ALVA INDUSTRIES AS

ALVA Industries – Next-generation electric motor technology

Alva has a vision of electrifying the world through a unique production technology for electric motors. The company is on a mission to accelerate the transition to sustainable solutions across a variety of industries by developing the world's best and most reliable electric drive systems.

Keywords

manufacturingbattery chargerstransistorselectric door opening and closing mechanismsbellsextension cordsultrasonic cleanersinvertersrectifiersfuel cellspower suppliesuninterruptible power supplies (ups)surge suppressorsappliance wiringconnectorscarbon electrodesgraphite electrodescontactsparticulate acceleration electrodescapacitorsresistorsacceleration electrodeselectromagnetssirensscoreboardssignssignaling equipmentlight signalspedestrian signalsinsulatorsbase metal pipesfittingselectroweldingsoldering equipmentsoldering irons

Organization

CEO: JS
Jørgen Selnes1992
Chairman of the board: SS
Ståle Svenning1968
Years since formation: 7 years; since Mar 17, 2017
Type: Limited company
VAT registered: Yes
Number of employees: 28

Ownership

Number of shares and share classes: 136,094; 2 share classes
Total number of shareholders: 73; 44 companies, 29 persons

Financials

Total operating income 2023: 7,491,463; NOK
Annual total result 2023: -37,992,988; NOK
Total equity 2023: 124,416,561; NOK

Last update: Oct 14, 2024

Management

Management / administration

Name	Role	Shares
JS Jørgen Selnes 1992	Managing Director/CEO	11.97 % indirectly

Board

Name	Role	Shares
JM Jonas Myklebost 1994	Board Member	-
TO Torgunn Olianne Oldeide 1963	Board Member	-
SO Svein Oscar Spieler 1960	Observer	-
SS Ståle Svenning 1968	Chairman	-
MA Mark Anthony Howard 1964	Board Member	-
KK Kasper Kvinnesland 1994	Board Member	-
PB Philipp Betschart 1992	Alternate Member	-

Others

Name	Role	Shares
D DELOITTE AS	Auditor	-
S SOLDI REGNSKAP AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
JS Jørgen Selnes 1992	Managing Director/CEO	11.97 % indirectly
KN Knut Klonteig Nielsen 1993	-	7.14 % indirectly
MS Michael Steensland-Brun 1981	-	1.63 % indirectly
MT Melanie Tone Steensland Gotteberg 1979	-	1.63 % indirectly
KE Kjetil Forberg Eikeset 1968	-	1.54 % indirectly
AF Anton Karl G A Franzén 1992	-	1.25 % directly
KD Kjetil Dahl 1957	-	1.03 % indirectly
GH Gitte Hestenes 1977	-	1.03 % indirectly
CH Christian Hestenes 1976	-	1.03 % indirectly

