The electric vehicle power conversion companies industry focuses on enabling efficient energy transfer for electric vehicles. These companies design and manufacture critical components such as power electronics, battery management systems, and charging solutions. The industry is poised for growth, driven by advancements in technology and a shift towards sustainable transport. As electric vehicles gain traction, innovation in power conversion technology is essential for improving performance, minimizing charging times, and enhancing overall vehicle efficiency. With increasing environmental awareness and government policies promoting electric mobility, this sector is set for a transformative future, aligning with global decarbonization efforts.

This compilation features 25 electric vehicle power conversion companies, highlighting companies founded between 1960 and 2023. They range from large corporations like Toyota, with over 10,000 employees, to smaller firms such as Fellten, with around 21 employees. Headquartered across various countries, these companies specialize in technologies crucial for electric vehicle performance, including battery management, charging infrastructure, and power electronics. Their operations indicate a strong emphasis on sustainability and innovation, catering to a rapidly evolving automotive sector.

Read on to learn more about the top electric vehicle power conversion companies.

Top 25 Electric Vehicle Power Conversion Companies

1. Toyota Motor Corporation

• Website: toyota-global.com
• Ownership type: Corporate
• Headquarters: Toyota, Aichi, Japan
• Employee distribution: United States (USA) 37%, Japan 16%, South Africa 6%, Other 42%
• Latest funding: $675.0M, January 2021
• Founded year: 2018
• Headcount: 10001+
• LinkedIn: toyota

Toyota Motor Corporation, founded in 1937 and headquartered in Toyota City, Aichi, Japan, is a prominent automobile manufacturer. The company produces a wide array of vehicles, including hybrids and electric models, and is dedicated to innovative mobility solutions and sustainability. Toyota has been at the forefront of hybrid technology with its Prius model, which has set benchmarks in fuel efficiency and environmental impact. Recently, the company has been increasing its focus on battery electric vehicles (BEVs) and hydrogen fuel cell technologies, aiming to reduce carbon emissions and enhance transportation efficiency. Toyota's production philosophy, known as the Toyota Production System, emphasizes waste reduction and efficiency, which is integral to their manufacturing processes. The company has also made significant investments in battery technology, indicating a commitment to advancing electric vehicle capabilities. As of January 2021, Toyota reported a funding amount of $675 million, reflecting ongoing investment in its electrification strategy.

2. BRUSA HyPower

• Website: brusahypower.com
• Ownership type: Private Equity
• Headquarters: Buchs, St. Gallen, Switzerland
• Employee distribution: Switzerland 74%, Germany 23%, China 2%, Other 1%
• Latest funding: July 2022
• Founded year: 2021
• Headcount: 201-500
• LinkedIn: brusa-hypower

BRUSA HyPower AG, based in Buchs, Switzerland, is an energy conversion company that specializes in power electronics and charging solutions for electric mobility. Established in 2021, the company has quickly positioned itself as a key player in the electric vehicle sector. BRUSA HyPower offers advanced products such as on-board chargers and DC/DC converters, which are critical for the functionality of electric vehicles. Their engineering services focus on creating innovative solutions that enhance the efficiency and sustainability of electric systems. The company serves a variety of customers in the automotive and energy sectors, demonstrating its commitment to advancing electric mobility. With a workforce of around 167 employees, BRUSA HyPower is actively involved in projects that aim to improve the performance and reliability of electric power conversion technologies.

3. Northvolt

• Website: northvolt.com
• Ownership type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Employee distribution: Sweden 95%, Poland 3%, Other 2%
• Latest funding: Other (Debt), $5.0B, January 2024
• Founded year: 2016
• Headcount: 5001-10000
• LinkedIn: northvolt

Northvolt AB, founded in 2016 and based in Stockholm, Sweden, is a prominent player in the battery manufacturing industry. The company specializes in lithium-ion technology, producing high-performance battery cells and systems tailored for electric vehicles and energy storage solutions. Northvolt is dedicated to sustainability, aiming to manufacture batteries with a significantly lower carbon footprint compared to traditional methods. They utilize renewable energy in their production processes, which is a critical factor in today's environmentally conscious market. With a workforce of over 4,700 employees, Northvolt has established itself as a key supplier for automotive and industrial customers. The company has recently secured substantial funding, amounting to over 5 billion USD, indicating strong investor confidence in their growth and innovation potential. Northvolt's product offerings include lithium-ion, sodium-ion, and lithium-metal cells, as well as modular energy storage systems like Voltpack, which cater to various applications in the electric mobility and energy sectors.

