Greenland Technologies
A leading developer and manufacturer of electric industrial vehicles and power systems for material handling equipment.
Launch date
Employees
Market cap
€34.9m
Enterprise valuation
€45m (Public information from Sep 2024)
Share price
$2.42 GTEC
Sayreville New Jersey (HQ)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 66.9m | 98.8m | 90.8m | 90.3m | 104m | 137m | - |
| % growth | 28 % | 48 % | (8 %) | (1 %) | 15 % | 32 % | - |
| EBITDA | 10.1m | 12.2m | 10.2m | (19.4m) | 12.5m | - | - |
| % EBITDA margin | 15 % | 12 % | 11 % | (22 %) | 12 % | - | - |
| Profit | 6.8m | 6.3m | 3.6m | (15.9m) | 3.7m | 4.1m | - |
| % profit margin | 10 % | 6 % | 4 % | (18 %) | 4 % | 3 % | - |
| EV / revenue | 1.1x | 0.7x | 0.3x | 0.4x | 0.3x | 0.2x | - |
| EV / EBITDA | 7.3x | 6.0x | 2.7x | -1.9x | 2.2x | - | - |
| R&D budget | 2.4m | 5.5m | 5.8m | 5.4m | - | - | - |
| R&D % of revenue | 4 % | 6 % | 6 % | 6 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | IPO | |
* | N/A | $1.7m | Post IPO Equity |
* | N/A | $2.8m | Private Placement VC |
| Total Funding | €2.5m | ||
