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Adastec

East Lansing, MI · Founded 2018 · Privately Held (backing)

Developer of an automated transportation platform intended to offer full-speed electric public transit buses. Adastec is based in East Lansing, MI and was founded in 2018. Its last reported valuation was $100 million in Oct 2023. It has raised $12.9 million across 1 recorded round; the latest was a $2.8 million seed round in Jul 2025.

Last reported valuation
$100.0M
Oct 2026
Priced at
—
Total raised
$12.9M
Last round
Seed Round
Jul 2025

Adastec key facts

as of Oct 2026
  • Developer of an automated transportation platform intended to offer full-speed electric public transit buses.
  • Adastec is valued at approximately $100.0M as of Oct 2026 (last reported valuation).
  • It has raised $12.9M across 1 recorded rounds; the latest was Seed Round ($2.8M) in Jul 2025.
  • Notable investors include Plug and Play Tech Center, Keiretsu Forum, Michigan Rise, APY Ventures, Turkey Development Fund — 12 tracked in total.
  • Adastec has filed 2 Form Ds with the SEC since 2022, most recently Jul 2025 ($2.8M sold to 2 investors).
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$100.0M

Adastec's last reported valuation, Oct 2023. Nothing priced has surfaced since.

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Adastec funding rounds

1 rounds
Jul 2025Seed Round$2.8MSEC filing▮
Full funding history →

Adastec valuation

Adastec's last reported valuation was $100 million in Oct 2023. No priced round, secondary trade or fund mark has surfaced since.

How much has Adastec raised?

Adastec has raised $12.9 million in total; 1 of its rounds is on record. The largest on record was a $2.8 million seed round in Jul 2025.

Adastec has filed 2 Form Ds with the SEC since 2022, most recently in Jul 2025 ($2.8 million sold to 2 investors).

Adastec investors

12 investors are on record for Adastec, including Plug and Play Tech Center, Keiretsu Forum, Michigan Rise and APY Ventures. The seed round in Jul 2025 drew 2 investors.

About Adastec

Developer of an automated transportation platform intended to offer full-speed electric public transit buses. The company's platform deploys full electric, sensor-based automated buses and an open mobility platform along with proprietary cloud, derive and apps, enabling OEMs to develop modern, automated, shared, and connected commercial vehicles.

Sector
Information Technology
HQ
East Lansing, MI, United States
Founded
2018
Employees
89
Ownership
Privately Held (backing)

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