# Nordic Power Converters

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nordic-power-converters

- Industry: Electronics
- Headquarters: Denmark
- Website: www.nordicpowerconverters.com
- Total disclosed funding: $2M
- Latest round: Seed (Sep 25, 2015)
- Investors on record: 1

## About

Nordic Power Converters focuses on delivering advanced power conversion solutions that enhance energy efficiency across various industries, including renewable energy, electric vehicles, and industrial automation.Established in 2014, Nordic Power Converters operates from its headquarters in Denmark, specializing in high-efficiency power conversion products. The company was co-founded by Mickey Madsen and Toke Andersen. In September 2015, Nordic Power Converters raised USD 2 mn in Seed funding from Seed Capital, which facilitated its further growth initiatives. The company has completed a total of 1 deal as reported.Nordic Power Converters specializes in providing advanced power conversion solutions designed for various applications across multiple industries. Their core offerings include high-efficiency power converters that optimize energy use in commercial and industrial settings. These products convert input power into a desired output, enhancing energy efficiency and reducing costs for end-users. They are primarily utilized in renewable energy systems, electric vehicle charging stations, and industrial automation processes, catering to a diverse clientele that includes energy providers, manufacturing firms, and technology companies across Europe, North America, and Asia.The company generates revenue through direct sales of its power conversion products and related services, primarily on a B2B basis, where clients purchase converters for system integration. Pricing varies based on specifications and capabilities, with arrangements for bulk purchases or long-term contracts available. Nordic Power Converters may also collaborate with distributors or wholesalers to extend market reach, providing tailored solutions to meet specific industry demands. As of 2022, the company reported an EBITDA of USD -1,632,462.50.Nordic Power Converters is focused on expanding its product offerings and entering new markets. The recent Seed funding of USD 2 mn raised in September 2015 is expected to support the development of new advanced power converters. The company aims to penetrate additional markets in Europe and North America by 2025, enhancing its product range and establishing strategic partnerships to bolster its market presence.

## Funding rounds

- Seed, Sep 25, 2015, $2M — SEED Capital

## Investors

- SEED Capital (https://capitalatlas.ai/funds/seed-capital) — Seed