NexxtDrive Limited
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NexxtDrive Limited - overview
Established
2000
Location
London, -, UK
Primary Industry
Transportation Services
About
NexxtDrive Limited develops advanced hybrid propulsion systems for light electric vehicles, focusing on enhancing eBike technology. Their flagship CyberDrive e-Drive system integrates electric and human power for a seamless riding experience. Founded in 2000, NexxtDrive Limited is based in London, UK, and is known for its innovative approach to light electric vehicle technology. The company was acquired by Nova Capital Management in October 2001, indicating a strategic pivot in its operations.
Its founder has not been disclosed. NexxtDrive Limited specializes in hybrid propulsion systems primarily through its flagship product, the CyberDrive e-Drive. This patented system integrates human and electric power, providing options for mid-mounted or rear drive configurations. The CyberDrive is equipped with a sophisticated controller that supports various connectivity options, allowing users to monitor performance via a Bluetooth application.
The company's products are targeted towards OEM developers, allowing for customization to meet specific market requirements, especially in Europe, North America, and select Asian markets. In 2017, NexxtDrive Limited reported a revenue of USD 824,443. 30. The company generates revenue through licensing its patented technologies to Tier 1 suppliers and OEMs in the light electric vehicle market, facilitating the integration of its CyberDrive systems into their products.
NexxtDrive Limited aims to expand its product line by developing new eBike systems, with specific upcoming launches anticipated in the next few years. The company is targeting additional markets in Europe and North America for expansion, with plans to enter select Asian markets by 2025. The funding received from its acquisition by Nova Capital Management in 2001 is expected to support these growth initiatives.
Current Investors
Nova Capital Management
Primary Industry
Transportation Services
Sub Industries
Marine, Power Generation Equipment & Services
Website
www.nexxtdrive.com
Verticals
Manufacturing, Urban Planning
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
NexxtDrive Limited - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | NexxtDrive Limited | - |
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