Last update: Oct 21, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
V VIOS 224 AS	Preference shares	23,479	17.25 %
P PAC INDUSTRIES AS	Ordinary shares	17,288	12.7 %
S STATKRAFT VENTURES AS	Preference shares	11,585	8.51 %
N NCI HOLDING AS	Ordinary shares	9,711	7.14 %
V VIOS 224 AS	Ordinary shares	6,756	4.96 %
J JAKOB HATTELAND HOLDING AS	Ordinary shares	6,750	4.96 %
D Drone Fund Iii Investment Ltd	Preference shares	4,865	3.57 %
A AS CLIPPER	Preference shares	4,695	3.45 %
A ALTITUDE EXPLORER AS	Ordinary shares	4,470	3.28 %
J JAKOB HATTELAND HOLDING AS	Preference shares	3,906	2.87 %
S STATOR AS	Ordinary shares	3,229	2.37 %
S STORSTAD AS	Ordinary shares	2,797	2.06 %
US Ultranav International Ii Sa	Preference shares	2,347	1.72 %
P PROMETHEVS HOLDING AS	Ordinary shares	2,097	1.54 %
TF T Capital Holding Ag Five	Ordinary shares	1,768	1.3 %
H HAUSTA VEKST AS	Ordinary shares	1,700	1.25 %
AF Anton Karl G A Franzén 1992	Ordinary shares	1,698	1.25 %
T TERE AS	Ordinary shares	1,567	1.15 %
G GREP TECH INVEST I AS	Ordinary shares	1,559	1.15 %
B BLUEFIELD AS	Ordinary shares	1,400	1.03 %
HA Harald Arne Lothe 1960	Ordinary shares	1,343	0.99 %
F FJELLSTAD HOLDING AS	Ordinary shares	1,342	0.99 %
A AS SILVESTER	Ordinary shares	1,259	0.93 %
H HOME RUN AS	Ordinary shares	1,258	0.92 %
A A/S MILLENIUM	Ordinary shares	1,250	0.92 %
HB Halvard Langegard Berge 1992	Ordinary shares	1,167	0.86 %
C CI XVII AS	Preference shares	1,033	0.76 %
P PSY INDUSTRIES AS	Ordinary shares	900	0.66 %
LM Lars-Endre Mæland 1991	Ordinary shares	900	0.66 %
K KRYSSE AS	Ordinary shares	891	0.65 %
AJ Alf Justin Hestenes 1943	Ordinary shares	710	0.52 %
S STATOR AS	Preference shares	704	0.52 %
C COPA AS	Ordinary shares	668	0.49 %
N NORLINK AS	Ordinary shares	668	0.49 %
S SIMONSEN INVEST AS	Ordinary shares	610	0.45 %
KK Kasper Kvinnesland 1994	Ordinary shares	600	0.44 %
OØ Oddvin Agnalt Østmo 1992	Ordinary shares	600	0.44 %
L LAKRIS INVEST AS	Ordinary shares	522	0.38 %
RB Ravindra Babu Ummaneni 1979	Ordinary shares	511	0.38 %
J JOTELINO AS	Preference shares	469	0.34 %
S SKAVAK INVEST AS	Ordinary shares	447	0.33 %
H HANSEMGRUPPEN HOLDING AS	Ordinary shares	445	0.33 %
T TUTU AS	Ordinary shares	419	0.31 %
S SANDER INVEST AS	Ordinary shares	372	0.27 %
I INVESTIV AS	Ordinary shares	338	0.25 %
T TORGHATTEN EIENDOM AS	Ordinary shares	325	0.24 %
B BLACK TUSK AS	Ordinary shares	235	0.17 %
I INVESTIV AS	Preference shares	234	0.17 %
A AKSLA HOLDING AS	Ordinary shares	223	0.16 %
S SHELLSONS AS	Ordinary shares	222	0.16 %
MV Mikael Vedvik 1992	Ordinary shares	220	0.16 %
F FESTERVOLL INTERNATIONAL AS	Ordinary shares	169	0.12 %
DD David Dupont	Preference shares	164	0.12 %
TF T Capital Holding Ag Five	Preference shares	140	0.1 %
B BLINDLEIA CONCEPT AS	Ordinary shares	125	0.09 %
B BLACK TUSK AS	Preference shares	117	0.09 %
SK Sampsa Matias I Kohtala 1992	Ordinary shares	112	0.08 %
BN Birger Nilsen 1972	Ordinary shares	111	0.08 %
E ENGEBAKKEN HOLDING AS	Ordinary shares	109	0.08 %
F FJELLSTAD HOLDING AS	Preference shares	93	0.07 %
MB Magnus Becher 1990	Ordinary shares	72	0.05 %
TA Thomas Fredrik Bech Aschehoug 1994	Preference shares	46	0.03 %
AT Anniken Tiset 1990	Preference shares	46	0.03 %
WH William Eric John Hawkins 1988	Ordinary shares	45	0.03 %
MK Menno Kemp 1991	Preference shares	32	0.02 %
ML Matteo Leandro 1994	Preference shares	28	0.02 %
IM Ivan Martinez Garcia 1994	Preference shares	28	0.02 %
PØ Per Øyvind Valen 1994	Preference shares	23	0.02 %
AT Ali Tabeshian 1985	Ordinary shares	23	0.02 %
SJ Sondre Westby Johannessen 1993	Ordinary shares	21	0.02 %
HF Håkon Fjærli 1992	Preference shares	18	< 0.01 %
AS Arild Stenset 1990	Ordinary shares	16	< 0.01 %
TA Thomas Fredrik Bech Aschehoug 1994	Ordinary shares	4	< 0.01 %

Last update: May 24, 2024

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	7,491,463	8,138,721	20,447,573
Annual Total Result	-37,992,988	-26,099,738	-2,030,650
Total assets	132,735,415	134,437,999	45,909,462
Total liabilities	8,318,853	88,672,727	10,417,369
Total equity	124,416,561	45,765,271	35,492,093

P&L

Year	2023	2022	2021
Total operating income	7,491,463	8,138,721	20,447,573
Total operating costs	58,891,885	42,420,643	23,512,836
Operating result	-51,400,422	-34,281,922	-3,065,263
Financial income/costs	1,474,271	-83,855	81,529
Profit before tax	-49,926,151	-34,365,777	-2,983,734
Total tax & extraordinary income/cost	-11,933,163	-8,266,039	-953,084
Annual Total Result	-37,992,988	-26,099,738	-2,030,650

Balance overview

Year	2023	2022	2021
Total fixed assets	53,278,087	40,387,648	24,407,272
Total current assets	79,457,328	94,050,351	21,502,191
Total assets	132,735,415	134,437,999	45,909,462
Short term debt	8,318,853	88,672,727	8,917,369
Long term debt	0	0	1,500,000
Total liabilities	8,318,853	88,672,727	10,417,369
Contributed capital	190,965,008	74,320,730	37,947,815
Retained earnings	-66,548,447	-28,555,459	-2,455,722
Total equity	124,416,561	45,765,271	35,492,093
Total equity and liabilities	132,735,415	134,437,998	45,909,462

ALVA INDUSTRIES AS918 714 006