When was Nidec Group founded?

Nidec Group was founded in 1973 and raised its 1st funding round 48 years after it was founded.

Where is Nidec Group located?

Nidec Group is headquartered in Germany.

How many employees does Nidec Group have?

As of May 31, 2026, the latest employee count at Nidec Group is 976.

Is Nidec Group a funded company?

Nidec Group is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on May 28, 2021.

When was the latest funding round of Nidec Group?

Nidec Group's latest funding was a $***** Grant (prize money) round on Jun 13, 2023, with participation from 1 investor.

What is the annual revenue of Nidec Group?

Annual revenue of Nidec Group is between £1M and £10M as on Mar 31, 2025

Where does Nidec Group rank among its competitors?

Nidec Group ranks 75th amongst 7950 active competitors, of which 95 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Indigrid Technology, which secured $4.45M in Jan, 2026.

Who are the top competitors of Nidec Group?

Nidec Group's top competitors include SEDEMAC, Uno Minda and Cooper Standard. Among them, Indigrid Technology secured the most recent funding round in January, 2026.

Nidec Group - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Manufacturer of motors, machinery, electronic and optical components, and related products. The company specializes in motor application products, offering an expansive product line. These products range from small precision to supersized motors. The company's products are used in objects and devices critical to lives and society.

Key Metrics

Founded Year

1973

Location

Germany

Stage

Public

Latest Funding Round

Grant (prize money), Jun 13, 2023, $*****

Investors

Triodos Investment Management & 2 more

Ranked

75^th among 7950 active competitors

Annual Revenue

£1M - £10M as on Mar 31, 2025

Employee Count

976 as on May 31, 2026

Investment & Acquisitions

Xecom & 29 more

Similar Companies

SEDEMAC & 1535 more

Exit Details

Public

View Nidec Group's full profile

Nidec Group is associated with 7 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
NIDEC CORPORATION CIN: 6130001011422 , Japan, Active	Jul 23, 1973	-	-	-
NIDEC INSTRUMENTS (THAILAND) CO., LTD. CIN: 0105553091194 , Thailand, Active	Jul 29, 2010	$10M - $50M (As on Dec 31, 2023)	-
Nidec Industrial Automation Denmark A/S CIN: 73588014 , Denmark, Active	Jun 17, 1984	-	16 (As on Mar 31, 2025)
Nidec Sr Drives Ltd. CIN: 1517273 , United Kingdom, Active	Sep 11, 1980	£1M - £10M (As on Mar 31, 2025)	11 (As on May 31, 2026)
NIDEC INDUSTRIAL AUTOMATION INDIA PRIVATE LIMITED CIN: U31101KA2000PTC026953 , India, Active	Apr 20, 2000	₹500 - ₹1,000 Cr (As on Mar 31, 2024)	250 (As on May 31, 2026)
NIDEC INDIA PRIVATE LIMITED CIN: U29100HR2010FTC041709 , India, Active	Dec 16, 2010	₹1,000+ Cr (As on Mar 31, 2025)	610 (As on May 31, 2026)
Control Techniques India Private Limited CIN: U30006KA1993PTC175731 , India, Amalgamated	Sep 17, 1993	₹100 - ₹500 Cr (As on Mar 31, 2024)	116 (As on May 31, 2026)

Nidec Group got listed on Sep 16, 1998.

Click here to take a look at Nidec Group's IPO in detail

Nidec Group has raised funding over 3 rounds. Its first funding round was on May 28, 2021. Its latest funding round was a Grant (prize money) round on Jun 13, 2023 for $*****. 1 investor participated in its latest round. Nidec Group has 3 institutional investors.

Here is the list of recent funding rounds of Nidec Group:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 13, 2023	6741606	Grant (prize money)	5500018	1561358	7303166	4800994
Jan 14, 2022	6177196	Grant (prize money)	3898885	9146869	3098760	Economy And Finance
May 28, 2021	7663733	Grant (prize money)	6451179	4410940	7513902	Economy And Finance

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View details of Nidec Group's funding rounds and investors

The founders of Nidec Group is Shigenobu Nagamori.

