KTH Formula Student

Name

KTH Formula Student

Legal name

KTH Formula Student

Website

https://kthformulastudent.se

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Formula Student Race Cars

NAICS

Other Technical and Trade Schools (611519)

SIC

Services-Racing, Including Track Operation (7948), Sporting & Athletic Goods, Nec (3949)

akta.pro industry

PRIMARYMPAKAGAH

Motorsports Support & Feeder Series (Developmental Championships)

Media, Entertainment & Sports/Sports (Leagues, Teams, Events, Venues)/Motorsports Series, Teams & Promoters

SECONDARYMPAGAMAD

Motorsports Events (F1, NASCAR, Rally, Moto)

Media, Entertainment & Sports/Live Entertainment & Events (Concerts, Theater, Festivals)/Live Sports Events

Keywords

• Formula Student racing
• Electric race cars
• Autonomous driving systems
• Student engineering project
• Motorsport engineering

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Corporate Sponsorships and Partnerships: The nonprofit project is funded through partnerships with corporate sponsors who provide financial support, components, software, manufacturing services, and technical expertise. Partners are categorized as Platinum, Gold, Silver, Bronze, and Supporters.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

KTH Formula Student is a nonprofit student project that designs, manufactures, tests, and competes with formula-style electric driverless race cars in Formula Student competitions across Europe. Approximately 90-100 engineering students from KTH Royal Institute of Technology, Stockholm University, and Stockholm School of Economics collaborate across 15 specialized subgroups to produce an annual vehicle, integrating electric powertrain, carbon fiber monocoque chassis, in-wheel planetary gearboxes, and an autonomous driving pipeline (Perception, SLAM, Navigation).

Product overview

KTH Formula Student is a student-led nonprofit project that designs, manufactures, tests, and competes with Formula Student race cars. The product portfolio centers on annual vehicle development cycles producing electric driverless race cars (DeV series) alongside specialized subsystems including next-generation in-wheel transmission gearboxes and autonomous driving software. The core offering consists of the complete race car vehicle integrating powertrain, electronics, aerodynamics, and driverless systems, with modular subsystems (gearboxes, PCBs, autonomous perception) developed as sub-products for continuous improvement across seasons.

Differentiator

Problem solved

Functional benefit

Products and services

• DeV19 (Brinell) Electric Driverless Race Car Competition race car designed for both Electric Vehicle (EV) and Driverless Vehicle (DV) categories at FS Germany and FS Austria. Features modular platform architecture with focus on reliability and weight reduction.
• DeV20 (Nyquist) Electric Driverless Race Car Latest generation formula-style electric driverless race car named after Harry Nyquist. Features advanced autonomous systems, electric powertrain with four-wheel drive, carbon fiber monocoque construction, and next-generation planetary gearboxes achieving 50% mass reduction.
• Next-Generation Planetary Gearbox Compact, lightweight in-wheel planetary transmission developed for the DeV20 platform. Two-stage transmission with sun gear input configuration, achieving 50% mass reduction versus previous generation and integrated into the wheel package within a 30mm envelope.
• Autonomous Driving System (Driverless Pipeline) Three-stage autonomous driving system comprising Perception (LiDAR and camera-based cone detection), SLAM (position estimation and cone mapping), and Navigation (path planning and control algorithms including MPC and pure pursuit). Includes simulation environment and live telemetry solutions.
• Powertrain & Electronics Systems High-voltage battery systems, inverters, motor controllers, and low-voltage electronics including sensors, dashboard, wiring, safety circuits, and embedded software for real-time vehicle control.

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

20 partnerships are on record, tiered silver (important), platinum (flagship), bronze (supporting), gold (key) and gold (longest-standing).

