About WEGU
WEGU is a company based in Kassel (Germany) founded in 1949 was acquired by Zhongding Group in February 2015.. The company has 24 employees as of December 31, 2020. WEGU operates in a competitive market with competitors including ZF, Cummins, Cooper Standard, Schaeffler and Valeo, among others.
- Headquarter Kassel, Germany
- Employees 24 as on 31 Dec, 2020
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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
*********
- Legal Name Wegu Holding Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$539.93 K (USD), Grant
Dec 15, 2021
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Investors
BAFA
& 1 more
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Employee Count
24
as on Dec 31, 2020
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Acquired by
Zhongding Group
(Feb 03, 2015)
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Funding Insights of WEGU
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $539,926
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First Round
First Round
(15 Dec 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Grant - WEGU | 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 WEGU
WEGU has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include BAFA and Zhongding Group. 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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Business and energy news is delivered via an online platform.
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Founded Year | Domain | Location | |
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Manufactures and supplies key components for the automotive industry.
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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 WEGU
| 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 - WEGU
| 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 |
Wegu Comparisons
Competitors of WEGU
WEGU 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 ZF, Cummins, Cooper Standard, Schaeffler and Valeo, 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 |
Mobility systems are developed for cars, vehicles, and industrial uses.
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| domain | founded_year | HQ Location |
Manufacturer of gas-powered construction equipment
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| domain | founded_year | HQ Location |
Systems and components for the automotive industry are supplied worldwide.
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| domain | founded_year | HQ Location |
Manufacturer of bearings for the automotive industry
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| domain | founded_year | HQ Location |
Automotive products and services are supplied globally to automakers.
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| domain | founded_year | HQ Location |
Automotive cooling systems, pistons, and aftermarket components are manufactured.
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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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Frequently Asked Questions about WEGU
When was WEGU founded?
WEGU was founded in 1949 and raised its 1st funding round 72 years after it was founded.
Where is WEGU located?
WEGU is headquartered in Kassel, Germany. It is registered at Kassel, Hesse, Germany.
How many employees does WEGU have?
As of Dec 31, 2020, the latest employee count at WEGU is 24.
What does WEGU do?
WEGU was established in 1949 in Kassel, Germany, where automotive components are produced and distributed. The company operates within the automotive sector, focusing on manufacturing and supplying parts for vehicles. Activities are centered in Kassel, supporting regional and international markets. Leadership is handled by Managing Director Horst Zimmermann, with the domain wegu-holding.de maintained for operations.
Who are the top competitors of WEGU?
WEGU's top competitors include Cummins, Valeo and Cooper Standard.
Who are WEGU's investors?
WEGU has 2 investors. Key investors include BAFA, and Zhongding Group.