When was TruTech founded?

TruTech was founded in 2010 and raised its 1st funding round 2 years after it was founded.

Where is TruTech located?

TruTech is headquartered in Fridley, United States.

Who is the current CEO of TruTech?

Ted Paskvan of TruTech. They have also founded 1 company.

How many employees does TruTech have?

As of Aug 31, 2026, the latest employee count at TruTech is 14.

Is TruTech a funded company?

TruTech is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on May 31, 2012.

When was the latest funding round of TruTech?

TruTech's latest funding was a $***** Seed round on May 31, 2012, with participation from 0 investor.

Where does TruTech rank among its competitors?

TruTech ranks 44th amongst 132 active competitors, of which 23 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Naxatra Labs, which secured $3M in Dec, 2025.

Who are the top competitors of TruTech?

TruTech's top competitors include Varroc, TSUYO and Chara. Among them, Naxatra Labs secured the most recent funding round in December, 2025.

TruTech - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: trutechmotors.com
Phone Number: +1 **********

Key Metrics

Founded Year

2010

Location

Fridley, United States

Stage

Acquired

Total Funding

$301K in 1 round

Latest Funding Round

Seed, May 31, 2012, $*****

Ranked

44^th among 132 active competitors

Employee Count

14 as on Aug 31, 2026

Similar Companies

TSUYO & 63 more

Exit Details

Acquired by Iron Path Capital (Sep 05, 2023)

View TruTech's full profile

TruTech is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TruTech Specialty Motors, Inc. CIN: 1551204 , United States, Active		$1 - $1M (As on May 31, 2012)	-	-

TruTech got acquired by Iron Path Capital on Sep 05, 2023.

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

TruTech has raised a total funding of $301K over 1 round.

Here is the list of recent funding rounds of TruTech:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 31, 2012	9911961	Seed	6713727	6021259	3655056	4475078

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View details of TruTech's funding rounds and investors

The founders of TruTech are Tom Frick and Ted Paskvan. Ted Paskvan is the CEO of TruTech.

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

Tom Frick: Co-Founder of TruTech.
Contact Info: 1 email address
Ted Paskvan: Co-Founder & CEO of TruTech.
Contact Info: 1 email address

View details of TruTech's Founder profiles and Board Members

TruTech's employee count trend

TruTech has 14 employees as of Aug 26. Here is TruTech's employee count trend over the years:

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Top competitors of TruTech include Varroc, TSUYO and Chara. Here is the list of Top 10 competitors of TruTech, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Varroc 1990, Aurangabad (India), Public	Manufacturer of automotive components	$50.1M	Tata Opportunities Fund, Kotak Mahindra Bank ... & 3 others	67/100
2nd	TSUYO 2020, Delhi (India), Seed	Platform offering motors for multi-category electric-three wheelers	$4.5M	Ramkrishna Forgings, Avaana Capital Advisors ... & 3 others	64/100
3rd	Chara 2019, Bengaluru (India), Series A	Manufacturer of rare-earth free motor systems and intelligent motor controllers	$11.9M	Exfinity Venture Partners, Kalaari Capital ... & 7 others	58/100
4th	Enedym 2010, Hamilton (Canada), Series A	Manufacturer of electric motors for multiple categories of vehicles	$15M	Honda, Pathfinder & 4 others	55/100
5th	Mabuchi Motor 1954, Matsudo (Japan), Public	Manufacturer and supplier of major auto components	-	-	52/100
6th	EVR Motors 2012, Petah Tikva (Israel), Series A	Manufacturer platform for electric motor technology	-	Gefen Biomed Investments, Horizon GreenTech Ventures ... & 5 others	50/100
7th	Sterling E-Mobility Solutions 2020, Faridabad (India), Unfunded	Manufacturer of electric vehicle powertrain components, motor control units, and motors	-	-	49/100
8th	Mecwin Technologies 2017, Bengaluru (India), Seed	Manufacturer of EV motors, solar pumps, controllers, and IoT products	$2.53M	Sksd Partners, Steer Advisors & 60 others	49/100
9th	Physics Motors 2017, Bengaluru (India), Seed	Designs & manufactures electric vehicle drive train systems	$3.51M	KPI PHYSICS MOTORS, Lunawat Ventures & 1 others	48/100
10th	Naxatra Labs 2021, Gurugram (India), Seed	Manufacturer of axial and radial flux motors for electric mobility and industrial applications	$3.61M	Imediablitz Solutions, Gujarat Venture Finance ... & 23 others	48/100
44th	TruTech 2010, Fridley (United States), Acquired	Manufacturer of DC Brushless servo Motor	$301K	-	26/100