When was CTEK founded?

CTEK was founded in 1997 and raised its 1st funding round 14 years after it was founded.

Where is CTEK located?

CTEK is headquartered in Vikmanshyttan, Sweden. It is registered at 7, Rolighedsvej, Nibe, 9240, Sebbersund.

How many employees does CTEK have?

As of Aug 31, 2026, the latest employee count at CTEK is 218.

Is CTEK a funded company?

CTEK is a funded company, having raised a total of $123M across 3 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on 2011.

When was the latest funding round of CTEK?

CTEK's latest funding was a $***** PE round on Sep 07, 2021, with participation from 1 investor.

Where does CTEK rank among its competitors?

CTEK ranks 7th amongst 1606 active competitors, of which 210 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Battery Smart, which secured $19.5M in Aug, 2026.

Who are the top competitors of CTEK?

CTEK's top competitors include Octopus Energy, Wallbox and Battery Smart. Among them, Battery Smart secured the most recent funding round in August, 2026.

CTEK - 2026 Company Profile, Team, Funding, Competitors & Financials

CTEK is an acquired company based in Vikmanshyttan (Sweden), founded in 1997 by Bengt Wahlqvist. It operates as a Provider of Electric vehicle charging solutions. CTEK has raised $123M in funding from Latour. The company has 1606 active competitors, including 210 funded and 106 that have exited. Its top competitors include companies like Octopus Energy, Wallbox and Battery Smart.

Company Details

Manufacturers of EV chargers and these chargers are majorly used for charging automotive batteries.&nbsp.Since its founding, CTEK has sold about 6,2 million battery chargers in 70 countries around the world. The company provides battery chargers to a number of the world’s leading automobile manufacturers like Alfa Romeo, Arctic Cat, Audi, Bentley, BMW, Corvette, Ferrari, Lamborghini, Lexus, Maserati, Maybach, Rolls-Royce, Scania and Yamaha among others.Armada Mezzanine Fund had provided mezzanine financing in support of the Altor Fund's acquisition of CTEK Creator Group from FSN Capital in August, 2011.

Website: www.ctek.com/
Social
Email ID: *****@ctek.com
Phone Number: +46 **********
Registered Address: 7, Rolighedsvej, Nibe, 9240, Sebbersund

Key Metrics

Founded Year

1997

Location

Vikmanshyttan, Sweden

Stage

Acquired

Total Funding

$123M in 3 rounds

Latest Funding Round

PE, Sep 07, 2021, $*****

Investors

Latour & 2 more

Ranked

7^th among 1606 active competitors

Employee Count

218 as on Aug 31, 2026

Investment & Acquisitions

Chargestorm

Similar Companies

Wallbox & 911 more

Exit Details

Acquired by Altor Equity Partners (Jun 07, 2011)

View CTEK's full profile

CTEK is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
CTEK DENMARK ApS CIN: 35532633 , Denmark, Active	Nov 14, 2013	-	-

CTEK got acquired by Altor Equity Partners on Jun 07, 2011.

Click here to take a look at CTEK's acquisition in detail

CTEK has raised a total funding of $123M over 3 rounds. Its first funding round was on 2011. Its latest funding round was a PE round on Sep 07, 2021 for $*****. 1 investor participated in its latest round. CTEK has 3 institutional investors.

Here is the list of recent funding rounds of CTEK:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 07, 2021	2833173	PE	4932234	4368338	5086204	9566605
Sep 26, 2019	5609485	Conventional Debt	6704491	9282650	5160067	EQT
2011	2407	Conventional Debt	5595	9877	5373	Armada

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View details of CTEK's funding rounds and investors

The founders of CTEK is Bengt Wahlqvist.

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

Bengt Wahlqvist: Founder of CTEK and founder of 1 other company. They are also an angel investor in 2 startups.
Contact Info: 1 email address

CTEK's Board of Directors

CTEK's board has 1 active member. Thom Mathisen is part of team.

Here is the list of CTEK's board of directors:

Name	Type	Representing	Status	Duration
dwflcip	Team	-	Current	5y 6m

View details of CTEK's Founder profiles and Board Members

CTEK's employee count trend

CTEK has 218 employees as of Aug 26. Here is CTEK's employee count trend over the years:

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Top competitors of CTEK include Octopus Energy, Wallbox and Battery Smart. Here is the list of Top 10 competitors of CTEK, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Octopus Energy 2015, London (United Kingdom), Series G	Retailer of electricity and gas providing heat pumps and chargers	$2.8B	Generation Investment Management, CPP Investments ... & 21 others	81/100
2nd	Wallbox 2015, Barcelona (Spain), Public	Provider of electric-vehicle charging solutions	$70.2M	Seaya, WIND Ventures & 17 others	78/100
3rd	Battery Smart 2019, Delhi (India), Series C	Chains providing battery swapping services for electric two three wheelers	$176M	Orios Venture Partners, LeapFrog Investments ... & 50 others	74/100
4th	SPAN 2014, San Francisco (United States), Series C	Smart energy management technology platform that modernizes residential electrical systems	$419M	Wellington, Fifth Wall & 33 others	73/100
5th	myenergi 2016, Stallingborough (United Kingdom), Series C	Manufacturer of eco-smart home energy management and electric vehicle charging products	$36.8M	Energy Impact Partners, HSBC	71/100
6th	SUN Mobility 2017, Bengaluru (India), Series B	Network providing battery swapping infrastructure for electric vehicle fleet operators	$135M	Bosch, Br Dhawan & 27 others	70/100
7th	CTEK 1997, Vikmanshyttan (Sweden), Acquired	Provider of Electric vehicle charging solutions	$123M	EQT, Latour & 1 others	69/100
8th	Energous 2012, San Jose (United States), Public	Provider of RF-based charging solutions	$5.5M	Herald Investment Management, MDB Capital ... & 2 others	66/100
9th	FIMER 1969, Vimercate (Italy), Acquired	Provider of electric-vehicle charging solutions	$43.3M	GENERALFINANCE	63/100
10th	WiTricity 2007, Watertown (United States), Series G	Magnetic resonance-based wireless charging solutions for electric vehicles	$146M	Foxconn Electronics, Future Shape & 19 others	62/100