra Motor has 31 investors. Key investors include Flintstone Technology, Alfanor, GDS Consult, Central Reinsurance Company, and Henry de Giey.
What is Ultra Motor's valuation?
The valuation of Ultra Motor is $106.3M as of Feb 2010.