Evtec Automotive

Evtec Automotive

A single source supplier of assembled automotive products working with OEMs globally to support the shift to electric vehicles. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
GBP2022
Revenues71.3m
EBITDA2.2m
% EBITDA margin3 %
Profit<1m
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DateInvestorsAmountRound
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N/A

Acquisition
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N/A

$8.5m

Growth Equity VC
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£7.4m

Debt
Total Funding€7.7m

Recent News about Evtec Automotive

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More about Evtec Automotiveinfo icon
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Evtec Automotive is a leading tier one supplier specializing in the assembly of complex modules for the automotive industry, with a strong focus on hybrid and electric vehicles (EVs). The company collaborates closely with Original Equipment Manufacturers (OEMs) worldwide to support the industry's transition to electrification. Evtec sources all necessary components from a vast supplier base and assembles them into complete modules, which are then supplied to OEMs, ready for trackside installation. The business operates in the automotive sector, specifically targeting the growing market for hybrid and electric vehicles. Evtec's business model revolves around providing high-quality, ready-to-install assemblies that simplify the sourcing process and increase production efficiency for OEMs. The company generates revenue by selling these assembled products directly to OEMs, leveraging its expertise in complex module assembly and its investment in advanced manufacturing technologies.

Keywords: tier one supplier, complex assemblies, hybrid vehicles, electric vehicles, OEMs, automotive industry, electrification, production efficiency, module assembly, advanced manufacturing.

Investments by Evtec Automotive

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JVM Castings
ACQUISITION by Evtec Automotive Jan 2024