Edison Motors Co. Ltd.
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Edison Motors Co. Ltd. - overview
Established
2015
Location
-, -, South Korea
Primary Industry
Automobiles, Other Vehicles & Parts
About
Based in South Korea, Edison Motors Co. Ltd. is focused on the design and production of innovative electric vehicle technologies, particularly electric powertrains and battery systems that enhance sustainability in transportation. Edison Motors Co.
Ltd. specializes in advanced electric vehicle technologies with its headquarters located in South Korea. The company was founded in 2015 by Aditya Kumar, who has an extensive background in the automotive industry. In September 2023, the company was fully acquired by KG Mobility Corp.
for KRW 55 billion, signifying a strategic move to expand their product offerings. Edison Motors has engaged in two significant deals since its inception, including the latest agreement in 2023, reflecting its evolving business operations. Edison Motors EV specializes in designing and manufacturing advanced electric vehicle technologies, particularly electric powertrains and battery systems. Its core offerings include high-efficiency electric motors, battery management systems, and integrated charging solutions.
The company serves automotive manufacturers, fleet operators, and technology integrators, promoting environmentally friendly transportation options and enabling businesses to adopt electric mobility solutions. Their products are marketed in North America, Europe, and Asia, indicating a commitment to expanding electric vehicle infrastructure globally. In the most recent fiscal year of 2024, Edison Motors achieved a revenue of KRW 68,012,403. 4 with an EBITDA of KRW -1,786,341.
9. The company generates revenue through direct sales of its electric powertrain systems and battery solutions to automotive manufacturers and commercial fleets, supplemented by service agreements for maintenance and support. Following the acquisition by KG Mobility Corp. in September 2023, Edison Motors plans to leverage its new resources to support the development of new products, particularly for commercial vehicles.
The acquisition is aimed at expanding the product lineup and enhancing market reach. Edison Motors is targeting further expansion into additional Asian and European markets to enhance its distribution capabilities and increase market penetration.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts, Ship Building & Repair, Digital Media
Website
www.edisonmotorsev.com
Verticals
Artificial Intelligence, Big Data, Cloud Computing, Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Edison Motors Co. Ltd. - timeline of key events
Edison Motors Co. Ltd. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 20,191,932,495 | 36,249,405,120 | 22,981,852,152 | 80,930,943,312 | 89,787,630,480 | 81,670,581,012 | 81,646,892,202 | - | - | - |
| % Revenue Growth (YoY) | - | 79.5% | (36.6%) | 252.2% | 10.9% | (9.0%) | (0.0%) | - | - | - |
| EBITDA (USD) | (1,912,073,028) | (2,820,641,940) | (9,380,211,579) | 7,131,278,087 | 5,062,564,774 | 4,666,176,566 | (7,079,936,138) | - | - | - |
| Operating Income (USD) | (3,178,025,758) | (4,190,626,168) | (10,452,971,595) | 5,644,795,211 | 2,758,970,702 | 1,135,638,917 | (12,218,079,959) | - | - | - |
| Operating Margin | (15.7%) | (11.6%) | (45.5%) | 7.0% | 3.1% | 1.4% | (15.0%) | - | - | - |
| % EBITDA Margin | (9.5%) | (7.8%) | (40.8%) | 8.8% | 5.6% | 5.7% | (8.7%) | - | - | - |
| NET Income (USD) | (4,193,826,658) | (5,979,948,449) | (18,342,452,007) | 2,662,070,374 | (1,557,275,664) | (26,383,942,467) | 38,287,586,360 | - | - | - |
| % Net Margin | (20.8%) | (16.5%) | (79.8%) | 3.3% | (1.7%) | (32.3%) | 46.9% | - | - | - |
Edison Motors Co. Ltd. - employee data
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