About Veoneer
Veoneer is a Transportation, Automotive & Logistics company based in Stockholm (Sweden) founded in 2018, and was acquired by American Industrial Partners in December 2023. It operates as a tech-enabled vision-based ADAS and autonomous vehicle solutions are provided. Its chief executive is Jan Carlson. Its website veoneer.com draws about 11 thousand monthly visits. Its Indian entity Magna Electronics India Private Limited reported revenue of ₹169 Cr. Veoneer offers products and services including Safety Electronics and Restraint Systems. Its focus areas include Auto Tech, Autonomous Vehicles, Enabling Technologies and Perception. Its competitors include Mobileye, Indie Semiconductor, Black Sesame Technologies, Autobrains and Aviva Links and 2 more; 7 of its 7 listed competitors have raised funding.
Company details
Veoneer was founded in 2018 in Stockholm, Sweden, and operates within the automotive technology sector. Software and hardware solutions for connected and autonomous vehicles are offered, including vision systems, lidar, radar, and driver monitoring systems. ADAS features are integrated to support vehicle safety and performance, with operations focused on cost-effective driving optimization across global markets.
- Headquarters Stockholm, Sweden
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Phone•••• ••••
- Website veoneer.com
- Social LinkedIn X Facebook YouTube
- Acquired by Magna (Jun 2023)
- Legal Name Magna Electronics India Private Limited
- Date of Incorporation 26 Dec, 2017
- Annual Revenue₹169 Cr
FY 2025 · -24% YoY
- Net Profit₹13.42 Cr
FY 2025 · 8% margin
- EBITDA₹30.83 Cr
FY 2025 · 18% margin
- Latest Funding Round$1.08M (USD), Grant
Mar 2021
- InvestorsQualcomm
& 4 more
- Acquired by
Associated legal entities of Veoneer
Veoneer operates through Magna Electronics India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Magna Electronics India Private Limited CIN U35923KA2017FTC108947 | Active | 26 Dec 2017 | Bangalore, Karnataka | ₹169 Cr | 413 | 3 | View details |
Products & Services of Veoneer
Veoneer offers a comprehensive portfolio of products and services, including Safety Electronics and Restraint Systems.
Sensors and control units for vehicle crash protection.
Systems designed to enhance occupant safety in crashes.
Apps and channels of Veoneer
its YouTube channel Veoneer has 1.1K subscribers and 1 videos.
Videos from Veoneer
The most watched videos on Veoneer's YouTube channel, Veoneer (1.1K subscribers). Click a video to play it here.
More on Veoneer.
Funding Insights of Veoneer
- Total Rounds 6
- Last Round Grant — $1.08M
- First Round $484,160
(Jan 2019)
- Investors Count 1
All 6 funding rounds of Veoneer 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 |
|---|---|---|---|---|---|
| Mar 2021 | $1.08M | Grant | – | – | |
| Nov 2020 | $502,212 | Grant | – | – | |
| Oct 2020 | – | Grant | – | – | |
| Apr 2020 | $251,040 | Grant | – | – | |
| May 2019 | $207M | Post-IPO | – | – | – |
| Jan 2019 | $484,160 | Grant | – | – |
5 investors in total: 5 institutional.
Investors in Veoneer
Veoneer has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Qualcomm, Magna International and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Control investments are made in middle-market industrial businesses. | – | americanindustrial.com | New York, United States | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Provider of cloud and AI-based cellular communication ICs | 1985 | qualcomm.com | San Diego, United States | |
Automotive components are manufactured and supplied to OEMs. | 1957 | magna.com | Aurora, Canada | |
- | – | sswpartners.com | - |
Investor details for Veoneer
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Magna Electronics India Private Limited (Veoneer)
Magna Electronics India Private Limited is the primary company behind Veoneer. The board of Magna Electronics India Private Limited currently have 2 directors; the longest-serving is John Harold Rogers, appointed in 2024. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| John Harold Rogers DIN 05309224 | Director | 09 Feb 2024 | 2 yrs 8 mo | Magna Electronics India Private Limited |
| Lionel Edward Jordan DIN 09581963 | Director | 24 Mar 2025 | 1 yr 6 mo | Magna Electronics India Private Limited |
People of Veoneer
111 people are tracked at Veoneer (37 in leadership, 6 in board & advisors, 68 in team).
| Name | Role | Group |
|---|---|---|
Jan Carlson | President and CEO | Leadership |
Seven Zhang | Executive Vice President BU China | Leadership |
Robert Bisciotti | Executive Vice President Business Unit North America | Leadership |
Per Skytt | Executive Vice President Technical Competence Centers | Leadership |
Medhat Said | Senior Director | Leadership |
Cindie Zhang | Human Resources Director | Leadership |
Tommy Blom | HR Business Partner | Leadership |
Ryan Muschong | Sr. Commercial & Program Director | Leadership |
Cathrine Stjarnekull | Communications And Sustainability Director | Leadership |
Nicolas Grasselli | Global Director Product Safety And Security | Leadership |
Laurie Lazorka | HR Business Partner | Leadership |
Gregory Kielb | Senior Commercial And Programs Director, Ford | Leadership |
Ankur Doshi | Director Of Business Development | Leadership |
Milad Haddad | Director | Leadership |
Brittany Kostiuk | Director Of Purchasing, Americas | Leadership |
Arnaud S. | Director Purchasing, Process & Training | Leadership |
Alex Goutis | Director Of Finance: Global Controller | Leadership |
Frank Judge | Director - Interior Sensing Systems | Leadership |
Scott Brawner | General Manager North America And Senior Vice President Of Sales | Leadership |
Kimberly Actis | Director Of Finance | Leadership |
91 more people are available in the full profile.