4. Curtis Instruments

• Website: curtisinstruments.com
• Ownership type: Corporate
• Headquarters: Mount Kisco, New York, United States (USA)
• Employee distribution: United States (USA) 43%, United Kingdom (UK) 15%, India 14%, Other 28%
• Latest funding: January 2022
• Founded year: 1960
• Headcount: 1001-5000
• LinkedIn: curtis-instruments

Curtis Instruments, Inc. is a corporate entity based in Mount Kisco, New York, with a workforce of approximately 548 employees. Founded in 1960, the company has carved out a niche in electric vehicle technology. They provide a range of products that are vital for electric vehicle operation, including motor controllers, battery chargers, and instrumentation. Curtis Instruments emphasizes engineering support and integrated systems, which enhances their appeal to manufacturers and operators in the electric vehicle sector. Their products are utilized in various applications, from industrial vehicles to medical mobility solutions, showcasing their adaptability and commitment to innovation in the electric vehicle industry.

5. Eldor Corporation

• Website: eldorgroup.com
• Ownership type: Private
• Headquarters: Orsenigo, Lombardy, Italy
• Employee distribution: Turkey 45%, Italy 25%, Brazil 19%, Other 11%
• Founded year: 1972
• Headcount: 1001-5000
• LinkedIn: eldor

Eldor Corporation S.p.A., founded in 1972 and based in Orsenigo, Lombardy, Italy, is an automotive technology company that specializes in advanced ignition systems and electrification solutions. With a workforce of approximately 1,430 employees, Eldor operates globally, serving automotive manufacturers and the clean energy sector. The company is dedicated to reducing CO2 emissions and enhancing vehicle performance through its innovative products. Their portfolio includes high-energy ignition systems, e-motors, electronic control units, and charging stations, all of which play a significant role in the electrification of vehicles. Eldor's commitment to sustainability is evident in their focus on developing technologies that contribute to a healthier planet. They maintain production facilities in several countries, including Italy, China, Turkey, Brazil, and the USA, ensuring a broad reach in the automotive market.

6. Silicon Mobility

• Website: silicon-mobility.com
• Ownership type: Corporate
• Headquarters: Valbonne, Provence-Alpes-Côte D'Azur, France
• Latest funding: January 2024
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: silicon-mobility

Silicon Mobility, founded in 2015 and headquartered in Valbonne, France, is an automotive technology company that specializes in semiconductor and software solutions tailored for electric and hybrid vehicles. The company has developed innovative products like the OLEA® FPCU, a flexible semiconductor solution designed for real-time control of electric powertrains, and the OLEA® APP, which enhances the performance and efficiency of electric and hybrid vehicles. Silicon Mobility's technology is aimed at optimizing energy management, increasing vehicle range, and reducing charging times, which are crucial for the advancement of electric mobility. The company serves a variety of clients, including vehicle manufacturers and Tier 1 suppliers, and is actively involved in the electrification of the automotive industry. Recently, Silicon Mobility became part of Intel, further solidifying its position in the automotive technology sector.

7. MEDCOM Sp. z o.o.

• Website: medcom.com.pl
• Ownership type: Corporate
• Headquarters: Warsaw, Masovian Voivodeship, Poland
• Employee distribution: Poland 100%
• Latest funding: January 2016
• Founded year: 1988
• Headcount: 201-500
• LinkedIn: medcom-sp-z-o-o-

MEDCOM Sp. z o.o., founded in 1988 and based in Warsaw, Poland, is a manufacturer specializing in energy electronics tailored for public transport and industrial applications. The company designs and produces advanced solutions such as traction drives, auxiliary converters, and energy storage systems. Their products are primarily aimed at public transport operators and industrial clients, enhancing energy efficiency and reliability in transport systems. MEDCOM has developed over 28,000 devices for various applications, demonstrating their extensive experience in the field. Their systems are utilized in electric buses, trams, and trains across multiple countries, including Poland, the United States, and Turkey. The company is committed to innovating energy solutions that support the electrification of public transport, making them a significant player in the electric vehicle power conversion market.

