The Switch
The Switch is an electric machine manufacturer specializing in custom electric machines and power electronics. They serve system integrators and OEMs in the marine, renewables, and industrial sectors, providing innovative solutions to help achieve net zero emissions. The company focuses on delivering high-quality products that enhance energy efficiency and reduce operational costs.
Headcount
Website visitors
Workforce
Headcount by location
- Finland80%
- Norway14%
- China6.3%
Split by department
- Engineering & R&D40%
- Operations24%
- Finance & Administration8.2%
- Sales8.2%
- Other19%
Seniority distribution
- 5 to 10 years37%
- Less than 5 years32%
- 10 to 20 years26%
- 20 to 30 years4.3%
- 30 years and more0.9%
Funding
- 18 May 2026Carve-Out AcquisitionUndisclosed—
- 21 Feb 2024Series OtherUndisclosed—
4 earlier rounds, with their terms and sources.
Investors
Mitsui & Co., Ltd.Mitsui & Co., Ltd. is a global trading and investment firm headquartered in Tokyo, Japan. It offers trading, investment, asset management, project development, logistics, and digital transformation services across sectors such as energy, mining522Japan
Intera PartnersIntera Partners is a private equity firm that specializes in investing in Finnish and Swedish companies, focusing on growth and internationalization. They provide capital and strategic support to businesses in the service and technology sectors51Finland
VNT ManagementVNT Management is a venture capital firm specializing in investment management focused on sustainable and transformative technologies. The company partners with climate-focused startups, providing them with capital and operational support to scale11Finland
AmscAmerican Superconductor Corporation is an energy technology company specializing in superconductors and advanced power systems. They provide innovative solutions for utilities and project developers to enhance grid reliability and integrate7United States
Revenue
EBITDA
Revenue source: Private reported FY2025 (Finnish Patent and Registration Office)
Recent news
- Building on 20 years - Ready for what comes next.partners with
- The Switch wins New Propulsion Technology of the Year at Amsterdam's Advanced Maritime Technology International Awards 2026.receives award
- From power generation to propulsion: expanding the role of permanent magnet technology.launches
- The Switch launches compact PMM850M permanent magnet machine with water-jacket cooling for marine.launches
Financials
Years of filed statements — balance sheet, profit and loss, ratios and the source documents
Ownership
Shareholders, officers and ultimate beneficial owners, with the stakes each one holds
People
How the team has changed month by month — joiners, leavers and where the hiring is going
Connections
Who at your firm already knows someone here, and how warm the path is
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