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Optare PLC logo — Going further towards a zero emission future

Optare PLC

Going further towards a zero emission future

Founded 1985 United Kingdom United Kingdom 87 employees Private Equity Total: $113.38M Manufacturing, Transportation +1

General Information

Company Name Optare PLC
Founded Year 1985
Location United Kingdom United Kingdom
Founders / Decision Makers
Team member
Employees 87
Industries Manufacturing, Transportation, Automotive
Funding Stage Private Equity
Social

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About Optare PLC

Optare PLC is a United Kingdom-based company with a clear vision of "Going further towards a zero emission future." With nearly a century of industry expertise, Optare specializes in utilizing cutting-edge technologies for bus design and manufacturing. The company prides itself on its lightweight integral chassis designs, resulting in remarkable fuel efficiency. Optare offers a range of options, including enhanced diesel technology, diesel hybrid, and full electric power, all compliant with Euro 6 emissions legislation. As part of the Hinduja Group, Optare benefits from its parent company, Ashok Leyland, one of the top four global bus manufacturers. The company's commitment to sustainability and innovative technology positions it as a formidable player in the manufacturing and transportation industries. With an arsenal of state-of-the-art solutions, Optare PLC continues to drive towards a future of eco-friendly public transportation.

Taxonomy: bus design, zero emissions, Euro 6 emissions legislation, electric buses, hybrid buses, integrated chassis design, sustainable transportation, low carbon vehicles, urban mobility, vehicle servicing, Hinduja Group, innovative technology, global bus manufacturer, clean energy

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Private Equity Round £113.38M 1
Ashok Leyland
01 Dec 2023

Optare PLC Alternatives & Competitors

Optare PLC vs
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FAQ About Optare PLC

Going further towards a zero emission future
Optare PLC was founded in 1985.
Optare PLC is headquartered in United Kingdom.
Optare PLC operates in Manufacturing, Transportation and Automotive. Its work centres on bus design, zero emissions, Euro 6 emissions legislation and electric buses.
Optare PLC has approximately 87 employees.
Optare PLC has completed 1 funding round, raising a total of $113.38M. The latest funding stage is Private Equity.
Top alternatives and competitors to Optare PLC include Quantum Motors S.A., Lion Electric, BasiGo, Dancer bus, Motiv Electric Trucks. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Optare PLC and Quantum Motors S.A. 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 Optare PLC, https://bouncewatch.com/company/optare-plc, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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