8. Kalyani Powertrain Ltd

• Website: kalyanimotive.com
• Ownership type: Private
• Headquarters: Pune, Maharashtra, India
• Employee distribution: India 100%
• Founded year: 2020
• Headcount: 501-1000
• LinkedIn: kalyanimotive

Kalyani Powertrain Ltd, based in Pune, Maharashtra, India, is an automotive technology provider that specializes in electric vehicle solutions. Founded in 2020, the company operates as a wholly-owned subsidiary of Bharat Forge Ltd. Kalyani Powertrain offers a comprehensive range of products, including electric powertrains, power electronics, and advanced battery technologies. Their primary clientele includes automotive manufacturers and logistics companies seeking sustainable mobility solutions. The company is actively involved in the electrification of various vehicle segments, including two-wheelers, three-wheelers, four-wheelers, buses, and trucks. Kalyani Powertrain emphasizes innovation and has developed many products in-house while also collaborating with global technology partners. Their commitment to reducing carbon emissions and enhancing operational efficiency reflects their alignment with the growing demand for electric vehicles in the market.

9. Ample

• Website: ample.com
• Ownership type: Private Equity
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: United States (USA) 91%, Spain 6%, Other 2%
• Latest funding: $25.0M, November 2024
• Founded year: 2014
• Headcount: 51-200
• LinkedIn: ample-inc

Ample, founded in 2014 and based in San Francisco, California, specializes in electric vehicle services with a focus on battery swapping technology. The company aims to accelerate the transition to electric mobility by providing energy delivery solutions that allow electric vehicles to be charged quickly and efficiently. Their modular battery swapping system enables a full charge in under five minutes, significantly reducing downtime for electric vehicles. Ample's technology is designed to be compatible with any electric vehicle, allowing car manufacturers to integrate their systems without extensive redesigns. The company has attracted significant investment, including a recent funding round of $25 million in November 2024, which underscores its growth potential and commitment to expanding its infrastructure. Ample's clientele includes fleet managers and car manufacturers, who benefit from reduced charging times and improved vehicle readiness, making it a key player in the electric vehicle industry.

10. Ampcontrol

• Website: ampcontrolgroup.com
• Ownership type: Venture Capital
• Headquarters: Tomago, New South Wales, Australia
• Employee distribution: Australia 95%, Other 5%
• Latest funding: Seed, August 2022
• Founded year: 1968
• Headcount: 501-1000
• LinkedIn: ampcontrol

Ampcontrol, based in Tomago, New South Wales, Australia, is an energy solutions provider with a history dating back to 1968. The company focuses on innovative technologies aimed at electrification and decarbonization, catering primarily to the mining and energy sectors. Ampcontrol offers a range of products and services, including electric vehicle packages, charging infrastructure, and hybrid marine vessels. Their e-mobility solutions are designed to advance the energy sector, showcasing their commitment to sustainability. With a workforce of approximately 738 employees, Ampcontrol leverages advanced manufacturing capabilities to deliver tailored energy solutions. Their projects reflect a dedication to driving change in energy utilization, particularly in the context of electric vehicles and renewable energy solutions.

11. Power Electronics

• Website: power-electronics.com
• Ownership type: Private
• Headquarters: Aiacor, Valencian Community, Spain
• Employee distribution: Spain 74%, United States (USA) 15%, United Kingdom (UK) 3%, Other 8%
• Latest funding: Other (Grant), $200,000, August 2014
• Founded year: 1987
• Headcount: 1001-5000
• LinkedIn: power-electronics

Power Electronics, founded in 1987 and based in Aiacor, Spain, is a private company with a workforce of over 2,000 employees. The firm specializes in renewable energy solutions, particularly in solar energy, energy storage, and electric mobility. They manufacture a range of products, including solar inverters, battery inverters, and electric vehicle chargers. Their technology is utilized by businesses in the renewable energy and electric vehicle sectors, enhancing energy efficiency and promoting sustainable practices. Power Electronics has established itself as a significant player in the electric mobility market, actively participating in events and initiatives that support the growth of electric vehicle infrastructure. Their commitment to innovation and sustainability is evident in their product development and service offerings.

