About Vitesco Technologies
Vitesco Technologies is a company based in Hannover (Germany) founded in 2018 was acquired by Dumarey Group in January 2024.. The company has 1,219 employees as of April 07, 2024. Vitesco Technologies offers products and services including Electrification Solutions, Combustion Technologies, and Software-Defined Vehicle. Vitesco Technologies operates in a competitive market with competitors including IRP Systems, Hexagon Purus, Saietta Electric Drive, Equipmake and eLeapPower, among others.
- Headquarter Hannover, Germany
- Employees 1219 as on 07 Apr, 2024
- Stage Public
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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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- Legal Name Vitesco Technologies India Private Limited
- Date of Incorporation 15 Jul, 2005
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$203.28 M (USD)26.9as on Mar 31, 2023
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Net Profit
$16.4 M (USD)50.85as on Mar 31, 2023
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EBITDA
$32.89 M (USD)54.56as on Mar 31, 2023
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Latest Funding Round
$17.69 M (USD), Grant
Aug 11, 2024
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Investors
European Union
& 3 more
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Employee Count
1219
as on Apr 07, 2024
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Acquired by
Dumarey Group
(Jan 10, 2024)
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Products & Services of Vitesco Technologies
Vitesco Technologies offers a comprehensive portfolio of products and services, including Electrification Solutions, Combustion Technologies, and Software-Defined Vehicle. 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.
Offers systems for electric vehicle electrification and energy efficiency.
Develops advanced combustion engines for automotive applications.
Provides software for vehicle connectivity and autonomous features.
Funding Insights of Vitesco Technologies
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $17.7M
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First Round
First Round
(01 Jan 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Grant - Vitesco Technologies | Valuation |
investors |
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| Jan, 2023 | Amount | Grant - Vitesco Technologies | Valuation |
investors |
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| Jan, 2021 | Amount | Grant - Vitesco Technologies | 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 Vitesco Technologies
Vitesco Technologies has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include European Union, Dumarey Group and Ministry of Economy, Finance and Industrial and Digital Sovereignty. 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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A digital platform for public administration services in Czech Republic.
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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 Vitesco Technologies
| 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 - Vitesco Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Vitesco Technologies Comparisons
Competitors of Vitesco Technologies
Vitesco Technologies 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 IRP Systems, Hexagon Purus, Saietta Electric Drive, Equipmake and eLeapPower, 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 |
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| domain | founded_year | HQ Location |
Software-defined electric powertrain systems for micromobility are provided.
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| domain | founded_year | HQ Location |
Hydrogen-based batteries and systems for electric vehicles are manufactured.
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| domain | founded_year | HQ Location |
Electric powertrain systems with motor technology are developed and manufactured.
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| domain | founded_year | HQ Location |
Electronic equipment is designed and developed for powertrain components.
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| domain | founded_year | HQ Location |
Powertrain systems for multi-category electric vehicles are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Vitesco Technologies
Frequently Asked Questions about Vitesco Technologies
When was Vitesco Technologies founded?
Vitesco Technologies was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Vitesco Technologies located?
Vitesco Technologies is headquartered in Hannover, Germany. It is registered at Hannover, Niedersachsen, Germany.
Who is the current CEO of Vitesco Technologies?
Andreas Wolf is the current CEO of Vitesco Technologies.
How many employees does Vitesco Technologies have?
As of Apr 07, 2024, the latest employee count at Vitesco Technologies is 1,219.
What is the annual revenue of Vitesco Technologies?
Annual revenue of Vitesco Technologies is $203.28M as on Mar 31, 2023.
What does Vitesco Technologies do?
Vitesco Technologies was established in 2018 and is headquartered in Hannover, Germany. Focus is placed on the automotive sector, where powertrain systems are developed for passenger cars, commercial vehicles, and two-wheeled transport. The portfolio encompasses 48-volt electrification solutions, electric drives, and power electronics designed for hybrid and battery-electric vehicles. Additional offerings include combustion engine systems and broader electrification technologies to support diverse vehicle applications.
Who are the top competitors of Vitesco Technologies?
Vitesco Technologies's top competitors include IRP Systems, Hexagon Purus and Equipmake.
What products or services does Vitesco Technologies offer?
Vitesco Technologies offers Electrification Solutions, Combustion Technologies, and Software-Defined Vehicle.
Who are Vitesco Technologies's investors?
Vitesco Technologies has 4 investors. Key investors include European Union, Dumarey Group, Ministry of Economy, Finance and Industrial and Digital Sovereignty, and Portál veřejné správy.
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