What is Visedo?
Founded in 2009 and headquartered in Lappeenranta, Finland, Visedo specializes in advanced hybrid and electric drivetrain solutions. The company's technology is designed for a wide array of applications, including marine vessels, commercial vehicles, and heavy-duty machinery, catering to the growing demand for sustainable and efficient power systems. With a global footprint that includes subsidiaries in the Netherlands and Hong Kong, Visedo's international client base is robust, with 90 percent of its sales directed towards Europe and Asia. This strategic market penetration highlights the company's capability to meet diverse international regulatory and operational requirements.
How much funding has Visedo raised?
Visedo has raised a total of $28.4M across 2 funding rounds:
Other Financing Round
$4.7M
Other Financing Round
$23.6M
Other Financing Round (2013): $4.7M with participation from Sinituote, Power Fund II, and Finnish Industry Investment
Other Financing Round (2016): $23.6M led by Ilmarinen Mutual Pension Insurance Company, LahiTapiola, Suffice International, Emerald Technology Ventures, Finnish Industry Investment, VNT Management, Sinituote, and Green Campus Innovations
Key Investors in Visedo
Emerald Technology Ventures
Emerald Technology Ventures is a venture capital firm specializing in industrial technology, with a focus on energy, water, and mobility solutions. Their investment in Visedo aligns with their strategy of backing companies driving the green transition and technological innovation in heavy industries.
Finnish Industry Investment
Finnish Industry Investment, also known as Tesi, is a state-owned investment company that supports the growth and internationalization of Finnish companies. Their backing of Visedo underscores the strategic importance of Finnish innovation in the global cleantech market.
VNT Management
VNT Management is a venture capital firm with a strong focus on sustainability and the green transition. Their investment in Visedo reflects a commitment to supporting companies that are developing innovative solutions for a more sustainable future in sectors like heavy machinery and transportation.
What's next for Visedo?
The substantial enterprise-level funding and recent strategic investment position Visedo for accelerated growth and technological advancement. This capital infusion is expected to bolster Visedo's research and development efforts, enabling further innovation in electric and hybrid powertrain technology. The company is likely to expand its manufacturing capacity and enhance its global sales and support network to meet increasing demand. Visedo's focus on key industrial sectors poised for electrification suggests a trajectory towards becoming a dominant player in the clean energy transition for heavy-duty applications.
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