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Avid Technology Group
Leader in the design and manufacturing of smart electrified ancillary and advanced thermal management systems
About Avid Technology Group
AVID Technology is a leading designer and manufacturer of electrified powertrain components and systems for heavy-duty and high-performance electric (EV) and hybrid vehicles (HEV). The company specializes in the design, validation, and production of high-performance electric motors, power electronics, and thermofluids integration. AVID's product portfolio includes electric pumps and fans, battery systems, traction motors, and power converters, all engineered to enhance the efficiency and performance of electric and hybrid vehicles.
AVID serves a diverse range of clients, including automotive manufacturers, industrial robotics companies, and aerospace firms. Operating in the rapidly growing market for electric and hybrid vehicles, AVID leverages its engineering expertise to deliver cutting-edge solutions that meet the stringent demands of its clients.
The business model is centered around the development and sale of advanced electrified powertrain components. Revenue is generated through direct sales of these components to manufacturers and through long-term supply agreements. AVID also invests in research and development to continuously innovate and stay ahead in the competitive market.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2004
- Headquarters
- Cramlington, United Kingdom
- Employees
- 20
- Open positions
- None listed
- Dealroom signal
- 57.0/100
- Sub-industry
- Energy Efficiency, Energy Storage, Vehicle Production
- Sector
- Transportation, Automotive, Consumer Electronics, Sustainable Development Goals, Battery Management System, EV Battery, Climate Tech, Electric Mobility, Hard Tech, FBC Funded
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jun 2021 | $0 | — | Turntide Technologies | — |
| EARLY VC✓Equity / VC | Mar 2019 | $9.2M | $37M | Maven Capital Partners | ↗ |
Growth signals
Latest recorded traffic for Avid Technology Group is 90 monthly website visits, down 98% over the last three months. Avid Technology Group's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
UK Research and Innovation
Series A4 investors entered at this stage
NVM private equity- NFNorth East Technology Fund
Downing Ventures
Maven Capital Partners
Other known investors2 additional known investors
Turntide Technologies
Downing
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Avid Technology Group on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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