Here are the details of Nidec Group's key team members:

Shigenobu Nagamori: Founder of Nidec Group.

Nidec Group's Board of Directors

Nidec Group's board has 5 active members. Swapnil Michael Dethe is part of team and David Sonzogni, Carla Marie Otto, Gangadhara Chudappa and Girish Kulkarni are independent board members.

Here is the list of Nidec Group's board of directors:

Name	Type	Representing	Status	Duration
dvdhdf{	Team	-	Current	8y 4m
David Sonzogni	Independent board member	-	Current	6y 11m
ssb{jzo	Independent board member	-	Current	1y 5m
widjfqz	Independent board member	-	Current	4y 3m
km{grah	Independent board member	-	Current	7y 4m

View details of Nidec Group's Founder profiles and Board Members

Nidec Group's employee count trend

Nidec Group has 976 employees as of May 26. The total employee count is 6.0% lower than what it was in May 25. Here is Nidec Group's employee count trend over the years:

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Top competitors of Nidec Group include SEDEMAC, Uno Minda and Cooper Standard. Here is the list of Top 10 competitors of Nidec Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	SEDEMAC 2007, Pune (India), Public	Manufacturer of motor vehicle parts and systems	$26.2M	Nexus Venture Partners, NRJN Family Trust ... & 25 others	73/100
2nd	Uno Minda 1958, Gurugram (India), Public	Manufacturer of automotive components and systems for original equipment manufacturers	$260M	Motilal Oswal Private Equity, Kotak Mahindra Bank ... & 7 others	73/100
3rd	Cooper Standard 1960, Novi (United States), Acquired	Global supplier of sealing, fluid handling systems, and material science solutions	$51.1M	-	69/100
4th	Faurecia 1997, Nanterre (France), Public	Manufacturer of automotive components and systems	-	NUMA, PSA Group & 3 others	68/100
5th	CIE Automotive 2002, Bilbao (Spain), Public	Manufacturer and supplier of major auto components to OEMs and tier 1 companies	$16.3M	Kedaara, Ainos Holdings & 19 others	68/100
6th	Motherson Group 1975, Noida (India), Late Stage	Manufactures electrical distribution systems for automobiles	-	Nepean Capital, India Capital Growth & 2 others	67/100
7th	Varroc 1990, Aurangabad (India), Public	Manufacturer of automotive components	$50.1M	Tata Opportunities Fund, Kotak Mahindra Bank ... & 3 others	67/100
8th	Continental 1871, Hannover (Germany), Public	Manufacturer & supplier of tires, brake systems, chassis, safety, and power train components	-	Economy And Finance, TPG & 4 others	66/100
9th	Indigrid Technology 2016, Gurugram (India), Series A	Platform offering electric vehicle powertrain products and electronic design manufacturing services	$13.9M	Cactus Partners, Valour Capital & 11 others	65/100
10th	Valeo 1923, Paris (France), Public	Provider of a global automotive supplier providing a range of products and services to automakers, with a focus on innovation and technology in the field of mobility	-	Economy And Finance, CAPCELLENCE & 2 others	65/100
75th	Nidec Group 1973, Germany, Public	Manufacturer of motors, machinery, electronic and optical components, and related products	-	Triodos Investment Management, Economy And Finance ... & 1 others	53/100

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Nidec Group has made 3 investments in companies including Eve and Gore Street Energy Storage Fund. Nidec Group has also acquired 27 companies including Xecom and Houma Armature Works.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 08, 2025	Acquisition	Xecom		China
Jun 28, 2024	Investments	Eve	2020	Fort Lauderdale (United States)
Dec 19, 2023	Investments	Gore Street Energy Storage Fund	2018	London (United Kingdom)