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

Who backs Adastec?

12 investors
InvestorType
Plug and Play Tech Center—
Keiretsu ForumOther
Michigan RiseVenture capital
APY VenturesVenture capital
Turkey Development FundVenture capital
Michigan Economic DevelopmentOther
Hüseyin Karayağız—
National Park Service (USA)—
Ozlem Hun—
Red Cedar Ventures—
+ 2 more investors · a free account shows the complete list
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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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