12. Inmotion

• Website: evs-inmotion.com
• Ownership type: Private
• Headquarters: Stockholm, Stockholm, Sweden
• Employee distribution: Sweden 70%, United States (USA) 26%, China 2%, Other 1%
• Founded year: 2014
• Headcount: 201-500
• LinkedIn: evs-inmotion

Inmotion Technologies, based in Stockholm, Sweden, is a private company founded in 2014 that specializes in vehicle electrification. The firm focuses on providing power electronics solutions for electric vehicles, offering a comprehensive range of products including inverters, converters, and motors. Inmotion primarily serves original equipment manufacturers (OEMs) in the automotive industry, emphasizing co-engineering and dedicated support to assist customers in transitioning to electric and hybrid vehicle technologies. With a workforce of approximately 268 employees, the company has a significant presence in Sweden and the United States, along with operations in China and other regions. Inmotion has a rich history in industrial power electronics, having developed solutions since the 1960s, and has increasingly concentrated its efforts on electric vehicle applications since the 1990s. Their commitment to quality and innovation positions them as a reliable partner for OEMs looking to enhance their electrification capabilities.

13. hofer powertrain

• Website: hoferpowertrain.com
• Ownership type: Corporate
• Headquarters: Germany
• Employee distribution: Germany 25%, United Kingdom (UK) 24%, Hungary 19%, Other 32%
• Latest funding: November 2021
• Founded year: 1980
• Headcount: 501-1000
• LinkedIn: hofer-powertrain

hofer powertrain is a German company that specializes in powertrain solutions for the automotive industry. Founded in 1980, the company has built a reputation for providing innovative technologies and engineering services focused on electrification and hybridization. With a workforce of around 225 employees, hofer powertrain operates across multiple locations in Europe and beyond, serving a global clientele. Their expertise includes the development of electric drive units, power electronics, and battery storage solutions, catering to various mobility sectors such as passenger cars, commercial vehicles, and autonomous systems. The company has been instrumental in supporting major automotive manufacturers in their electrification efforts, leveraging their extensive experience to deliver efficient and effective powertrain solutions.

14. KOSTAL Group

• Website: kostal.com
• Ownership type: Family Owned
• Headquarters: Neunkirchen, North Rhine-Westphalia, Germany
• Employee distribution: Mexico 18%, Germany 18%, Bulgaria 9%, Other 55%
• Founded year: 1912
• Headcount: 10001+
• LinkedIn: kostal-group

KOSTAL Group, officially known as Leopold Kostal GmbH & Co. KG, is a family-owned manufacturing company based in Neunkirchen, North Rhine-Westphalia, Germany. Founded in 1912, KOSTAL has grown to employ nearly 20,000 people across 46 locations worldwide. The company specializes in automotive electrical systems, industrial electronics, and solar energy solutions. KOSTAL provides a range of innovative products, including inverters, drive controllers, and connectors, catering to major automotive manufacturers and other industries. Their focus on power electronics is particularly relevant to the electric vehicle sector, where they develop solutions that enhance electromobility. KOSTAL's commitment to sustainability and quality is reflected in their significant investment in research and development, exceeding €200 million annually. This dedication positions them as a key player in the evolving landscape of electric vehicle technology.

15. Lightyear

• Website: lightyear.one
• Ownership type: Venture Capital
• Headquarters: Venray, Limburg, Netherlands
• Employee distribution: Netherlands 100%
• Latest funding: $11.2M, September 2024
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: lightyear.one

Lightyear, founded in 2016 and based in Venray, Limburg, Netherlands, is a solar electric vehicle manufacturer dedicated to sustainable mobility solutions. The company develops cutting-edge solar charging systems and Vehicle Integrated Photovoltaics (VIPV), which are designed to enhance the efficiency of electric vehicles. Lightyear's innovative approach allows vehicles to harness solar energy, reducing dependence on traditional charging infrastructure. With a team of approximately 65 employees, Lightyear is actively working to transform the automotive industry by making solar electric vehicles more accessible. Recently, the company secured over 10 million euros in funding, which will support the continued development and manufacturing of their solar technologies, positioning them as a significant player in the electric vehicle market.

