Varroc Engineering Ltd is an India-based company that specializes in the manufacturing and supply of automotive components and subassemblies. It focuses primarily on the automotive segment, providing a range of products including exterior lighting systems, plastic and polymer components, electrical-electronic components, and precision metallic components. Varroc serves various vehicle categories, including passenger cars, commercial vehicles, two-wheelers, three-wheelers, and off-highway vehicles. The company is recognized for its technological expertise and operates globally, with significant revenue generated from Europe and a growing presence in the Asia Pacific region.
CarIQ operates a connected car platform that empowers vehicle owners by providing access to real-time data from their cars' microcomputers. By utilizing a combination of hardware and cloud-based technology, the platform collects critical information, including engine performance, location details, and safety device status. This data is then made accessible to various stakeholders such as auto manufacturers, insurance providers, fleet operators, and service providers, facilitating the delivery of integrated vehicle solutions. Additionally, CarIQ's ecosystem supports infrastructure providers and city planners in leveraging the Internet of Things, enhancing urban mobility and service efficiency. Overall, CarIQ aims to connect car owners with comprehensive services, improving their driving experience and the overall management of vehicles.
Team Concepts
Acquisition in 2018
Team Concepts is a manufacturer of premium automotive accessories for Toyota motor, Renault-NIssan and for the after-market.
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