What Versa Design does

Versa Design S.L. is a Spanish electronic design and manufacturing services (EMS) company founded in 2008, headquartered in Massalfassar, Valencia, with a secondary office in Sabadell, Barcelona. The company provides end-to-end electronic product lifecycle services — consulting, industrial design, hardware design (power electronics and digital systems), firmware development (RTOS, SIL/MISRA-compliant), PCB design and SMD assembly, and product homologation — to industrial and consumer electronics clients. It holds ISO 9001:2015, ISO 14001:2015, CE, and FCC certifications, supporting deployments in industrial, consumer, and electromedical applications.

Beyond contract EMS, Versa Design operates three proprietary brands addressing distinct end markets: Woltio (electric-vehicle charging points for indoor and outdoor environments), ZYCLE (direct-drive smart indoor cycling trainers integrated with third-party training platforms), and VTRACK (long-lifespan GPS beacons for industrial asset tracking with claimed 10+ year battery life and global coverage). Each brand has its own direct-to-consumer e-commerce storefront, while custom engineering work is sold direct to enterprise clients via the corporate website.

Versa Design funds a significant portion of its R&D through public-sector grants, with cumulative co-financing from CDTI/FEDER and Generalitat Valenciana exceeding €1.5 million across IoT tracking (2019-2020), direct-drive cycling trainers (2020-2023), cycling production-line capex (2020-2021), and a battery-powered autonomous pool cleaning robot (2024-2026). In 2025 it was recognized by the Financial Times as one of Europe's Long Term Growth Champions, positioned as the only Spanish firm in the top 3 of the European Electrical Manufacturing industry ranking. The firm is privately held as a Sociedad Limitada with no disclosed external equity investors, and reports 11-50 employees.

Name

Versa Design

Legal name

Versa Design S.L.

Website

https://versades.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Versa Design S.L. is a Spanish electronic design and manufacturing firm offering end-to-end EMS services plus three proprietary brands: Woltio EV chargers, ZYCLE indoor cycling trainers, and VTRACK industrial GPS beacons.

Ownership category

akta.pro rank

Product category

Electronic Design and Manufacturing Services

NAICS

Industrial Design Services (541420), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Electronic Components & Accessories (3670), Sporting & Athletic Goods, Nec (3949), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Fitness Wearables & Training Tech Retail (Heart-Rate Monitors, GPS Watches, Sensors) (CRAMADAH)

Keywords

• Electronic design services
• IoT device manufacturing
• PCB assembly services
• Firmware development
• Hardware engineering

Headquarters

HQ city

Sabadell

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom Electronic Manufacturing Services: End-to-end electronic product design and manufacturing services for industrial and consumer applications. Covers consulting, hardware design, firmware development, PCB manufacturing, assembly, and testing.
2. Own Brand Products - Woltio: Electric vehicle charging points sold under the Woltio brand through woltio.com and likely through distribution channels.
3. Own Brand Products - ZYCLE: Indoor cycling and fitness training products sold under the ZYCLE brand through zycle.eu, targeting fitness enthusiasts and athletes.
4. Own Brand Products - VTRACK: GPS beacon products for industrial asset tracking sold under the VTRACK brand through vtrack.es.
5. Technology Consulting: Electronic engineering consulting services including customer needs analysis, electronic design evaluation, and technical/economic feasibility studies.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Versa Design provides end-to-end custom electronic product design and manufacturing services—including hardware design, firmware development, PCB design and SMD assembly—targeted at industrial and consumer electronics companies, particularly IoT and mobile phone applications. Alongside these services, the company sells three proprietary product brands: Woltio (electric vehicle charging points), ZYCLE (indoor cycling and fitness trainers) and VTRACK (GPS asset tracking beacons). The company also offers electronic engineering consulting, industrial design, and homologation support with CE and FCC certifications.

Product overview

Versa Design is an electronic design and manufacturing company offering both proprietary products and custom electronic solutions. Their product portfolio includes three core consumer/industrial brands: Woltio (electric vehicle charging points), ZYCLE (indoor cycling and fitness training equipment), and VTRACK (GPS-based industrial asset tracking devices). Beyond their own products, they provide comprehensive electronic engineering services including consulting, industrial design, hardware design, firmware development, and PCB manufacturing/assembly. The company operates from Valencia and Sabadell, Spain, and has been recognized by Financial Times as one of Europe's fastest growing companies in the electrical manufacturing sector.