16. Litens Automotive Group

• Website: litens.com
• Ownership type: Private
• Headquarters: Vaughan, Ontario, Canada
• Employee distribution: Canada 52%, Brazil 22%, India 7%, Other 19%
• Founded year: 1979
• Headcount: 1001-5000
• LinkedIn: litens-automotive

Litens Automotive Group, founded in 1979 and based in Vaughan, Ontario, Canada, is a private automotive component manufacturer. The company specializes in powertrain system engineering and innovative technologies, focusing on electric vehicle (EV), hybrid, and internal combustion engine (ICE) technologies. Litens serves a global clientele, providing solutions that enhance vehicle performance and efficiency. Their product lineup includes advanced battery packs designed for improved recycling and environmental stewardship, as well as thermal management systems and electric water pumps that contribute to the overall efficiency of electric and hybrid vehicles. With a workforce of over 700 employees and operations in multiple countries, Litens is committed to sustainability and engineering excellence, making significant contributions to the automotive industry.

17. Zeronox, Inc.

• Website: zeronox.com
• Ownership type: Venture Capital
• Headquarters: Porterville, California, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: January 2021
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: zeronox

Zeronox, Inc., founded in 2017 and based in Porterville, California, is a clean energy technology firm dedicated to the electrification of commercial and industrial vehicles. The company specializes in providing innovative solutions such as electric powertrains, fleet conversions, and battery upgrades, aimed at helping businesses transition to sustainable operations. Zeronox collaborates with OEMs to design electric powertrains that enhance performance and reduce emissions. Their customer base includes fleet operators looking to achieve zero-emissions goals. Zeronox is committed to empowering communities through innovation and has developed proprietary technology, the ZeroNox Electric Powertrain Platform (ZEPP), which is central to their offerings. The company has not reported any recent funding, indicating a focus on organic growth and development within the clean energy sector.

18. BRUSA Elektronik AG

• Website: brusa.biz
• Ownership type: Private
• Headquarters: Buchs, St. Gallen, Switzerland
• Latest funding: October 2024
• Founded year: 1985
• Headcount: 201-500
• LinkedIn: brusa-elektronik-ag

BRUSA Elektronik AG, based in Buchs, St. Gallen, Switzerland, is a private company that has been at the forefront of electric mobility since its inception in 1985. The firm specializes in electric mobility solutions, with a particular emphasis on inductive charging systems and power electronics. BRUSA offers a range of innovative products and engineering services tailored for automotive manufacturers and other businesses in the electric mobility sector. Their commitment to enhancing the efficiency and convenience of electric vehicle charging is evident in their development of the world's first inductive charging system for a premium German automotive client. Additionally, BRUSA has been involved in significant projects, including the creation of HV booster technology for the Porsche Taycan and the series production of inductive charging systems for BMW. With a workforce of around 89 employees, the company operates globally, with locations in Switzerland, Germany, and China, and continues to push the boundaries of technology in the electric vehicle industry.

19. Gck

• Website: gck.co
• Ownership type: Corporate
• Headquarters: Le Bourget-Du-Lac, Auvergne-Rhône-Alpes, France
• Employee distribution: France 100%
• Latest funding: September 2023
• Founded year: 2020
• Headcount: 201-500
• LinkedIn: gc-k

GCK, founded in 2020 and based in Le Bourget-Du-Lac, France, is an automotive manufacturer and energy solutions provider focused on decarbonized mobility. The company operates through multiple divisions, including Technology, Vehicle, and Energy, and is involved in the design and production of electric and hydrogen vehicles, as well as batteries and charging solutions. GCK serves various businesses and organizations in the transportation sector, aiding them in their transition to sustainable practices. With a workforce of around 300 employees, GCK has established a strong industrial presence in France, particularly in the Auvergne-Rhône-Alpes region. Their recent activities include the development of innovative technologies and partnerships with major industrial players, enhancing their capabilities in the electric vehicle market.

