Horse Powertrain Revenue, Valuation, Funding & Investors

Horse Powertrain is valued at $7.7B as of June 2024, a 1.0x multiple on its last reported $8B revenue.

Last Horse Powertrain valuation

$7.7B

Secondary · Jun 2024

Horse Powertrain revenue

$8B

Secondary · Jun 2024

Key investors in Horse Powertrain

Horse Powertrain Overview

About Horse Powertrain

Horse Powertrain is a global supplier of hybrid and combustion powertrain systems designed for sustainable mobility, targeting the projected 900 million vehicles on roads by 2040. The company engineers engines compatible with alternative fuels like biofuels and hydrogen, operating from facilities in Europe and Asia. Horse Powertrain collaborates with automakers on electrification transitions, producing transmissions and components that reduce emissions in commercial fleets.


Founded

2024

HQ

SpainMadrid

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Subscription

Revenue

$8B (Jun 2024)

Valuation

$7.7B (Jun 2024)

Horse Powertrain Valuation

Horse Powertrain is currently valued at $7.7B, based on its secondary sale in June 2024.

The $770M round was led by Aramco.

Horse Powertrain valuation by funding round

Horse Powertrain valuation by funding round
DateStageValuationRevenue Multiple
Jun 2024Secondary$7.7B1.0x

Horse Powertrain Revenue

Horse Powertrain's latest recorded revenue is $8B, as of its secondary sale in June 2024. At a $7.7B valuation, that implies a 1.0x revenue multiple.

Horse Powertrain revenue by funding round

Horse Powertrain revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2024$8B$7.7B1.0xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Horse Powertrain Funding History

Horse Powertrain has 1 recorded secondary share sale and no primary funding rounds.

Horse Powertrain funding rounds

Horse Powertrain funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2024SecondaryAramco (lead)$770M$7.7BHORSE Powertrain Limited is a London-based global leader in hybrid and combustion powertrain solutions, officially created on May 31, 2024. The company operates two divisions, Aurobay and HORSE, and employs 19,000 people globally across 17 plants and five research and development centers. HORSE was formed as a joint venture between Renault Group and Geely (through Geely Holding and Geely Automobile Holdings), each retaining 45% equity stakes. On June 28, 2024, Saudi Aramco announced the signing of definitive agreements to acquire a 10% equity stake in HORSE Powertrain, with the transaction completed following receipt of all regulatory approvals. The acquisition was based on an enterprise valuation of €7.4 billion. As part of the transaction, Aramco and its affiliate Valvoline Global Operations agreed to collaborate with HORSE Powertrain on innovations in internal combustion engine technology, fuels, and lubricants. The investment supports HORSE Powertrain's vision to become a consolidated powertrain Tier 1 supplier and aims to accelerate the development of next-generation hybrid and combustion powertrains, as well as complementary technologies including alternative fuels and hydrogen solutions. This partnership strengthens both companies' focus on lower-carbon mobility solutions and transport emission reductions.

Who has invested in Horse Powertrain?

1 investor has backed Horse Powertrain across its funding rounds, including Aramco.

Lead investors include Aramco.


Horse Powertrain Investors

Investors in Horse Powertrain by funding rounds participated
InvestorHQRoundsRoleFirst check

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Horse Powertrain Competitors

Horse Powertrain competitors include listed companies like Schaeffler, Shenzhen Kedali Industry, Aptiv and Schaeffler India, and private ones like Essex Furukawa and SEDEMAC.

Public and private companies comparable to Horse Powertrain
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SchaefflerGermanyGermanyPublicly listed$27B$2.4B$7.4B0.5x
Shenzhen Kedali IndustryChinaChinaPublicly listed$2.3B$456M$7.2B2.4x
AptivUnited StatesUnited StatesPublicly listed$20B$2.2B$9.1B0.9x
Schaeffler IndiaIndiaIndiaPublicly listed$996M$189M$6.5B5.7x
Essex FurukawaUnited StatesAtlanta, GAPrivate-$300M$1B-
SEDEMACIndiaPunePrivate$70M-$260M5.8x

Horse Powertrain Public Comps

Horse Powertrain is still privately-owned, but its public comps include Rational, Pirelli, Schaeffler, Konecranes, Shimadzu, Shenzhen Kedali Industry, Yaskawa, Arcosa, Aurubis and Yokohama Rubber.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Rational$1.5B$425M4.9x4.7x16.8x16.3x
Pirelli$7.9B$1.7B1.3x1.3x6.4x5.9x
Schaeffler$27B$2.4B0.5x0.5x5.9x5.1x
Konecranes$4.8B$777M1.7x1.6x10.4x10.2x
Shimadzu$3.6B$646M1.7x1.7x9.7x9.9x
Shenzhen Kedali Industry$2.3B$456M3.0x2.4x14.7x13.0x
Yaskawa$3.5B$445M2.2x2.1x17.2x15.4x
Arcosa$2.9B$567M2.8x3.0x14.4x14.4x

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Common questions about Horse Powertrain

When was Horse Powertrain founded?Horse Powertrain was founded in 2024.
Where is Horse Powertrain headquartered?Horse Powertrain is headquartered in Madrid, Spain.
Is Horse Powertrain publicly listed?No, Horse Powertrain is a private, VC-backed company.
What is Horse Powertrain's valuation?Horse Powertrain was last valued at $7.7B in its secondary sale in June 2024.
Who are Horse Powertrain's investors?Horse Powertrain's investors include Aramco.
What is Horse Powertrain's revenue?Horse Powertrain's latest recorded revenue is $8B (June 2024).
What is Horse Powertrain's revenue multiple?Horse Powertrain's latest valuation implies a 1.0x revenue multiple ($7.7B valuation on $8B of revenue).
Which companies are comparable to Horse Powertrain?Companies comparable to Horse Powertrain include Schaeffler, Shenzhen Kedali Industry, Aptiv, Schaeffler India, Essex Furukawa and SEDEMAC.

See companies similar to Horse Powertrain

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