IFE Elevators

Name

IFE Elevators

Legal name

快意电梯股份有限公司

Website

https://ifelift.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Elevator and Escalator Manufacturing

NAICS

Elevator and Moving Stairway Manufacturing (333921)

SIC

Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Elevator, Escalator & Lift Maintenance (IMAIABAF)

akta.pro secondary industries

Elevator Modernization & Retrofit (Controllers, Drives, Door Systems) (BPABAIAE), Traction/Machine-Room-Less (MRL) Elevator Service & Maintenance (BPABAIAL), Elevator Remote Monitoring & Predictive Maintenance (IoT/Connected Elevators) (BPABAIAH)

Keywords

• Elevator manufacturing
• Escalator systems
• Vertical transportation equipment
• Freight elevator solutions
• Elevator modernization services

Headquarters

HQ city

Dongguang

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. New Elevator Unit Sales: Primary revenue stream from manufacturing and selling new elevators including passenger elevators, villa/home elevators, high-speed elevators, freight elevators, medical elevators, observation elevators, automobile elevators, and escalators/moving walkways. The company has three production bases with annual capacity of 47,000 units.
2. Maintenance and Repair Services: Aftermarket revenue from ongoing maintenance, repair, and servicing of installed elevators. The company provides 24/7 support through 50 subsidiary companies with over 2,000 administrative service network coverage points.
3. Elevator Modernization and Upgrading: Upgrade and modernization services for existing aging elevators, including safety upgrades, energy efficiency improvements, intelligent system additions, and aesthetic renovations. The company offers modular update solutions that minimize disruption during installation.
4. Full Lifecycle托管服务: Comprehensive elevator lifecycle management and trusteeship services covering the entire lifespan of elevator operation, providing ongoing value and recurring revenue.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

IFE Elevators designs, manufactures, sells, installs, and services a full portfolio of elevators, escalators, and moving walkways across passenger, villa, high-speed, observation, medical, freight, and automobile categories, supported by proprietary PMSM motors, IoT monitoring, and patented safety technologies. The company complements new equipment sales with full-lifecycle maintenance, modernization/retrofit services, and trusteeship contracts delivered through 50 subsidiary companies and a 2,000+ service network.

Product overview

IFE Elevators (快意电梯股份有限公司) is a large-scale professional elevator enterprise integrating R&D, design, production, installation, and after-sales service. The company operates a multi-category elevator portfolio spanning: (1) Passenger elevators — JOYMORE-7A/7B, JOYMORE-7 (machine-roomless), METIS-6S, METIS-CR1; (2) Home/villa elevators — VILLUX; (3) High-speed and firefighting elevators — METIS-HS; (4) Elevator modernization solutions — MODERNIZATION; (5) Observation elevators — BUILDINGEYE-JO, BUILDINGEYE-ME; (6) Medical elevators — VAMB-JO, VAMB-ME; (7) Freight elevators — ATLAS-WT3/WT5, ATLAS-T3/T8/T12; (8) Automobile elevators — FPA-T8, FPA-WT5; (9) Escalators and moving walkways — GRACES-LD, GRACES-HD, GRACES-Ⅲ, GRACES-ID, T2 Moving Walkway; and (10) Lifecycle management services. The portfolio covers residential, commercial, industrial, medical, transit, and government application segments across global markets.

