When was Vitesco Technologies founded?

Vitesco Technologies was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Where is Vitesco Technologies located?

Vitesco Technologies is headquartered in Hannover, Germany. It is registered at Auburn Hills,Michigan.

Who is the current CEO of Vitesco Technologies?

Andreas Wolf of Vitesco Technologies.

How many employees does Vitesco Technologies have?

As of May 31, 2026, the latest employee count at Vitesco Technologies is 7384.

Is Vitesco Technologies a funded company?

Vitesco Technologies is a funded company, having raised an undisclosed amount across 4 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jan 01, 2020.

When was the latest funding round of Vitesco Technologies?

Vitesco Technologies' latest funding was a $***** Grant (prize money) round on Aug 11, 2024, with participation from 1 investor. Its primary sector is Electric Vehicles. In Germany, the Electric Vehicles sector has seen $230M in funding in 2026 to date.

Where does Vitesco Technologies rank among its competitors?

Vitesco Technologies ranks 2nd amongst 120 active competitors, of which 22 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Matel, which secured $13.6M in Aug, 2026.

Who are the top competitors of Vitesco Technologies?

Vitesco Technologies' top competitors include TSUYO, Matel and Electra EV. Among them, Matel secured the most recent funding round in August, 2026.

Vitesco Technologies - 2026 Company Profile, Team, Funding & Competitors

Vitesco Technologies is an acquired company based in Hannover (Germany), founded in 2018. It operates as a Developer of powertrain system for multi-category vehicles. Vitesco Technologies has raised an undisclosed amount in funding. The company has 120 active competitors, including 22 funded and 8 that have exited. Its top competitors include companies like TSUYO, Matel and Electra EV.

Company Details

Developer of powertrain system for multi-category vehicles. Its product portfolio consists of 48-volt electrification solutions, electric drives, and power electronics for hybrid and battery-electric vehicles. It offers solutions for cars, commercial vehicles, and two-wheeled transport. Also, it offers electrification, combustion systems, and more.

Website: vitesco-technologies.com
Social
Email ID: *****@continental-corporation.com
Part Of
Registered Address: Auburn Hills,Michigan

Key Metrics

Founded Year

2018

Location

Hannover, Germany

Stage

Acquired

Latest Funding Round

Grant (prize money), Aug 11, 2024, $*****

Investors

Economy And Finance & 2 more

Ranked

2^nd among 120 active competitors

Employee Count

7,384 as on May 31, 2026

Investment & Acquisitions

GaN Systems

Similar Companies

TSUYO & 112 more

Exit Details

Acquired by Dumarey Group (Jan 10, 2024)

View Vitesco Technologies' full profile

Vitesco Technologies is associated with 8 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
OFFICE TECHNOLOGIES, s.r.o. CIN: 29145295 , Czech Republic, Active	Dec 20, 2012	-	-
TECH TRUCKS s.r.o. CIN: 21162379 , Czech Republic, Active	Feb 01, 2024	-	-
ZV ecomm, s.r.o. CIN: 19924178 , Czech Republic, Active	Nov 14, 2023	-	-
Web high box s.r.o. CIN: 17652626 , Czech Republic, Active	Oct 18, 2022	-	-
Vitesco Technologies Czech Republic s.r.o. CIN: 07574622 , Czech Republic, Active	Oct 25, 2018	-	-
Vitesco Technologies Gmbh CIN: D3410_HRB18841 , Germany, Deadpooled	Aug 02, 2018	-	6284 (As on Dec 31, 2021)
VITESCO TECHNOLOGIES INDIA PRIVATE LIMITED CIN: U29299PN2005PTC021027 , India, Active	Jul 15, 2005	₹1,000+ Cr (As on Mar 31, 2025)	1148 (As on Jan 31, 2024)
Vitesco Technologies Usa, Llc CIN: 831870421 , United States, Active	Dec 31, 1999	-	2139 (As on Dec 31, 2024)	-

Vitesco Technologies got acquired by Dumarey Group on Jan 10, 2024.

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

Vitesco Technologies has raised funding over 4 rounds. Its first funding round was on Jan 01, 2020. Its latest funding round was a Grant (prize money) round on Aug 11, 2024 for $*****. 1 investor participated in its latest round. Vitesco Technologies has 3 institutional investors.

Here is the list of recent funding rounds of Vitesco Technologies:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 11, 2024	6363401	Grant (prize money)	1730237	2170065	6869686	7876062
Jan 17, 2023	5152171	Grant (prize money)	2320083	4610975	2596117	Gov.cz
Jan 01, 2021	2437360	Grant (prize money)	4283228	2983561	7382501	Europa

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View details of Vitesco Technologies's funding rounds and investors

Vitesco Technologies' employee count trend

Vitesco Technologies has 7,384 employees as of May 26. Here is Vitesco Technologies's employee count trend over the years:

Employee count trend for Vitesco Technologies

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Top competitors of Vitesco Technologies include TSUYO, Matel and Electra EV. Here is the list of Top 10 competitors of Vitesco Technologies, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	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
2nd	Vitesco Technologies 2018, Hannover (Germany), Acquired	Developer of powertrain system for multi-category vehicles	-	Economy And Finance, Europa & 1 others	62/100
3rd	Matel 2016, Pune (India), Series B	Manufacturer of electric vehicle powertrains and high-efficiency synchronous industrial motors	$17.6M	Transition VC, UC Impower & 5 others	55/100
4th	Electra EV 2017, Pune (India), Series B	Manufacturer of electric vehicle powertrains, battery systems, and energy storage	$25M	GEF Capital Partners & 3 others	53/100
5th	Hexagon Purus 2018, Alesund (Norway), Public	Provider of systems and solutions for clean transportation and energy applications	-	Colinas AS, Mitsui & 4 others	51/100
6th	IRP Systems 2015, Ness Ziona (Israel), Series C	Provider of software-defined electric powertrain system for micro mobility	$57M	Fosun RZ Capital, Clal Insurance & 12 others	51/100
7th	Donut Lab 2010, Espoo (Finland), Seed	Developer of in-wheel electric motor platform	$29.3M	-	49/100
8th	Scalvy 2022, Mountain View (United States), Series A	Developer of powertrain system for multiple cateories of electric vehicles	$16.9M	Climate Capital, Alchemist Accelerator & 3 others	49/100
9th	BNC Motors 2020, Coimbatore (India), Series B	Manufacturer of electric two-wheeled vehicles, batteries, and related electronic components	$23.3M	Musashi Seimitsu Industry, Lyman Lakes & 27 others	49/100
10th	InfiMotion 2021, Wuxi (China), Series A	Manufacturer of powertrain systems for electric vehicles	-	China Structural Reform Fund, China Merchants ... & 2 others	48/100