20. Fellten

• Website: fellten.com
• Ownership type: Private
• Headquarters: Bristol, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 81%, Australia 19%
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: zero-ev

Fellten, founded in 2018 and based in Bristol, England, is a private company with a workforce of around 21 employees. The firm specializes in electric vehicle solutions, focusing on the design, development, and manufacturing of battery electronic systems. Their product range includes EV retrofitting kits, battery packs, and comprehensive design and development services tailored for industries such as automotive, marine, defense, and mining. Fellten's operations also encompass manufacturing and training, aimed at facilitating the transition to sustainable energy solutions. The company is dedicated to empowering businesses globally, helping them to innovate and integrate electric powertrains into their offerings. With a commitment to high performance and safety, Fellten is positioned as a key player in the electric vehicle power conversion sector.

21. Ennovation Technology

• Website: ennovationtech.eu
• Ownership type: Private
• Headquarters: Warsaw, Masovian Voivodeship, Poland
• Employee distribution: Poland 100%
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: ennovation-technology

Ennovation Technology, founded in 2019 and based in Warsaw, Poland, is an engineering firm dedicated to advancing e-mobility and renewable energy solutions. With a team of approximately 29 employees, the company focuses on providing innovative products and services tailored to the automotive and energy sectors. Their product lineup includes electric drives, energy storage systems, and a range of DC charging stations, catering to businesses looking to enhance their sustainability efforts. Ennovation Technology also offers services such as the integration of electric and hydrogen drives in new vehicles, conversions of delivery and heavy-duty vehicles, and the design of lithium-ion battery systems. Their commitment to developing solutions that align with the European Green Deal underscores their role in the ongoing energy transition.

22. SEG Automotive

• Website: seg-automotive.com
• Ownership type: Private
• Headquarters: Stuttgart, Baden-Württemberg, Germany
• Employee distribution: India 26%, Germany 23%, Brazil 22%, Other 29%
• Latest funding: January 2018
• Founded year: 2018
• Headcount: 5001-10000
• LinkedIn: seg-automotive

SEG Automotive, founded in 2018 and based in Stuttgart, Germany, is an automotive manufacturer that specializes in powertrain components. The company has a rich history, tracing its roots back to the invention of the first starter motors and generators over a century ago. Today, SEG Automotive offers a wide range of products, including starter motors, generators, and e-machines tailored for various vehicles, from passenger cars to commercial vehicles and light electric mobility solutions. Their products are designed to enhance vehicle efficiency and comply with stringent emissions regulations. With a global presence and a workforce of around 6,000 employees, SEG Automotive serves major automotive OEMs, providing high-quality components that support the industry's shift towards electrification. Their innovative 48V and high voltage e-machines are particularly noteworthy, as they play a crucial role in the electrification of powertrains, making them a significant player in the electric vehicle sector.

23. Emoss

• Website: emoss.nl
• Ownership type: Corporate
• Headquarters: Oosterhout, North Brabant, Netherlands
• Employee distribution: Netherlands 81%, India 19%
• Latest funding: May 2018
• Founded year: 2011
• Headcount: 51-200
• LinkedIn: emoss-bv

Emoss, founded in 2011 and based in Oosterhout, North Brabant, Netherlands, is an electric mobility company that specializes in electric powertrains and vehicle conversions. With a workforce of around 59 employees, Emoss has carved out a niche in helping businesses transition to sustainable electric vehicles. The company offers tailored solutions for various industries, including waste management, construction, and airport services. Emoss prides itself on its innovative approach, leveraging over 20 years of experience in electric mobility to develop and supply fully electric and hybrid powertrains. Their services include the conversion of diesel-powered vehicles into electric ones, which not only reduces emissions but also lowers operating costs for clients. Emoss is part of the Precision Group, which enhances its capabilities and reach in the automotive sector. The company emphasizes customer satisfaction and aims to be a trusted partner in electrification, providing support throughout the conversion process and beyond.