Differentiator

Problem solved

Functional benefit

Brands

• ZYCLE: Brand of technological products for athletes. Manufactures and develops pioneering indoor training products for cycling and fitness enthusiasts, creating intelligent products enabling athletes to perform cycling and fitness training at home through training platforms.
• Woltio
• VTRACK

Products and services

• Woltio EV Chargers Electric vehicle charging point brand equipped with the latest market technology, compatible with all EV manufacturers, featuring advanced protections and communication systems designed for both indoor and harsh outdoor environments. Sold to residential EV owners and businesses installing EV charging infrastructure.
• ZYCLE Indoor Cycling Trainers Brand of technological products for athletes and fitness enthusiasts that manufactures and develops pioneering indoor training equipment for cycling and fitness, including direct-drive smart trainers that connect to major training platforms. Targeted at individual cyclists, triathletes and home fitness users.
• VTRACK GPS Asset Tracking Beacons GPS beacon products for industrial asset traceability management with a device lifespan of over 10 years and global coverage. Sold to industrial firms, logistics providers and equipment managers needing long-life tracking of remote and mobile assets.
• Custom Electronic Design and Manufacturing Services End-to-end electronic engineering services including consulting (needs analysis, design review, technical and economic feasibility studies), industrial design (parts selection, mixed mechanical/electronic design, mechatronics, process optimization), hardware design (power electronics, digital systems, schematic capture, PCB documentation), firmware development (RTOS/generic OS, drivers, SIL and MISRA compliant, functional validation), PCB manufacturing and SMD assembly. Targeted at industrial and consumer electronics companies needing comprehensive support across the entire electronic product lifecycle.

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Garmin (Tacx): Global navigation and wearables leader that owns Tacx, a major indoor cycling trainer brand. Overlaps with Versa Design's ZYCLE in smart trainers and with VTRACK in GPS/location technology, but at much greater scale and with broader consumer reach.

Direct peers

• Scanfil: Finnish-listed EMS company with a strong European footprint offering design, manufacturing, and supply-chain services. Closely comparable to Versa Design's contract electronics services business, including capabilities in IoT and connected devices.
• NOTE AB: Swedish Electronics Manufacturing Services provider serving industrial and medical customers across Northern Europe. Highly comparable to Versa Design's B2B design-and-manufacturing services business in scale, geography, and customer verticals.
• Wallbox: Public EV charger manufacturer headquartered in Spain. Directly competes with Versa Design's Woltio brand in the EV charging point market, with similar product categories (home chargers) and overlapping European customer base.
• Eurotech: Italian-listed embedded computing and industrial IoT solutions provider. Comparable to Versa Design's IoT device engineering and edge-computing services, with overlapping industrial customer verticals in Europe.
• Wahoo Fitness: US-headquartered maker of KICKR smart indoor cycling trainers and cycling computers. Direct competitor to Versa Design's ZYCLE brand in connected indoor training equipment, with comparable direct-drive technology and software integration.
• Sierra Wireless (Semtech): Provider of IoT connectivity modules and asset/fleet tracking solutions, now part of Semtech. Comparable to Versa Design's VTRACK GPS beacons and IoT device business on the industrial asset-tracking side.
• CalAmp (now定位 by Digital Communications): Provider of telematics and asset-tracking hardware/software for industrial and fleet customers. Directly comparable to Versa Design's VTRACK industrial GPS beacon offering in target market and use case.

Others

• ALSO Group: European IT and electronics distribution platform. Adjacent rather than directly competitive — comparable in operating from Europe and serving the electronics/IoT value chain, but focused on distribution rather than design-and-manufacturing services.
• Premier Farnell / element14: Global distributor of electronic components, development boards, and semiconductors. Not a competitor but an adjacent ecosystem player that supplies the same IoT/electronics design community that Versa Design serves.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/versa-design-s-l-

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Versa Design