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AVID Technology (Electrified Powertrain Components)

AVID Technology (Electrified Powertrain Components)
2004 FOUNDED
PRIVATE STATUS
Later Stage VC LATEST DEAL TYPE
$9.1M LATEST DEAL AMOUNT
8 INVESTORS
Description

Developer and manufacturer of electrified powertrain components and systems intended for for heavy-duty and high-performance electric and hybrid vehicles. The company's components and systems include electronic throttle controls, electric pumps, traction motors, electronic control systems and other mobile electronics for trucks, buses, construction machinery and other heavy-duty vehicles, enabling heavy vehicle manufacturers to reduce cost of energy consumption and support a cleaner environment.

Website
Formerly Known As
Comesys Europe, Msi Holdings
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Electrical Equipment
Other Industries
Automotive
Primary Office
  • Unit 3D, Admiral Business Park
  • Nelson Way
  • Cramlington NE23 1WG
  • England, United Kingdom

+44 01670 000000
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AVID Technology (Electrified Powertrain Components) Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC 06-Mar-2019 $9.1M 000.00 Completed Generating Revenue
5. Later Stage VC 05-Jul-2016 00.000 00.000 Completed Generating Revenue
4. Grant 22-Mar-2016 00000 00.000 Completed Generating Revenue
3. Early Stage VC 25-Nov-2015 00000 00.000 00.000 Completed Product Development
2. Early Stage VC 25-Mar-2014 $1.61M $3.1M 00.000 Completed Product Development
1. Early Stage VC 08-Sep-2011 $1.49M $1.49M 00.000 Completed Startup
To view this company’s complete deal history including valuation and funding, request access »

AVID Technology (Electrified Powertrain Components) Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
A Ordinary 0,000,000 00.000000 00.0 00.00 00.00 00 00.00 00.000
Ordinary 000,000 00.000000 00.00 00.00 00 00.00 0.000
A Ordinary 0,000,000 00.000000 00.0 00.00 00.00 00 00.00 00.000
Ordinary 00,000 00.000000 00.00 00.00 00 00.00 0.000
A Ordinary 0,000,000 00.000000 00.0 00.00 00.00 00 00.00 00.000
A Ordinary 00,000 00.000000 00.0 00.00 00.00 00 00.00 0.000
AA Ordinary 0,000,000 00.000000 00.00 00.00 00 00.00 0.000
A Ordinary 197,814 $0.015251 $6.1 $2.39 $2.39 1x $2.39 1.44%
Ordinary 513,700 $0.015251 $0.84 $0.84 1x $0.84 3.75%
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AVID Technology (Electrified Powertrain Components) Competitors (8)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Hyliion Venture Capital-Backed Austin, TX 00 000.00 0000000000 0 000.00
0000000 000000000 Corporate Backed or Acquired Ontario, CA 00 00000000000
000 Corporate Backed or Acquired Boucherville, Canada 000 000000&0
000000 00000 00000 Venture Capital-Backed Phoenix, AZ 000 00000 00000000000 00000
00000 000000 Angel-Backed Chelmsford, United Kingdom 000.00 000000000000 000.00
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AVID Technology (Electrified Powertrain Components) Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Maven Capital Partners Asset Manager Minority 000 0000 000000 0
Andy Hales Angel (individual) Minority 000 0000 000000 0
Downing Ventures Venture Capital Minority 000 0000 000000 0
NVM Private Equity PE/Buyout Minority 000 0000 000000 0
Innovate UK Government 000 0000 000000 0
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AVID Technology (Electrified Powertrain Components) Executive Team (6)

Name Title Board
Seat
Contact
Info
Ryan Maughan Founder, Board Member & Managing Director
Iain Young Board Member & Director, Sales
keith Ternent Board Member & Engineering Director
David Stark Board Member & Finance and Operations Director

2 Former Executives

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AVID Technology (Electrified Powertrain Components) Board Members (10)

Name Representing Role Since Contact
Info
Andy Hales Self Chairman 000 0000
David Stark AVID Technology (Electrified Powertrain Components) Board Member & Finance and Operations Director 000 0000
Iain Young AVID Technology (Electrified Powertrain Components) Board Member & Director, Sales 000 0000
keith Ternent AVID Technology (Electrified Powertrain Components) Board Member & Engineering Director 000 0000
Mauro Biagioni NVM Private Equity Board Member 000 0000

3 Former Board Members

You’re viewing 5 of 10 board members. Get the full list »