Complete people profiles for Veoneer
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Veoneer
Figures of Magna Electronics India Private Limited, the primary company behind Veoneer, for FY 2025. Revenue was ₹169 Cr (-24% year on year). Net profit was ₹13.42 Cr (8% margin). EBITDA was ₹30.83 Cr (18% margin). Revenue has grown at a compounded annual rate of -22% over three years and -12% over five years.
- ₹169 CrRevenue · FY 2025 · -24% YoY
- ₹13.42 CrNet profit · 8% margin
- ₹30.83 CrEBITDA · 18% margin
- ₹140 CrPaid-up capital
- 413Employees (provident fund records)
- -22%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Magna Electronics India Private Limited are on its company page.
Detailed financial statements for Veoneer
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Veoneer
7 dated milestones of Veoneer across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Veoneer is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $484K.
- Funding Latest funding round, Grant, of $1.1M.
- Exit Acquired by Qualcomm.
- Exit Acquired by Magna.
- Exit Acquired by American Industrial Partners.
Competitors of Veoneer
Veoneer has 7 listed competitors in our database, 7 of them funded. They include Mobileye, Indie Semiconductor, Black Sesame Technologies, Autobrains and Aviva Links, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mobileye.com | 1999 | Jerusalem, Israel | $530M | – | AI-based system-on-chips are developed for advanced driver assistance systems. | |
| indiesemi.com | 2007 | Aliso Viejo, United States | $3M | 900 | Manufacturer of SoCs for automotive industry | |
| bst.ai | 2016 | Pudong, China | $500M | – | Developer of AI-based chips for machine vision tasks | |
| autobrains.ai | 2019 | Tel Aviv, Israel | $120M | – | AI-enabled perception solutions for autonomous vehicles are provided. | |
| avivalinks.com | 2020 | San Jose, United States | $26.5M | 23 | AI-enabled connectivity solutions for autonomous driving are offered. | |
| autofreetech.com | 2016 | Hangzhou, China | $200M | – | Supplier of ADAS & automotive active safety stems | |
| aicc-corp.cn | 2020 | Beijing, China | $15.49M | – | Cloud-enabled vehicle control solutions are developed for autonomous driving. |
Detailed competitors of Veoneer
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Veoneer
The website of Veoneer (veoneer.com) receives about 11.4K visits a month.
- Monthly visits11.4K
▲ 5.7% vs previous month
Top companies in Autonomous Vehicles
10 companies that operate in the same segment as Veoneer (Autonomous Vehicles), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based system-on-chips are developed for advanced driver assistance systems. | 1999 | Jerusalem, Jerusalem District, Israel | USD 530 M | USD 1.89 B | 3,820 | |
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 2,619 | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 | |
SaaS-enabled hardware and software for autonomous vehicles are developed. | 2013 | San Francisco, California, United States | USD 7.72 B | – | 3,326 | |
Autonomous driving and ADAS solutions are developed for vehicles. | 1990 | Pune, Maharashtra, India | – | USD 687.99 M | 10,470 | |
AI-enabled autonomous vehicles are developed for local goods deliveries. | 2016 | Menlo Park, California, United States | USD 2.34 B | – | 1,152 | |
Indra is recognized as a global leader in transportation, air traffic, and defense solutions. | 1992 | Madrid, Madrid, Spain | USD 279.03 M | USD 6.42 B | 60,910 | |
Self-driving vehicle solutions are developed and deployed for transportation. | 2009 | Mountain View, California, United States | USD 27.1 B | – | – | |
Developer of solid-state LiDAR sensors and perception software for autonomous vehicles | 2016 | Rosh Haayin, Central District, Israel | USD 252 M | USD 55.09 M | 415 | |
AI-enabled self-driving solutions are developed for autonomous vehicles. | 2016 | Fremont, California, United States | USD 1.19 B | USD 75.06 M | 515 |
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Related news about Veoneer
Complete news archive for Veoneer
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Frequently Asked Questions about Veoneer
Veoneer was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Veoneer is headquartered in Stockholm, Sweden.
Jan Carlson is the current CEO of Veoneer.
The primary company behind Veoneer, Magna Electronics India Private Limited, reported revenue of ₹169 Cr for FY 2025, down 24% year on year.
Veoneer was founded in 2018 in Stockholm, Sweden, and operates within the automotive technology sector. Software and hardware solutions for connected and autonomous vehicles are offered, including vision systems, lidar, radar, and driver monitoring systems. ADAS features are integrated to support vehicle safety and performance, with operations focused on cost-effective driving optimization across global markets.
Veoneer's top competitors include Mobileye, Indie Semiconductor and Black Sesame Technologies.
Veoneer offers Safety Electronics and Restraint Systems.
Veoneer has 5 investors. Key investors include Qualcomm, Magna International, European Union, American Industrial Partners, and SSW Partners.
Veoneer operates through Magna Electronics India Private Limited.
Yes. Veoneer was acquired by Magna in June 2023.
The legal entities of Veoneer currently have 3 directors, including John Harold Rogers, Navin Kumar Agarwal, Lionel Edward Jordan.