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Kreisel Electric is an acquired company based in Freistadt (Austria), founded in 2014 by Markus Kreisel. It operates as a Provider of battery packs for electric vehicles and home energy storage systems. Kreisel Electric has raised an undisclosed amount in funding. The company has 432 active competitors, including 62 funded and 36 that have exited. Its top competitors include companies like Microvast, Log9 Materials and Corvus Energy.
Company Details
Provider of battery packs for electric vehicles and home energy storage systems. It focus on development of battery solutions for electric vehicles and home energy storage systems. The company develops lithium-ion based electric vehicle battery systems with an integrated Battery Management System. Its patented technology connects the battery cells with lasers. The cells are also floated in a liquid that cools and warms the batteries by turn, increasing its life.
- Website
- www.kreiselelectric.com/
- Social
- Email ID
- *****@kreiselelectric.com
Key Metrics
Founded Year
2014
Location
Freistadt, Austria
Stage
Acquired
Latest Funding Round
Ranked
54th among 432 active competitors
Similar Companies
Exit Details
Acquired by John Deere (Dec 14, 2021)
Kreisel Electric's acquisition details
Kreisel Electric got acquired by John Deere on Dec 14, 2021.
Click here to take a look at Kreisel Electric's acquisition in detail
Kreisel Electric's funding and investors
Kreisel Electric has raised funding over 3 rounds. Its first funding round was on Apr 01, 2020. Its latest funding round was a Grant (prize money) round on Jan 01, 2024 for $434K. 1 investor participated in its latest round, which include Invest and European Union.
Kreisel Electric has 2 institutional investors including Invest and European Union.
Here is the list of recent funding rounds of Kreisel Electric:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jan 01, 2024 | $434K | Grant (prize money) | 6953031 | 8506124 | |
Jul 18, 2023 | Undisclosed | Grant (prize money) | 9223003 | 5881344 | |
Apr 01, 2020 | $479K | Grant (prize money) | 5119909 | 1850083 |
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Kreisel Electric's founders and board of directors
Founder? Claim ProfileThe founders of Kreisel Electric is Markus Kreisel.
Here are the details of Kreisel Electric's key team members:
- Markus Kreisel: Co-Founder & CEO of Kreisel Electric.
View details of Kreisel Electric's Founder profiles and Board Members
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Kreisel Electric's Competitors and alternates
Top competitors of Kreisel Electric include Microvast, Log9 Materials and Corvus Energy. Here is the list of Top 10 competitors of Kreisel Electric, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Microvast 2006, Stafford (United States), Public | Developer of lithium-ion batteries for multi-category electric vehicles | $430M | 65/100 | |
2nd | Log9 Materials 2015, Bengaluru (India), Series B | Manufacturer of advanced batteries and energy storage solutions | $90.5M | 65/100 | |
3rd | Corvus Energy 2009, Richmond (Canada), Acquired | Developer of energy storage systems (ESS) based on lithium NMC technology | $24.7M | 63/100 | |
4th | A123 Systems 2001, Hangzhou (China), Series E | Manufacturer of automotive lithium-ion batteries | $201M | 62/100 | |
5th | Powin Energy 2010, Tualatin (United States), Public | Energy storage systems for grid level and behind-the-meter storage | $260M | 59/100 | |
6th | Flux Power 2009, Vista (United States), Public | Provider of lithium battery pack for material handling industry | - | - | 58/100 |
7th | Cadenza Innovation 2016, Oxford (United States), Series A | Lithium-Ion-based battery system developers | $20.3M | 57/100 | |
8th | Provider of lithium-ion batteries for EVs | - | - | 56/100 | |
9th | Lithium battery-based power storage systems developer | - | 54/100 | ||
10th | Moment Energy 2020, Port Coquitlam (Canada), Series A | Developer of Li-on batteries | $18.5M | 54/100 | |
54th | Kreisel Electric 2014, Freistadt (Austria), Acquired | Provider of battery packs for electric vehicles and home energy storage systems | - | 37/100 |
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Kreisel Electric's Investments and acquisitions
Kreisel Electric has made no investments or acquisitions yet.
Reports related to Kreisel Electric
Here is the latest report on Kreisel Electric's sector:
News related to Kreisel Electric
Filter this listMedia has covered Kreisel Electric for a total of 2 events in the last 1 year, 2 of them have been about partnerships.
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Allego Partners with KREISEL to Deploy Battery-Integrated ChargersEvertiq•May 09, 2025•Allego, Kreisel Electric
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Kreisel partners with CustomCells on battery designEvertiq•Feb 28, 2025•CustomCells, Kreisel Electric
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In the future, Kreisel Electric batteries will be produced on a large scale in the USATrending Topics•Aug 17, 2023•Kreisel Electric
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Deere to invest $69 million in Kernersville factoryBusiness North Carolina•Aug 15, 2023•John Deere, Kreisel Electric
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Violent legal dispute over 62 million euros from the Kreisel Electric exitTrending Topics•Aug 07, 2023•Kreisel Electric
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John Deere paid 360 million euro valuation for Kreisel Electric from Upper AustriaTrending Topics•Jun 28, 2023•John Deere, Kreisel Electric
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Kreisel Electric to expand battery production capacities to over 2 GWhJohn Deere•Sep 21, 2022•John Deere, Kreisel Electric
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Kreisel to bring superfast EV chargers to Korea in joint cooperation with EveronPulse•Jun 23, 2022•Kreisel Electric, Everon
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John Deere Acquires Majority Ownership in Kreisel ElectricJohn Deere•Feb 08, 2022•John Deere, Kreisel Electric
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Kreisel Electric and VinFast Cooperate to Develop New Battery for Electric VehiclesPR Newswire•Aug 05, 2019•Kreisel Electric, VinFast
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