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AVID Technology Group Ltd. logo — AVID about saving the planet! Manufacturer and supplier of e...

AVID Technology Group Ltd.

AVID about saving the planet! Manufacturer and supplier of electric vehicle powertrain technology 🚗⚡

Founded 2004 United Kingdom Cramlington, United Kingdom 20 employees Venture round Total: $10.40M Consumer Electronics, Logistics +1

General Information

Company Name AVID Technology Group Ltd.
Founded Year 2004
Location United Kingdom Cramlington, United Kingdom
Employees 20
Industries Consumer Electronics, Logistics, Manufacturing
Funding Stage Venture round
Social

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About AVID Technology Group Ltd.

AVID Technology Group Ltd. is a pioneering company in the field of electric vehicle powertrain technology. Since its establishment in 2004, the company has been dedicated to revolutionizing the powertrain components and systems for heavy duty and high-performance electric and hybrid vehicles. AVID's core competencies include high power density and efficiency electric motors, high integrity power electronics, and thermal and fluidic integration of the motors and electronics into integrated devices. AVID's innovative technology is utilized by leading manufacturers of trucks, buses, construction machinery, and other heavy-duty vehicles, spanning from traction motors to battery systems, high-performance electric pumps, electric fans, alternators, thermal system modules, and control systems. Notably, the company is experiencing increasing demand for its technology in powering new robotics solutions, electrifying aircraft, and generating renewable energy. The last round of investment, amounting to £7.00M, was secured on March 6, 2019 from investors such as Maven Capital Partners, European Innovation Council, and the North East Development Capital Fund. Based in the United Kingdom, AVID Technology Group Ltd. operates within the Consumer Electronics, Logistics, and Manufacturing industries. With a clear focus on sustainability and advanced technology, AVID is positioned to make a substantial impact within the electric and hybrid vehicle market.

Business keywords: Electric Vehicle Powertrain, Electric Motors, Power Electronics, Thermal Management Systems, Heavy-Duty Vehicles, High-Performance Vehicles, Robotics Solutions, Aircraft Electrification, Smart Ancillary Systems, Hybrid Vehicles, Clean Technology, Innovative Technology, Fuel Consumption Reduction, Global Customer Base

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round £7.00M 3
Maven Capital Partners European Innovation Council
Maven Capital Partners, European Innovation Council +1
06 Mar 2019
Venture Round £3.40M 3
Downing Ventures Northern VCTs
Downing Ventures, Northern VCTs +1
06 Jul 2016

AVID Technology Group Ltd. Alternatives & Competitors

AVID Technology Group Ltd. vs
SDI Element Logic
SDI Element Logic United States

SDI a leading provider of materials handling systems and technology solutions to the retail, wholesa...

147 employees
Logistics, Manufacturing
AVID Technology Group Ltd. vs
Plasma-Therm
Plasma-Therm United States

Sustainable success through Partnership, Innovation, and Excellence

189 employees
Consumer Electronics, Manufacturing
AVID Technology Group Ltd. vs
Cailabs
Cailabs France

Shaping the light

Venture round
114 employees
Consumer Electronics, Industrial

FAQ About AVID Technology Group Ltd.

AVID about saving the planet! Manufacturer and supplier of electric vehicle powertrain technology 🚗⚡
AVID Technology Group Ltd. was founded in 2004.
AVID Technology Group Ltd. is headquartered in Cramlington, United Kingdom.
AVID Technology Group Ltd. operates in Consumer Electronics, Logistics and Manufacturing. Its work centres on Electric Vehicle Powertrain, Electric Motors, Power Electronics and Thermal Management Systems.
AVID Technology Group Ltd. has approximately 20 employees.
AVID Technology Group Ltd. has completed 2 funding rounds, raising a total of $10.40M. The latest funding stage is Venture round.
Top alternatives and competitors to AVID Technology Group Ltd. include SDI Element Logic, Plasma-Therm, Cailabs, Hitech Electric, Sengled. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
AVID Technology Group Ltd. and SDI Element Logic are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for AVID Technology Group Ltd., https://bouncewatch.com/company/avid-technology-group-ltd, updated 10 October 2024. When citing, please name BounceWatch and link this page.

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