Duesenberg Technologies Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Hun Beng Lim
- Full Time Employees
- 8
- Sector
- Technology
- Industry
- Software - Application
- Address
- No 21, Denai Endau 3 Penang Malaysia 10470
- IPO Date
- Jun 24, 2013
- CIK
- 0001551887
- Website
- duesenbergtech.com
- Similar Companies
- Business
- Duesenberg Technologies Inc. develops and commercializes advanced technologies focused on new energy vehicles, electric vehicles, and SMART systems integrated with mobile applications. The company offers core products and services including VGrab Applications, a free mobile voucher platform for Android and iOS smartphones enabling voucher redemption at retailers and merchants; electric vehicle platforms under the Duesenberg brand; battery systems; electric machines; hydrogen drive systems; telematics; app systems; and e-payment solutions, alongside redevelopment of heritage Duesenberg vehicles such as Model J and Boat Tail series using electric platforms. It operates in the automotive technology and information technology sectors, targeting luxury electric vehicle markets, e-commerce, and sustainable energy solutions for consumers and businesses. Founded in 2010 and headquartered in Penang, Malaysia, with additional offices in Vancouver, Canada; Reno, Nevada, USA; Hong Kong; Shanghai, P.R. China; and Seoul, South Korea, the company maintains wholly owned subsidiaries including Duesenberg Inc., Duesenberg Heritage LLC, Duesenberg Technologies Malaysia Sdn Bhd, and Duesenberg Technologies Evolution Ltd. Duesenberg Technologies serves global markets with an emphasis on environmental sustainability, aiming for climate neutrality across its value chain in alignment with the Paris Agreement through ecology, innovation, electrification, and mobilization initiatives. In December 2020, the company changed its name from VGrab Communications Inc. to Duesenberg Technologies Inc., shifting strategically toward environmentally friendly technologies and electric vehicle development. It conducted private placement financings in 2021 and 2022, raising approximately $2.74 million to support EV and heritage vehicle projects, and entered debt settlement agreements including share issuances in 2022 and 2023. In March 2023, Duesenberg acquired a license under the Duesenberg brand and sublicensed manufacturing, sales, servicing, and merchandising rights to Duesenberg Korea Inc., expanding its operational footprint in South Korea.
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VGrab Communications Inc. Changes Its Name to "Duesenberg Technologies Inc."