About Wema Group
Wema Group was established in 1986 in Bergen, Norway, within the manufacturing sector focused on automotive and emissions control components. Sensors for diesel exhaust fluid (DEF) and selective catalytic reduction (SCR) systems are produced, supporting industrial and vehicle applications. Operations are centered in Norway, with distribution handled through the domain wema.com. Leadership is provided by CEO Bjorn Frivik, overseeing production and development activities.
- Headquarter Bergen, Norway
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
- Legal Name Wema Automotive System Private Limited
- Date of Incorporation 12 Sep, 2008
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$762.38 K (USD)28.47as on Mar 31, 2017
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Net Profit
$34.71 K (USD)399.39as on Mar 31, 2017
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EBITDA
$-7.63 K (USD)-6.42as on Mar 31, 2017
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Measurement Specialities
(May 30, 2014)
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Funding Insights of Wema Group
| 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 Wema Group
Wema Group has secured backing from 1 investor. Prominent investors backing the company include Measurement Specialities. 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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Sensors and sensor-based systems are designed for OEM applications.
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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 Wema Group
| 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 - Wema Group
| 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 |
Wema Group Comparisons
Competitors of Wema Group
| 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 Wema Group
When was Wema Group founded?
Wema Group was founded in 1986.
Where is Wema Group located?
Wema Group is headquartered in Bergen, Norway. It is registered at Bergen, Vestland, Norway.
Who is the current CEO of Wema Group?
Bjorn Frivik is the current CEO of Wema Group.
What is the annual revenue of Wema Group?
Annual revenue of Wema Group is $762.38K as on Mar 31, 2017.
What does Wema Group do?
Wema Group was established in 1986 in Bergen, Norway, within the manufacturing sector focused on automotive and emissions control components. Sensors for diesel exhaust fluid (DEF) and selective catalytic reduction (SCR) systems are produced, supporting industrial and vehicle applications. Operations are centered in Norway, with distribution handled through the domain wema.com. Leadership is provided by CEO Bjorn Frivik, overseeing production and development activities.
Who are Wema Group's investors?
Wema Group has 1 investor. Key investors include Measurement Specialities.