When was Opel founded?

Opel was founded in 1862 and raised its 1st funding round 154 years after it was founded.

Where is Opel located?

Opel is headquartered in Russelsheim, Germany.

How many employees does Opel have?

As of Sep 30, 2026, the latest employee count at Opel is 6082.

Is Opel a funded company?

Opel 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 Oct 01, 2016.

When was the latest funding round of Opel?

Opel's latest funding was a $***** Grant (prize money) round on Sep 01, 2017, with participation from 1 investor.

What is the annual revenue of Opel?

Annual revenue of Opel is more than €1B as on Dec 31, 2022

Where does Opel rank among its competitors?

Opel ranks 15th amongst 126 active competitors, of which 2 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Lucid, which secured $750M in Apr, 2026.

Who are the top competitors of Opel?

Opel's top competitors include Tesla, Lucid and Mercedes-Benz. Among them, Lucid secured the most recent funding round in April, 2026.

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

Q: Is Opel an acquired company?

Opel got acquired by PSA Group on Mar 06, 2017.

Opel is an acquired company based in Russelsheim (Germany), founded in 1862 by Adam Opel. It operates as a Manufacturer of automobiles, providing product information, news, and related media. Opel has raised an undisclosed amount in funding. The company has 126 active competitors, including 2 funded and 30 that have exited. Its top competitors include companies like Tesla, Lucid and Mercedes-Benz.

Company Details

Manufacturer of automobiles, providing product information, news, and related media. It offers details on concept cars, legal policies, trademarks, and copyrights. The company also provides access to a media pool and declarations of conformity. The website lists various regions where its products are available.

Website: www.opel.com/
Social
Phone Number: +49 **********

Key Metrics

Founded Year

1862

Location

Russelsheim, Germany

Stage

Acquired

Latest Funding Round

Grant (prize money), Sep 01, 2017, $*****

Investors

BAFA & 1 more

Ranked

15^th among 126 active competitors

Annual Revenue

€1B+ as on Dec 31, 2022

Employee Count

6,082 as on Sep 30, 2026

Similar Companies

Mahindra & 767 more

Exit Details

Acquired by PSA Group (Mar 06, 2017)

View Opel's full profile

Opel is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Opel Automobile GmbH CIN: HRB91821 , Germany, Active	Jan 25, 2013	€1B+ (As on Dec 31, 2022)	12023 (As on Dec 31, 2021)

Opel got acquired by PSA Group on Mar 06, 2017 at an acquisition amount of $*****.

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

Opel has raised funding over 3 rounds. Its first funding round was on Oct 01, 2016. Its latest funding round was a Grant (prize money) round on Sep 01, 2017 for $*****. 1 investor participated in its latest round. Opel has 2 institutional investors.

Here is the list of recent funding rounds of Opel:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 01, 2017	1461824	Grant (prize money)	8366063	6864171	3972268	4342606
Feb 10, 2017	4386102	Grant (prize money)	2388286	8042853	4773362	BAFA
Oct 01, 2016	7305615	Grant (prize money)	8498090	9111380	1489665	Europa

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View details of Opel's funding rounds and investors

The founders of Opel is Adam Opel.

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

Adam Opel: Founder of Opel.
Csongor Ceglédi: CEO of Opel.

View details of Opel's Founder profiles and Board Members

Opel's employee count trend

Opel has 6,082 employees as of Sep 26. Here is Opel's employee count trend over the years:

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Top competitors of Opel include Tesla, Lucid and Mercedes-Benz. Here is the list of Top 10 competitors of Opel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tesla 2003, Austin (United States), Public	Electric vehicle and clean energy solutions provider	$408M	Valor Equity Partners, Mercedes-Benz & 75 others	83/100
2nd	Lucid 2007, Newark (United States), Public	Manufacturer of electric vehicles and related technologies for consumer markets	$1.13B	Public Investment Fund, BAIC & 17 others	78/100
3rd	Mercedes-Benz 1926, Stuttgart (Germany), Public	Brand of luxury car	-	A-Rod, Europa & 1 others	71/100
4th	Volvo Cars 1927, Gothenburg (Sweden), Public	Manufacturer of car and products	$1.07B	AMF, Folksam & 4 others	71/100
5th	Kia 1994, Seoul (South Korea), Public	Manufacturer of cars, electric vehicles, and mobility solutions	-	AC Industrials, Ministerstvo Hospodárstva Slovenskej Republiky ... & 1 others	70/100
6th	BYD 1994, Shenzhen (China), Public	Manufacturer of electric cars, sedans, SUVs, batteries, and rail transit	-	Berkshire Hathaway, Hillhouse & 14 others	69/100
7th	Ford 1903, Dearborn (United States), Public	Automobile and commercial vehicle manufacturer	-	Black Capital Investments, Poku Capital & 15 others	69/100
8th	BMW Group 1916, Munich (Germany), Public	Manufacturer of premium cars and motorcycles	-	Ford, Bundesministerium fur Wirtschaft und Klimaschutz ... & 3 others	68/100
9th	BMW 1916, Munich (Germany), Funding Raised	Manufacturer of BMW cars	-	Europa, Noshaq & 1 others	67/100
10th	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	66/100
15th	Opel 1862, Russelsheim (Germany), Acquired	Manufacturer of automobiles, providing product information, news, and related media	-	BAFA, Europa	60/100