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
What is Adastec worth?
$100.0Mlast reported valuation · Oct 2026

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

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Adastec funding history

1 rounds
DateRoundRaisedPost-money
Jul 2025Seed Round$2.8M▮
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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).

How Adastec's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Adastec, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by last reported valuation. Question about this number? Full methodology →

Frequently asked about Adastec

What is Adastec worth?
Adastec is valued at $100.0M as of Oct 2026. Adastec's last reported valuation, Oct 2023. Nothing priced has surfaced since.
How much has Adastec raised?
Adastec has raised $12.9M in total funding across 1 recorded rounds.
When did Adastec last raise?
Adastec last raised in Jul 2025 (Seed Round), raising $2.8M.