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§ Private Profile · Stockholm, Stockholms Lan, Sweden
Global supplier of electric motors, motor controllers, inverters, and auxiliary electronics for commercial and industrial vehicles, focused on.
Inmotion is a Tyresö, Sweden-based global supplier of electric motors, motor controllers, inverters, and auxiliary electronics for commercial and industrial vehicles. The company specializes in high-performance power electronics for electrification, supporting emission-free transport in hybrid and heavy-duty applications like buses, trucks, and construction equipment. As a subsidiary of ZAPI Group since 2014, Inmotion reported an annual revenue of $68.7 million and employed 124 individuals in Sweden as of 2023. It has supplied millions of inverters globally to OEM manufacturers across various sectors. Originally founded as GME System in 1967, the organization continues to expand its manufacturing capabilities, including a new 6,000 sqm inverter factory inaugurated in Tyresö in mid-2023. Its business model centers on sells power electronics, electric motors, and control units to OEM manufacturers of electric and hybrid vehicles, revenue from global supply contracts, with reported $68.7 million annually.
Inmotion has raised $17.0M across 1 funding round.
Inmotion has raised $17.0M in total across 1 funding round.
Inmotion has raised $17.0M in total across 1 funding round.
Inmotion's investors include Tiantu Capital.
Inmotion has raised $17.0M across 1 funding round. Most recently, it raised $17.0M Series B in December 2014.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 9, 2014 | $17M Series B | Tiantu Capital | — | Announced |