About Vestas
Vestas is a company based in Aarhus (Denmark) founded in 1945. It operates as a Product-as-a-Service, and Managed Services. The company has 35,100 employees as of December 31, 2024. Vestas has completed 3 acquisitions, including Availon, UpWind Solutions and Utopus Insights. Vestas offers products and services including Onshore Wind Turbines, Offshore Wind Turbines, Service Solutions, and Project Development. Vestas operates in a competitive market with competitors including Siemens Gamesa, Goldwind, Zephyr, MARVEL-TECH and Shanghai Electric Group, among others.
- Headquarter Aarhus, Denmark
- Employees 35100 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vestas Wind Systems A/S
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Annual Revenue
$17.97 B (USD)12.55as on Dec 31, 2024
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Net Profit
$518.21 M (USD)548.73as on Dec 31, 2024
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EBITDA
$1.58 B (USD)86.8as on Dec 31, 2024
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Latest Funding Round
$1.18 M (USD), Grant
Dec 01, 2021
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Investors
European Union
& 1 more
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Employee Count
35100
as on Dec 31, 2024
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Investments & Acquisitions
Availon
& 2 more
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IPO & Listings of Vestas
Vestas is a publicly listed company on the OMXCOP with ticker symbol VWS in Denmark, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Vestas
Vestas offers a comprehensive portfolio of products and services, including Onshore Wind Turbines, Offshore Wind Turbines, Service Solutions, and Project Development. 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.
Onshore wind turbines are designed for sustainable energy generation.
Offshore wind turbines are built for challenging marine environments.
Service solutions are provided for global wind turbine fleets.
Renewable energy projects are developed with high-quality standards.
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Funding Insights of Vestas
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $1.2M
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First Round
First Round
(01 Jan 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Grant - Vestas | Valuation |
investors |
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| Sep, 2019 | Amount | Grant - Vestas | Valuation |
investors |
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| Mar, 2019 | Amount | Grant - Vestas | 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 Vestas
Vestas has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and Australian Renewable Energy Agency. 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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Cleantech sector funding is provided via venture capital investments.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Vestas
Vestas has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Availon, UpWind Solutions and Utopus Insights. 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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Software for wind power project analysis and monitoring is offered.
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2017 | ||||
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Wind turbine and project service provider
|
2007 | ||||
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Wind Turbine Operation & Maintenance provider
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2007 |
| 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
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Vestas
| 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 |
Vestas Comparisons
Competitors of Vestas
Vestas 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 Siemens Gamesa, Goldwind, Zephyr, MARVEL-TECH and Shanghai Electric Group, 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 |
Utility-scale wind turbines are manufactured for renewable energy applications.
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| domain | founded_year | HQ Location |
Manufacturer of wind turbine
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| domain | founded_year | HQ Location |
Wind turbines are manufactured and wind energy projects are developed.
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| domain | founded_year | HQ Location |
Limited information available
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| domain | founded_year | HQ Location |
Industrial-grade green and smart system solutions are provided for businesses.
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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 Vestas
Frequently Asked Questions about Vestas
When was Vestas founded?
Vestas was founded in 1945 and raised its 1st funding round 71 years after it was founded.
Where is Vestas located?
Vestas is headquartered in Aarhus, Denmark.
Who is the current CEO of Vestas?
Henrik Andersen is the current CEO of Vestas.
How many employees does Vestas have?
As of Dec 31, 2024, the latest employee count at Vestas is 35,100.
What is the annual revenue of Vestas?
Annual revenue of Vestas is $17.97B as on Dec 31, 2024.
What does Vestas do?
Vestas is established as a global leader in sustainable energy solutions, focusing on the design, installation, and maintenance of wind energy projects. The company operates in the renewable energy sector, specializing in onshore and offshore wind turbines. Services are provided for the worlds largest wind turbine fleet across 71 countries. Innovative solutions are developed to support the transition to renewable energy, with wind power positioned as a core component of future energy systems. Project development is also undertaken to transform renewable energy visions into reality with high value.
Who are the top competitors of Vestas?
Vestas's top competitors include Siemens Gamesa, Sinovel Wind Group and Shanghai Electric Group.
What products or services does Vestas offer?
Vestas offers Onshore Wind Turbines, Offshore Wind Turbines, Service Solutions, and Project Development.
Is Vestas publicly traded?
Yes, Vestas is publicly traded on OMXCOP under the ticker symbol VWS.
How many acquisitions has Vestas made?
Vestas has made 3 acquisitions, including Availon, UpWind Solutions, and Utopus Insights.
Who are Vestas's investors?
Vestas has 2 investors. Key investors include European Union, and Australian Renewable Energy Agency.
What is Vestas's ticker symbol?
The ticker symbol of Vestas is VWS on OMXCOP.
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