About Umove
Umove is a company based in Denmark founded in 2013 was acquired by Cube Infrastructure Managers in October 2024. It operates as a Managed Services. The company has 6 employees as of August 31, 2024. Umove offers products and services including Bus Transportation and Electric Bus Services.
- Headquarter Denmark
- Employees 6 as on 31 Aug, 2024
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Umove A/S
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Annual Revenue
$141.96 M (USD)37as on Dec 31, 2022
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Net Profit
$57.12 M (USD)45as on Dec 31, 2016
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
6
as on Aug 31, 2024
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Acquired by
Cube Infrastructure Managers
(Oct 23, 2024)
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Products & Services of Umove
Umove offers a comprehensive portfolio of products and services, including Bus Transportation and Electric Bus Services. 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.
Bus services are provided for collective traffic nationwide.
Electric buses are operated for environmental sustainability goals.
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Funding Insights of Umove
| 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 Umove
Umove has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cube Infrastructure Managers. 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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Manages investments in energy, telecoms, transport, and environmental infrastructure.
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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 Umove
| 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 - Umove
| 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 |
Umove Comparisons
Competitors of Umove
| 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 Umove
When was Umove founded?
Umove was founded in 2013.
Where is Umove located?
Umove is headquartered in Denmark.
How many employees does Umove have?
As of Aug 31, 2024, the latest employee count at Umove is 6.
What is the annual revenue of Umove?
Annual revenue of Umove is $141.96M as on Dec 31, 2022.
What does Umove do?
Umove is established as one of Denmarks largest private operators in collective traffic, providing bus services across the country for regional traffic companies. Operations are focused on delivering high-quality service and ensuring passenger satisfaction. Emphasis is placed on environmental sustainability through the use of electric buses, biogas buses, and biofuels in various regions. Innovations such as FMS technology for vehicles are developed to enhance efficiency. Additionally, improvements in workplace safety and employee conditions are prioritized, with goals to reduce workplace injuries significantly within five years.
What products or services does Umove offer?
Umove offers Bus Transportation and Electric Bus Services.
Who are Umove's investors?
Umove has 1 investor. Key investors include Cube Infrastructure Managers.