Company profile: UgoWork
1.1 - Company Overview
Company description
- Provider of industrial lithium-ion batteries and energy systems for forklifts and material handling, including IoT-connected batteries for Class I, II and III (24V, 36V, 48V), a universal high-speed charging infrastructure, and a 24V model with ultra-fast charging. Also offers Energy as a Service and UgoPilot for real-time energy and fleet management to maximize uptime, efficiency and fleet optimization.
Products and services
- Energy as a Service: Enterprise-grade flexible energy consumption model bundling lithium-ion battery products and energy management services, ensuring uptime and energy savings while enabling businesses to focus on operations
- Lithium-ion Batteries for Forklifts: Industrial-grade lithium-ion packs engineered for Class I, II, and III forklifts, with IoT connectivity to maximize equipment uptime and optimize fleet performance during demanding multi-shift operations
- Universal Charging Infrastructure: Modular charging stations compatible with all UgoWork batteries (24V, 36V, 48V), engineered for high-speed charging with minimal shop floor footprint
Key contacts
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Financial details
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1.2 - Competitors and similar companies to UgoWork
Thule Group
HQ: Sweden
Website
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- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
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Softopper
HQ: United States
Website
- Description: Provider of convertible soft tops for light-duty pickup trucks and SUVs, designing, manufacturing, and distributing products that have grown from a single offering to 38 different models.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
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Nivel
HQ: United States
Website
- Description: Provider of aftermarket golf car replacement parts and accessories, offering seat belts, seat kits, steering components, lower steering parts, steering accessories, and complete steering assemblies. Also a global aftermarket manufacturer, distributor and seller of specialty and heavy-duty vehicle parts and accessories.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Transense Technologies
HQ: United Kingdom
Website
- Description: Provider of electrical switchgear management systems and wireless passive Surface Acoustic Wave (SAW) sensor technologies for measuring torque, temperature, pressure, and force. Offers SAWsense sensors; Translogik tyre inspection and data capture tools with RFID tags and UHF readers for tyres; SAW sensing elements; SAW interrogation units; and RF rotary couplers.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Maximatecc
HQ: United States
Website
- Description: Provider of custom instrument clusters for automotive applications, specializing in the design and manufacture of products offered under several brand names.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Maximatecc company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for UgoWork
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to UgoWork
2.2 - Growth funds investing in similar companies to UgoWork
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4 - Top valuation comps for UgoWork
4.2 - Public trading comparable groups for UgoWork
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