Differentiator

Problem solved

Functional benefit

Brands

• 快意美好加梯社区服务中心: 专业加装电梯品牌，专注于老旧小区加装电梯解决方案

Products and services

• JOYMORE-7A/7B Passenger Elevator Mid-to-high-end customizable machine-roomless passenger elevator for residential, hotel, and office buildings with modular non-scaffolding rapid installation, magnetic-induction speed changes, and host vibration reduction.
• JOYMORE-7 Passenger Elevator Machine-roomless passenger elevator for residential, hotel, and office buildings with high shaft utilization, shallow pit depth, and compact top height; emphasizes safety, comfort, and energy savings.
• METIS-6S Passenger Elevator Small machine-room passenger elevator inheriting the METIS-6 safety concept, designed to meet personalized customization needs in residential and commercial markets.
• METIS-CR1 Passenger Elevator Small machine-room passenger elevator for residential, office, and hotel markets, emphasizing safety, comfort, energy efficiency, efficient service, and high configuration.
• VILLUX Home/Villa Elevator Home villa elevator applying frontier aesthetics to break stereotypes of industrial products, treating each elevator as a work of art integrated into the home environment.
• METIS-HS High-Speed Elevator Dual-use passenger and firefighting high-speed elevator for residential super high-rise buildings, set within a fire-resistant enclosed structure with anteroom and backup power.
• MODERNIZATION Elevator Retrofit Solution Modular old elevator renovation and upgrade solution encompassing both direct-rise and escalator truss retention methods, covering performance, safety, energy efficiency, intelligence, and riding experience upgrades.
• BUILDINGEYE-JO Observation Elevator Machine-roomless observation elevator for shopping malls, hotels, and scenic areas, with maximum personalized design under optimal safety, comfort, and energy-efficiency configuration.
• BUILDINGEYE-ME Observation Elevator Small machine-room observation elevator for shopping malls, hotels, and scenic areas, emphasizing safety, comfort, and energy efficiency with maximum personalized design.
• VAMB-JO Medical Elevator Machine-roomless medical elevator for hospitals, nursing homes, and rehabilitation centers, with space-saving advantages and emphasis on safety, comfort, and energy efficiency.
• VAMB-ME Medical Elevator Small machine-room medical elevator for hospitals, nursing homes, and rehabilitation centers, emphasizing safety, comfort, and energy efficiency.
• ATLAS-WT3/WT5 Freight Elevator Machine-roomless freight elevator with permanent magnet synchronous gearless host, variable frequency speed regulation, and variable frequency door system for factories, warehouses, and logistics.
• ATLAS-T3/T8/T12 Freight Elevator Small machine-room freight elevator with permanent magnet synchronous gearless host, variable frequency speed regulation, and variable frequency door system for industrial and logistics environments.
• FPA-T8 Automobile Elevator Automobile elevator with high performance, reliability, and energy savings, capable of integrating with intelligent parking equipment for automatic parking and retrieval.
• FPA-WT5 Automobile Elevator Automobile elevator with high performance, reliability, operating efficiency, and energy savings.
• GRACES-LD Public Transport Escalator Public-transport-type escalator for airports and stations with high passenger flow, featuring glass or brushed stainless steel handrails and high reliability.
• GRACES-HD Heavy-Duty Escalator Heavy-duty escalator suitable for airports and metro stations with high passenger flow; features safety, efficiency, and high reliability.
• GRACES-III Outdoor Escalator Outdoor-type escalator developed from the GRACES indoor series, with aesthetics, compact structure, safety, and reliability.
• GRACES-ID Indoor Escalator Indoor-type escalator developed after the FPM series, featuring aesthetics, compact structure, safety, and reliability.
• T2 Moving Walkway Indoor moving walkway (travelator) for airports, shopping centers, and transit hubs, with aesthetics, compact structure, safety, and reliability.
• Full-Lifecycle Elevator Trusteeship Service (电梯全生命周期托管服务) Comprehensive elevator lifecycle management and trusteeship service covering up to 15 years, providing full maintenance, remote monitoring, and operational support throughout the elevator's lifespan.

Quantifiable outcome

• 45% energy savings achieved with permanent magnet synchronous traction machines and energy feedback systems
• +4 more outcomes

Named customers23 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Partnerships

Eleven partnerships are on record, tiered core, major and minor.

