Visedo Oy
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Visedo Oy - overview
Established
2009
Location
Lappeenranta, -, Finland
Primary Industry
Electronics
About
Visedo Oy is a Finnish company focused on developing advanced hybrid and electric drivetrain solutions for heavy-duty and commercial vehicles, aiding the transition toward sustainable energy systems. Founded in 2009, Visedo Oy specializes in hybrid and electric drivetrains. The company is headquartered in Lappeenranta, Finland. In November 2017, Visedo was acquired by Danfoss, but details of the financial terms were not disclosed.
The company has engaged in five total funding deals, with the latest being a GROWTH round in which they raised EUR 15. 00 mn, led by Emerald Technology Ventures. Other investors included Green Campus Innovations and Ilmarinen Mutual Pension Insurance Company. Visedo Oy offers advanced hybrid and electric drivetrain systems tailored for heavy-duty and commercial vehicle markets, applicable on land and sea.
Their core products include electric machines and converters, enhancing the efficiency and sustainability of industrial operations across various sectors such as marine, construction, and mobile hydraulics. The EDITRON system, utilizing proprietary software, optimizes performance and energy efficiency, enabling firms to transition toward carbon-neutral solutions. Visedo Oy generates revenue primarily through B2B sales of its electric and hybrid drivetrain technologies to manufacturers and OEMs. Their revenue model focuses on direct sales of flagship products like the EDITRON system, with pricing based on customization and complexity.
By cultivating partnerships with established market players, Visedo enhances market access and creates opportunities for recurring revenue through maintenance and upgrades, while continuing to invest in product innovation. With the recent funding from the GROWTH round in November 2017, Visedo Oy plans to expand its product lineup and enter new markets. They are focused on launching additional innovative drivetrain products aimed at enhancing performance and energy efficiency. Specific geographic markets targeted for expansion include North America and Asia, with a goal to establish a stronger presence by 2025.
This funding will support research and development initiatives to accelerate these objectives.
Current Investors
European Investment Bank, Tesi, VNT Management
Primary Industry
Electronics
Sub Industries
Industrial Machinery, Electronic Components, Electronic Coils & Transformers
Website
www.visedo.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Visedo Oy - employee data
Visedo Oy - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member Of The Supervisory Board | BM |
BM Board Member
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