Evtec Automotive
Financials
Estimates*
GBP | 2022 |
---|---|
Revenues | 71.3m |
EBITDA | 2.2m |
% EBITDA margin | 3 % |
Profit | <1m |
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | Acquisition | |
* | N/A | $8.5m | Growth Equity VC |
* | £7.4m | Debt | |
Total Funding | €7.7m |
Recent News about Evtec Automotive
EditEvtec 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.