Forza X1 Competitors and Similar CompaniesClear all

Forza X1's competitors and similar companies include U Power, Arc Boat, Olectra Greentech and Kempower.

	Forza X1 Forza X1 is a company that develops and manufactures electric boats.	U Power U Power (also known as Upincar and UNEX) is a company that provides vehicle-sourcing services.	Arc Boat Arc is a company that develops and manufactures electric boats.	Olectra Greentech Olectra Greentech is a company that manufactures automobiles.	Kempower Kempower is a company that manufactures electric vehicle (EV) fast charging equipment.
Founding Date	Founding Date 2021	Founding Date 2013	Founding Date 2021	Founding Date 1992	Founding Date 2018
Type	Type Public	Type Public	Type Private	Type Public	Type Private
Tags	Tags Manufacturing & Industrial electric vehicles	Tags Manufacturing & Industrial electric vehicles	Tags Manufacturing & Industrial batteries electric vehicles marine	Tags Manufacturing & Industrial electric vehicles	Tags Manufacturing & Industrial electric vehicles
Locations	Locations Fort Pierce, US HQ	Locations HQ	Locations San Francisco, US HQ	Locations Hyderabad, IN HQ	Locations Lahti, FI HQ
Employees	Employees 5	Employees 12114% decrease	Employees 100	Employees 44127% increase	Employees 6441% increase
Valuation ($)	Valuation ($) 3.6 m	Valuation ($) 26.3 m	Valuation ($) N/A	Valuation ($) N/A	Valuation ($) N/A
Financial
Revenue (est.)	Revenue (est.) $37.1k (FY, 2023)	Revenue (est.) ¥44.3m (FY, 2024)	Revenue (est.) N/A	Revenue (est.) ₹23.1b (FY, 2026)	Revenue (est.) N/A
Cost of goods	Cost of goods $123.9k (FY, 2023)	Cost of goods ¥30.9m (FY, 2024)	Cost of goods N/A	Cost of goods ₹17.5b (FY, 2026)	Cost of goods N/A
Gross profit	Gross profit ($120.5k) (FY, 2023)	Gross profit ¥13.4m (FY, 2024)	Gross profit N/A	Gross profit ₹5.7b (FY, 2026)	Gross profit N/A
Net income	Net income ($5.9m) (FY, 2023)	Net income (¥56.4m) (FY, 2024)	Net income N/A	Net income ₹1.8b (FY, 2026)	Net income N/A