Greenworks
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Greenworks - overview
Established
2002
Location
Changzhou, -, China
Primary Industry
Consumer Products
About
Founded in 2002 and based in Jiangsu, China, Greenworks (Jiangsu) Co. , Ltd. designs and manufactures environmentally-friendly outdoor power equipment, specializing in electric lawn and garden tools that promote sustainable practices and reduce emissions for both residential and commercial users. Greenworks operates in the outdoor power equipment sector, focusing on electric lawn and garden tools.
Founded in 2002 as Changzhou Globe Co. , Ltd. , later changed their name to Greenworks (Jiangsu) Co. , Ltd.
in 2020. Although financial terms were not disclosed. Greenworks has executed one notable deal to date. The company specializes in a wide range of environmentally-friendly lawn and garden tools, including electric mowers, pressure washers, chainsaws, leaf blowers, and snow removal equipment.
Their core product offerings leverage advanced battery technology, allowing for efficient and powerful operation without the emissions associated with traditional gas-powered equipment. Greenworks products cater to both residential and commercial users, addressing needs for effective lawn maintenance, gardening, and seasonal snow removal. Greenworks generates revenue through direct-to-consumer sales, partnerships with retailers, and wholesale distribution. The company is expected to focus on designing and launching new products, although specific upcoming releases have not been detailed.
Greenworks aims to expand into new markets in Europe and Asia, with plans to establish a stronger presence in these regions by the end of 2024.
Current Investors
STIHL Group
Primary Industry
Consumer Products
Sub Industries
Consumer Electronics, Retail
Website
www.greenworkstools.com.cn/
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Greenworks - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | Greenworks | - |
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