FältCom
Connects the world through the Internet of Things.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (25 %) | 11 % | - | 6 % | (4 %) | (3 %) | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | - | (25 %) | 12 % | (15 %) | - | 5 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Founded in 1998 in Umeå, Sweden, FältCom has established itself as a significant player in the Internet of Things (IoT) sector, specializing in connecting vehicles, buildings, and machinery. The company provides a platform that allows clients to remotely monitor, control, and analyze data from their connected assets in real-time. This capability is designed to reduce operational costs, improve efficiency, and enable new functionalities for its customers.
FältCom's business model is centered on providing robust and secure IoT solutions for vertically specialized markets. The company's core product is the MIIPS (Mobile Internet-Intelligent Platform Services) gateway, a communication unit for onboard installation in vehicles. This platform enables a wide range of applications, including real-time passenger information, eco-driving assistance, internet on board, passenger counting, remote tachograph data downloads, and driver alarms. The company serves a diverse client base, from public transport authorities to automotive manufacturers. Key customers have included the New York City Department of Transportation (NYC DOT), Volvo, and Nobina.
The company's technology is utilized in a variety of applications, such as in thousands of buses across Scandinavia, all of Sweden's speed cameras and weather stations, and for emergency communication in elevators. A notable project involved a contract with the NYC DOT to improve the dissemination of real-time traffic information at bus stops and to upgrade traffic lights for better traffic flow. By 2017, Fältcom had more than 160,000 installed devices, with 40,000 of them online. In February 2017, FältCom was acquired by the Swedish telecommunications company Telia Company. The acquisition, led by CEO Mikael Långström, was intended to accelerate FältCom's global growth and expand Telia's presence in the smart cities and smart public transport markets.
Keywords: IoT platform, connected vehicles, smart public transport, asset monitoring, M2M communication, MIIPS gateway, smart city solutions, remote device management, real-time data analysis, fleet management, public transport technology, V2X communication, connected buildings, industrial IoT, Telia, remote diagnostics, passenger information systems, smart mobility, traffic management, telematics