Best Auto Companies in Minnesota, United States
The 126 best Auto companies in Minnesota, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: ASV Holdings.
Our analysis of 50 Auto companies
$9.4b in tracked funding; 94% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Auto companies in Minnesota
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ASV Holdings Compact track and skid-steer loaders engineered for performance and reliability | $125M | 101 mo ago | Acquired | — | 1983 | WordPressPleskMySQL+31 | — | — |
| 2 | Zeus Electric Chassis Manufacture of automotive electric chassis | $7M | 46 mo ago | Series A | Dave Stenson Chief Executive Officer & Member | 2018 | WordPressMySQLPHP+28 | — | — |
| 3 | KeySavvy Provider of dealership services for cars | $6M | 25 mo ago | Series A | Jason Hoetger Chief Technology Officer | 2022 | GhostNode.jsVarnish+29 | — | 2 partnerships |
| 4 | SHAED Provider of transforming mobility with a unique platform that speeds up the shift from traditional engines to… 65Talent top 28%Funding top 37%Global bottom 36% All 3 signals ▾Talenttop 28% Fundingtop 37% Globalbottom 36% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $5.7M across 3 rounds · 3 rounds over 2 yrs (1.5/yr) rank vs industry peers · Fliar Intelligence Index 65/100 | $6M | 3 mo ago | Series A | Eddie Schick Co-Founder | 2020 | — | — | — |
| 5 | Phillips & Temro Industries Manufacturer & supplier of automotive HVAC products to OEMs & the aftermarket | $5M | 283 mo ago | Acquired | Tom Moser President & CEO | 1920 | WordPressMySQLPHP+30 | 94 patents Electrical safety and thermal management solutions for power and electric vehicle systems | 1 job opening · 1 internship · 1 launch |
| 6 | Hansen Engine Manufacturer and supplier of automotive superchargers | $2M | 94 mo ago | Early Stage | Robert Hansen Co-Founder & CEO | 1977 | — | 26 patents Variable intake timing shutters for supercharged internal combustion engines | — |
| 7 | TruTech Manufacturer of DC Brushless servo Motor | $301K | 168 mo ago | Acquired | Ted Paskvan Co-Founder & CEO | 2010 | — | — | — |
| 8 | Macchina Automotive hardware and software tools provider, offering custom design and manufacturing | $143K | 95 mo ago | Funding Raised | Earl Sharpe Co-Founder | 2017 | Cart FunctionalityDiscourseRuby+16 | — | — |
| 9 | Toro Outdoor environment solutions: turf, landscape, irrigation, snow, and ice management | — | 42 mo ago | Public | Rick Olson Chairman and Chief Executive Officer | 1914 | WordPressMySQLSalesforce+27 | 1,222 patents Autonomous turf/ground care machinery and precision irrigation flow control technologies. | 1 internship · 1 award |
Top 10 Auto companies in Minnesota
#1
Series A · Minneapolis, Minnesota · founded 2020$5.7Mraised▾
SHAED is a company that is revolutionizing the insurance industry with an affordable and high-value GenAI-powered self-service experience. They are transforming mobility with a unique platform that speeds up the shift from traditional engines to electric and sustainable vehicles in the commercial sector.
- Feb 2026Series A$4.7M
- Feb 2025Seed$1.5M
- May 2024Seed$5.7M
#2
Series A · Saint Paul, Minnesota · founded 2022 · 8 employees$6Mraised▾
Provider of dealership services for cars
- May 2024Series A$4.2M
- Nov 2023Seed$2M
#3
Acquired · Grand Rapids, Minnesota · founded 1983 · 189 employees$125Mraised▾
Compact track and skid-steer loaders engineered for performance and reliability. The company designs, engineers, and manufactures premium compact track loaders, skid steers, and attachments. These machines are purpose-built to lead the industry in hydraulic performance, tractive effort, undercarriage technology, reliability, serviceability, and comfort on any terrain. The company's all-terrain machines enable operators to work in more places and conditions. They serve industries like construction, forestry, landscaping, and snow removal. The company pioneered the Posi-Track compact track loader. They offer financing and extended warranty programs. The company focuses on best-in-class designs, all-season usability, and superior comfort. The company builds machines designed to excel in specific settings, with a unique purpose.
- Jan 2018Conventional Debt$50M
- Dec 2014Conventional Debt$75M
#4
Series A · White Bear Lake, Minnesota · founded 2018 · 13 employees$7Mraised▾
Manufacture of automotive electric chassis
- Jul 2022Series A$6.2M
- Apr 2021Seed$751.5K
#5
Acquired · Eden Prairie, Minnesota · founded 1920 · 275 employees$5Mraised▾
Phillips & Temro Industries is a manufacturer & supplier of automotive heating products to OEMs & the aftermarket. Its products include engine heater, battery heaters, fuel heaters, ventilation systems & heat magnets for cars, trucks & pickups. It also serves industrial sectors.
#6
Early Stage · Plymouth, Minnesota · founded 1977$2.3Mraised▾
Developer of an automotive technology designed to provide variable-displacement superchargers. The company's technology supplies pressured air required to meet driver demands of an engine efficiently during high and low torque operations, enabling drivers to get fuel economy improvements easily.
#7
Acquired · Fridley, Minnesota · founded 2010$301.1Kraised▾
Manufacturer of DC Brushless servo Motor
- May 2012Seed$301.1K
#8
Funding Raised · Minneapolis, Minnesota · founded 2017$142.9Kraised▾
Automotive hardware and software tools provider, offering custom design and manufacturing. It develops hardware and software for automotive projects, including reverse engineering tools. The company provides custom design and manufacturing services for industrial and consumer electronics. It also fosters a community forum for collaboration and project inspiration.
- Jul 2018Grant (prize money)$142.9K
#9
Public · Minneapolis, Minnesota · founded 1914 · 7971 employees—raised▾
Outdoor environment solutions: turf, landscape, irrigation, snow, and ice management. The company provides innovative solutions for maintaining and enhancing outdoor spaces. Their offerings encompass turf and landscape maintenance equipment, irrigation systems, and solutions for snow and ice management. Serving diverse sectors including golf courses, contractors, groundskeepers, agricultural growers, rental companies, government entities, educational institutions, and homeowners, they offer a wide array of products. These include lawn mowers, irrigation controllers, golf equipment, snow blowers, and various landscape tools. The company focuses on sustainability, offering solutions for water conservation and efficient resource management. They also provide digital solutions for managing equipment and resources, along with professional services and genuine parts.
#10
Late Stage · Owatonna, Minnesota · founded 1984 · 60 employees—raised▾
Manufacturer and supplier of major auto components
- Aug 2018PE—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Auto coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
What Minnesota researches in autonomous vehicles
University of Minnesota leads Minnesota's largely optimistic autonomous vehicle research (mean stance 0.51), focusing on safety, traffic management, and path planning, with recent output surging post-2020.
- University of Minnesota13
- Minnesota State University, Mankato1
- University of Minnesota System1
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.