Greenland Technologies
A leading developer and manufacturer of electric industrial vehicles and power systems for material handling equipment.
Launch date
Employees
Market cap
CAD52.3m
Enterprise valuation
CAD67m (Public information from Sep 2024)
Share price
$2.42 GTEC
Sayreville New Jersey (HQ)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 66.9m | 98.8m | 90.8m | 90.3m | 104m | 137m | - |
| % growth | 28 % | 48 % | (8 %) | (1 %) | 15 % | 32 % | - |
| EBITDA | 10.1m | 12.2m | 10.2m | (19.4m) | 12.5m | - | - |
| % EBITDA margin | 15 % | 12 % | 11 % | (22 %) | 12 % | - | - |
| Profit | 6.8m | 6.3m | 3.6m | (15.9m) | 3.7m | 4.1m | - |
| % profit margin | 10 % | 6 % | 4 % | (18 %) | 4 % | 3 % | - |
| EV / revenue | 1.1x | 0.7x | 0.3x | 0.4x | 0.3x | 0.2x | - |
| EV / EBITDA | 7.3x | 6.0x | 2.7x | -1.9x | 2.2x | - | - |
| R&D budget | 2.4m | 5.5m | 5.8m | 5.4m | - | - | - |
| R&D % of revenue | 4 % | 6 % | 6 % | 6 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | IPO | |
* | N/A | $1.7m | Post IPO Equity |
* | N/A | $2.8m | Private Placement VC |
| Total Funding | CAD3.8m | ||