24. Turntide Technologies

• Website: turntide.com
• Ownership type: Venture Capital
• Headquarters: Alpharetta, Georgia, United States (USA)
• Employee distribution: United Kingdom (UK) 67%, United States (USA) 20%, Canada 9%, Other 4%
• Latest funding: $80.0M, June 2022
• Founded year: 2013
• Headcount: 201-500
• LinkedIn: softwaremotor

Turntide Technologies, founded in 2013 and based in Alpharetta, Georgia, is a manufacturer that specializes in electric motors, power electronics, and energy storage solutions. The company operates across multiple sectors, including construction, agriculture, military, and notably, the electric vehicle industry. Turntide's innovative products are designed to enhance efficiency and reduce environmental impact, making them a key player in the electrification movement. Their offerings include high-efficiency motors and modular power electronics, which are essential for electric vehicles. With a workforce of over 200 employees and significant backing from venture capital, including an $80 million funding round in June 2022, Turntide is positioned to make a substantial impact in the market.

25. WiTricity

• Website: witricity.com
• Ownership type: Venture Capital
• Headquarters: Watertown, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 59%, Switzerland 14%, Japan 9%, Other 19%
• Latest funding: $63.0M, August 2022
• Founded year: 2007
• Headcount: 51-200
• LinkedIn: witricity-corporation

WiTricity, founded in 2007 and based in Watertown, Massachusetts, is a technology company that specializes in wireless electric vehicle charging solutions. The company has pioneered the development of the WiTricity Halo™ charging system, which allows electric vehicles to charge without the need for physical connections. This system is particularly beneficial for automotive manufacturers and fleet operators, as it streamlines the charging process and enhances operational efficiency. WiTricity's technology is designed to meet the needs of various applications, including passenger vehicles, commercial fleets, and even autonomous vehicles. The company has also expanded its offerings to include solutions for electric golf carts and low-speed vehicles. With a workforce of around 79 employees and a significant funding round of $63 million in 2022, WiTricity is actively engaged in shaping the future of electric vehicle charging infrastructure.

Electric Vehicle Power Conversion Insights: Key Companies

Company	Headquarter	Size	Founded	Ownership
Toyota Motor Corporation	Toyota, Aichi, Japan	10001+	2018	Corporate
BRUSA HyPower	Buchs, St. Gallen, Switzerland	201-500	2021	Private Equity
Northvolt	Stockholm, Stockholm, Sweden	5001-10000	2016	Private Equity
Curtis Instruments	Mount Kisco, New York, United States (USA)	1001-5000	1960	Corporate
Eldor Corporation	Orsenigo, Lombardy, Italy	1001-5000	1972	Private
Silicon Mobility	Valbonne, Provence-Alpes-Côte D'Azur, France	51-200	2015	Corporate
MEDCOM Sp. z o.o.	Warsaw, Masovian Voivodeship, Poland	201-500	1988	Corporate
Kalyani Powertrain Ltd	Pune, Maharashtra, India	501-1000	2020	Private
Ample	San Francisco, California, United States (USA)	51-200	2014	Private Equity
Ampcontrol	Tomago, New South Wales, Australia	501-1000	1968	Venture Capital
Power Electronics	Aiacor, Valencian Community, Spain	1001-5000	1987	Private
Inmotion	Stockholm, Stockholm, Sweden	201-500	2014	Private
hofer powertrain	Germany	501-1000	1980	Corporate
KOSTAL Group	Neunkirchen, North Rhine-Westphalia, Germany	10001+	1912	Family Owned
Lightyear	Venray, Limburg, Netherlands	51-200	2016	Venture Capital
Litens Automotive Group	Vaughan, Ontario, Canada	1001-5000	1979	Private
Zeronox, Inc.	Porterville, California, United States (USA)	11-50	2017	Venture Capital
BRUSA Elektronik AG	Buchs, St. Gallen, Switzerland	201-500	1985	Private
Gck	Le Bourget-Du-Lac, Auvergne-Rhône-Alpes, France	201-500	2020	Corporate
Fellten	Bristol, England, United Kingdom (UK)	11-50	2018	Private
Ennovation Technology	Warsaw, Masovian Voivodeship, Poland	11-50	2019	Private
SEG Automotive	Stuttgart, Baden-Württemberg, Germany	5001-10000	2018	Private
Emoss	Oosterhout, North Brabant, Netherlands	51-200	2011	Corporate
Turntide Technologies	Alpharetta, Georgia, United States (USA)	201-500	2013	Venture Capital
WiTricity	Watertown, Massachusetts, United States (USA)	51-200	2007	Venture Capital

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