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
How much has Adastec raised?
$12.9Macross 1 recorded rounds · Jul 2025 – Jul 2025

Most recently, Adastec raised $2.8M in its Seed Round (Jul 2025).

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Adastec round by round

1 rounds
Jul 2025Seed Round$2.8MSEC filing▮
2 investors participated

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.

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12 investors have backed Adastec.

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Frequently asked about Adastec

How much has Adastec raised?
Adastec has raised $12.9M in total across 1 recorded funding rounds.
When was Adastec's last funding round?
Adastec's most recent recorded round was Seed Round in Jul 2025, raising $2.8M.