When was ADASTEC founded?

ADASTEC was founded in 2017 and raised its 1st funding round 6 years after it was founded.

Where is ADASTEC located?

ADASTEC is headquartered in San Francisco, United States.

Who is the current CEO of ADASTEC?

Ali Peker of ADASTEC. They have also founded 1 company.

How many employees does ADASTEC have?

As of Sep 30, 2026, the latest employee count at ADASTEC is 124.

Is ADASTEC a funded company?

ADASTEC is a funded company, having raised a total of $3.81M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 22, 2023.

When was the latest funding round of ADASTEC?

ADASTEC's latest funding was a $***** Seed round on Jul 07, 2025, with participation from 0 investor.

Where does ADASTEC rank among its competitors?

ADASTEC ranks 23rd amongst 501 active competitors, of which 21 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Mahindra Last Mile Mobility, which secured $33.6M in Jul, 2026.

Who are the top competitors of ADASTEC?

ADASTEC's top competitors include Proterra, EKA and Harbinger Motors. Among them, Mahindra Last Mile Mobility secured the most recent funding round in July, 2026.

ADASTEC - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: www.adastec.com/
Social
Email ID: *****@adastec.com

Key Metrics

Founded Year

2017

Location

San Francisco, United States

Stage

Seed

Total Funding

$3.81M in 3 rounds

Latest Funding Round

Seed, Jul 07, 2025, $*****

Investors

APY Ventures & 4 more

Ranked

23^rd among 501 active competitors

Employee Count

124 as on Sep 30, 2026

Similar Companies

Marcopolo & 151 more

View ADASTEC's full profile

ADASTEC is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ADASTEC Corp CIN: 36-4860443 , United States, Active	Dec 31, 2016	-	-	-

ADASTEC has raised a total funding of $3.81M over 3 rounds. Its first funding round was on Jun 22, 2023. ADASTEC has 5 institutional investors.

Here is the list of recent funding rounds of ADASTEC:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 07, 2025	2374088	Seed	4831522	9668030	3829207	5909007
Mar 19, 2024	2175967	Seed	1896452	2292596	1825718	8225007
Jun 22, 2023	7049891	Seed	1605521	7990088	8646050	8323261

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View details of ADASTEC's funding rounds and investors

The founders of ADASTEC are Ali Peker and Kerem Par. Ali Peker is the CEO of ADASTEC.

Here are the details of ADASTEC's key team members:

Ali Peker: Co-Founder & CEO of ADASTEC.
Contact Info: 1 email address
Kerem Par: Co-Founder of ADASTEC.
Contact Info: 1 email address

View details of ADASTEC's Founder profiles and Board Members

ADASTEC's employee count trend

ADASTEC has 124 employees as of Sep 26. Here is ADASTEC's employee count trend over the years:

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Top competitors of ADASTEC include Proterra, EKA and Harbinger Motors. Here is the list of Top 10 competitors of ADASTEC, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Proterra 2004, Burlingame (United States), Public	Manufacturer of battery systems for electric vehicles and commercial equipment	$858M	Kleiner Perkins, GM Ventures & 38 others	76/100
2nd	EKA 2019, Pune (India), Series A	Manufacturer of electric buses trucks and small commercial transport vehicles	$179M	Mitsui, NIIF & 6 others	72/100
3rd	Harbinger Motors 2021, Gardena (United States), Series C	Manufacturer of medium duty electric and hybrid commercial vehicle platforms	$363M	Capricorn, Thor Industries & 23 others	66/100
4th	PMI Electro Mobility 2017, Gurugram (India), Series C	Manufacturer of electric buses for public transportation and school use	$89.2M	Authum, Piramal Group & 53 others	65/100
5th	Mahindra Last Mile Mobility 1994, Mumbai (India), Series C	Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles	$138M	Lightrock, IFC & 4 others	65/100
6th	Daimler Truck 1895, Leinfelden Echterdingen (Germany), Public	Manufacturer of light, medium and heavy-duty trucks, city and intercity buses, coaches and bus chassis	$9B	Geely, BAIC & 4 others	65/100
7th	Volvo Group 1927, Gothenburg (Sweden), Public	Brand of commercial vehicles	-	Renault, Cevian Capital & 6 others	65/100
8th	PACCAR 1905, Bellevue (United States), Public	Brand of commercial vehicles	-	Black Capital Investments, DOE & 2 others	64/100
9th	Scania 1891, Sodertalje (Sweden), Acquired	Manufacturer of commercial vehicles	-	Economy And Finance, Europa	63/100
10th	Qucev 2022, Hyderabad (India), Series B	Platform offering electric commercial vehicles	$19.1M	Singularity AMC, Barclays & 12 others	62/100
23rd	ADASTEC 2017, San Francisco (United States), Seed	Manufacturer of buses	$3.81M	Y Capital, Plug and Play Tech Center & 3 others	43/100