• Mouser Electronicssilver (important)Technology or Integration · 6 August 2024Mouser Electronics provides essential electronic parts and components through their Educational Sales program. Components are used throughout the vehicle in self-developed PCBs and as connectors in both high-voltage and low-voltage systems. Mouser ships over a million unique electronic components from 1,200+ manufacturers.
• Atlas Copcoplatinum (flagship)Strategic or Co-development PartnerAtlas Copco is a global leader providing compressed air, vacuum technology, energy solutions, pumps, and power tools. They provide precision tools (including Angle Cordless Nutrunner Tensor STB) and support redesign and manufacturing of gearboxes. Atlas Copco has been a key supporter since the start, providing innovative technology and industry-leading expertise.
• Sandvik Coromantplatinum (flagship)Strategic or Co-development PartnerSandvik Coromant has been a major partner since the development of DeV17, mainly within manufacturing of the gearbox. Collaboration resulted in design and manufacturing of planetary carrier and gearbox housing, achieving an conversion rate of 15. They have supported for many years with cutting tools and manufacturing expertise.
• OVERTURE 3Dbronze (supporting)Technology or IntegrationSince 2019, OVERTURE has been providing high-quality PLA and PETG 3D printing filaments for rapid prototyping and custom parts. Their materials are used for additive manufacturing and creation of structures for fiber-reinforced composite components.
• NCAB Groupgold (key)Technology or IntegrationNCAB Group is a global leader in high-mix, low-volume PCB manufacturing. They supply custom PCBs for power management, communication, and critical electronic systems. Their support includes physical samples, detailed design feedback, and capabilities like copper coin integration for high voltage applications.
• ESSIQgold (key)Strategic or Co-development PartnerSwedish technology and engineering consulting company that provides access to a Mini Cooper vehicle essential for logistics, competition trips, and component transport. Also provides team jackets and hosts design reveal events. Service area spans mechanical design to IT & cloud services.
• Scaniagold (longest-standing)Strategic or Co-development PartnerScania is KTH Formula Student's longest-standing partner with over 10 years of collaboration. They provide financial support, access to advanced strength and durability testing for carbon fiber and core materials, R&D environment visits including test tracks and wind tunnels, mentorship program, and organize Partner Day events annually.
• Transfer Multisort Elektronik (TME)gold (key)Technology or IntegrationTME is one of Europe's largest distributors of electronic components, electromechanical components, and industrial automation products. Through their Powered by TME program, they provide high-quality hand tools, precision instruments, power tool accessories, and electronic components for design, manufacturing, and assembly work.
• Level 21 Consultingplatinum (flagship)Strategic or Co-development PartnerLevel 21 Consulting specializes in translating business strategies into actionable plans. They bring expertise in bridging the gap between strategic vision and practical implementation, helping the team navigate complex project requirements.
• Öhlinsgold (key)Technology or IntegrationÖhlins provides advanced suspension technology with state-of-the-art technology and passion for innovation. Their expertise supports the team's suspension systems development.
• Lenovogold (key)Technology or IntegrationLenovo delivers technology products and solutions that provide powerful platforms for designing and testing the car. They offer a wide portfolio of technology products.
• 3Dconnexionbronze (supporting)Technology or IntegrationThrough their Academic Program, 3Dconnexion provides professional CAD mice used throughout the design phase, helping subteams work more efficiently and create detailed CAD models.
• ATI Accurate Technologiessilver (important)Technology or IntegrationATI provides six licenses for CANLab software which is vital for monitoring and debugging the CAN system in the car. The software enables real-time access to network activity, message viewing, sending, receiving, and analysis on CAN bus.
• Schaefflersilver (important)Technology or IntegrationSchaeffler contributed bearing expertise and component supply, supporting selection and integration of rolling element bearings for both radial and axial load cases within the transmission.
• Leaxsilver (important)Technology or IntegrationLeax provided early-stage design feedback and manufacturing insight for gearbox development. They committed to producing selected gears free of charge and their early involvement enabled manufacturability concerns to be identified early.
• Bodycotesilver (important)Technology or IntegrationBodycote provided heat treatment capabilities enabling access to industrial-scale case hardening processes essential for achieving required surface hardness and subsurface stress resistance of the gears.
• Ovakosilver (important)Technology or IntegrationOvako supplied fatigue data for candidate gear steels, enabling determination of allowable bending and contact stresses used during gear dimensioning. Based on discussions, 158Q steel was selected for its superior compatibility with case hardening.
• Curtiss-Wrightsilver (important)Technology or IntegrationCurtiss-Wright contributed expertise related to shot peening for surface treatment and durability enhancement of gearbox components.
• TR Fasteningssilver (important)Technology or IntegrationTR Fastenings ensured suitable high-strength fasteners with appropriate coatings and mechanical properties were available for gearbox assembly.
• KISSsoftsilver (important)Technology or IntegrationKISSsoft software was used for gear optimization and fatigue simulations to determine minimum face widths and approximate gear mass while meeting fatigue life targets.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Others

• Formula Student Austria (FSA): Organizer of Formula Student Austria at the Spielberg circuit. A second pillar of KTH Formula Student's annual competition calendar and a key peer ecosystem for measuring performance.
• Formula Student Germany (FSG): The organizer and governing body of Europe's largest Formula Student event at Hockenheim. Functions as the competitive ecosystem in which KTH Formula Student operates, rather than a direct competitor.

Direct peers

• PoliTO Racing (Politecnico di Torino): Politecnico di Torino's Formula Student team with strong electric and driverless programs competing at FS events. Comparable to KTH in cross-discipline team structure and industrial partner base.
• GreenTeam (University of Stuttgart): University of Stuttgart's Formula Student Electric team, a top competitor in the driverless EV category at FS Germany. Comparable to KTH in electric powertrain focus and competition ambition.
• KA-RaceIng (KIT Karlsruhe): Karlsruhe Institute of Technology's Formula Student team with a long-running driverless program. Direct peer in FS Germany driverless competition and in-depth autonomous-stack development.
• Team Bath Racing (University of Bath): University of Bath's Formula Student team competing at FS UK and FS Germany. Comparable in scale and student-led engineering project model to KTH Formula Student.
• Oxford Brookes Racing: Oxford Brookes University's Formula Student team, long-standing FS UK competitor with EV and driverless classes. Comparable to KTH in university-led engineering project structure and European competition footprint.
• DUT Racing (Delft University of Technology): Delft's Formula Student team competing across EV and driverless events in Europe with a strong industry-partner ecosystem. Comparable in team size, technical ambition, and European competition presence.
• AMZ Racing (ETH Zurich): ETH Zurich's Formula Student team, a perennial FS Germany/Austria podium finisher with strong electric and autonomous vehicle programs. Most directly comparable to KTH Formula Student in mission, scale, partner ecosystem, and competition footprint.
• TUfast (TU Munich): Technical University of Munich's Formula Student team competing in both EV and driverless categories at FS Germany/Austria. Comparable in size, technical scope, and partner tier structure to KTH Formula Student.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/kthformulastudentt
• LinkedInlinkedin.com/company/kth-formula-student/?originalSubdomain=se
• Instagraminstagram.com/kthformulastudent
• Xx.com/FS_KTH

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

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 KTH Formula Student