• Wanyang Group (万洋集团)coreStrategic or Co-development PartnerStrategic partnership established September 2019 covering industrial park elevator projects. Initial agreement for 251 elevators for multiple industrial park projects. Subsequent collaboration totaled approximately 2,000 elevators across Wanyang industrial park developments throughout China.
• Country Garden Holdings (碧桂园控股)coreStrategic or Co-development PartnerStrategic cooperation agreement signed in 2017 with Country Garden Holdings Guanshen Area for comprehensive construction and development projects.
• China Construction Fourth Engineering Division Corp. Ltd (中建四局)coreStrategic or Co-development PartnerStrategic cooperation agreement signed in 2017 with China Construction Fourth Engineering Division Corp. Ltd for construction and development projects.
• DAMAC Properties (达马克地产)majorStrategic or Co-development PartnerStrategic cooperation agreement signed in 2018 with Dubai DAMAC Properties for luxury real estate projects internationally, including the Maldives Mandarin Oriental Hotel project. Collaboration involves elevator supply for high-end hospitality and residential projects.
• Itsi Singapore Holdings Pte Ltd (其士新加坡控股私人有限公司)majorStrategic or Co-development PartnerLong-standing international partnership for Singapore market. Itsi Singapore serves as a key partner representing IFE Elevators in Singapore, supporting the ongoing HDB projects and other Singapore developments. Their leadership praised IFE's professional quality, innovative technology, and reliable service at the Qinghuang production base launch ceremony in December 2025.
• Hblers (哈尔斯)majorStrategic or Co-development PartnerPartnership established in 2025 for Thailand manufacturing base elevator solutions. IFE provides ATLAS industrial freight elevators and JOYMORE passenger elevators for efficient material and personnel transport in the factory's multi-story production facility.
• Shenzhen Special Equipment Safety Inspection Institute (深圳市特种设备安全检验研究院)majorStrategic or Co-development PartnerStrategic cooperation signed in 2025 covering elevator safety, technical innovation, and industry standard advancement. Both parties will conduct in-depth collaboration on safety technology and industry upgrading standards.
• Suzhou Inovance Technology (苏州汇川技术有限公司)majorTechnology or IntegrationSupplier partnership with Suzhou Inovance Technology, a leading industrial automation and motion control company. Inovance Chairman Zhu Xingming attended the Qinghuang production base launch ceremony and spoke at the event, highlighting IFE's internationalization and brand marketing achievements.
• Zhuhai EMBRAKE Electric Co., Ltd (珠海英搏尔电气股份有限公司)minorStrategic or Co-development PartnerStrategic collaboration signed in 2025 for joint construction of Zhuhai EMBRAKE new energy vehicle power assembly intelligent factory project. Collaboration in technology R&D and application scenarios for industrial vertical transportation.
• Zhongshan Inovance (英威腾集团)minorStrategic or Co-development PartnerStrategic partnership established in 2025 for joint construction of a new energy intelligent manufacturing base in Zhongshan. Cross-industry collaboration leveraging intelligent technology integration to promote regional advanced manufacturing ecosystem.
• Electronic Science and Technology University (电子科技大学)minorStrategic or Co-development PartnerIndustry-academia-research cooperation partnership with Electronic Science and Technology University. Collaboration integrates industry, academic, and research resources to enhance technology R&D capabilities and product competitiveness, while attracting outstanding university talent.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Schindler Group: Swiss global elevator and escalator major with strong presence in transit infrastructure and high-rise; directly comparable to IFE on product portfolio (including high-speed) and transit/metro segment wins, while operating a more service- and digitization-led business model that IFE aspires to emulate.
• KONE Corporation: Finnish elevator and escalator major with class-leading service and digital platform (KONE 24/7, KONE Care); directly comparable to IFE across passenger, freight, escalator, and modernization, with a benchmark service-led business model that highlights IFE's under-monetized installed base.
• Otis Worldwide Corporation: The world's largest elevator and escalator manufacturer and dominant after-market service franchise; directly comparable to IFE in product scope (passenger, freight, escalator) and target segments, but with vastly larger scale, deeper global service network, and stronger brand premium that IFE benchmarks against.
• Hitachi, Ltd. (Building Systems): Japanese elevator manufacturer with strong Asian and global presence including ultra-high-speed elevators and transit infrastructure projects; directly comparable to IFE on product family, Asian transit wins, and modernization/retrofit offerings.
• ThyssenKrupp Elevator (TK Elevator): Major global elevator and escalator manufacturer with strong high-speed and service business; directly comparable product portfolio to IFE (including ultra-high-speed and freight elevators) and competes in transit and high-rise on similar reference projects.
• Mitsubishi Electric Corporation (Elevator / Escalator Division): Japanese elevator and escalator manufacturer known for ultra-high-speed and premium technology; comparable to IFE in product coverage (passenger, freight, escalator, modernization) and high-speed elevator benchmarks where IFE's 10m/s product directly competes.

Direct peers

• Hyundai Elevator Co., Ltd. Korean elevator and escalator maker with comparable product breadth (passenger, freight, high-speed, escalator, modernization) and similar international expansion ambitions from an Asian base; directly competes with IFE in mid-tier and premium Asian infrastructure tenders.
• Ningbo Bonlift (Boni Elevator): Chinese elevator manufacturer specializing in home/villa, passenger, and freight elevators with growing international presence; competes directly with IFE in the Chinese mid-market and on emerging-market residential and commercial projects.
• Canny Elevator Co., Ltd. Chinese elevator manufacturer of similar scale and product mix (passenger, freight, escalator, home elevators); directly competes with IFE in Chinese mid-market and on overseas projects, and is one of the closest head-to-head Chinese domestic peers.
• SJEC Corporation (Suzhou) / Sanyo Electric Elevator: Competitive Chinese elevator manufacturer with overlapping product lines (passenger, freight, escalator, home elevator) and similar geographic footprint; competes directly with IFE on price, government procurement awards, and overseas tenders.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ife-elevators-co-ltd

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IFE Elevators