Top 14 Battery Startups in 2024

Updated:

February 9, 2024

Unicorns Startups Failed Startups Accelerators & Incubators

Description

CTA

Have you ever wondered who is on the list of Battery companies with the highest growth rates?

You’re not alone.

There are hundreds of companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 14 fast-growing Battery startups that have top-tier venture capital funding.

14 Battery Startups

Tool

Fundraising OS

Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.

Buy It For $97 $297 →

Sheet

2,189 Accelerators & Incubators

Information about the industries, countries, and cities they generally invest in.

Get the Sheet for $50

Sheet

1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

Get the Sheet for $50

Sheet

1,190 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

Get the Sheet for $50

Sheet

250 FinTech Investors

List of startup investors in the FinTech industry, along with their Twitter, LinkedIn, and email addresses.

Get the Sheet for $50

Sheet

250 BioTech & Health Investors

List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.

Get the Sheet for $50

Sheet

250 AI Investors

List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.

Get the Sheet for $50

1) Northvolt

Northvolt is a lithium-ion battery manufacturer specializing in environmentally friendly batteries.

Details of the startup:

Country: Sweden
State: Stockholms Lan
City: Stockholm
Started in: 2016
Founders: Paolo Cerruti, Peter Carlsson
Number of employees: 1001-5000
Funding: $6,040,092,593
Funding rounds: 9
Number of investors: 48 (Siemens, Goldman Sachs, Bpifrance, InnoEnergy, European Investment Bank)

You can find their website here.

‍

2) TWAICE

TWAICE is a battery business that creates analytics tools to improve battery transparency and predictability.

Details of the startup:

Country: Germany
State: Bayern
City: Munich
Started in: 2018
Founders: Michael Baumann, Stephan Rohr
Number of employees: 51-100
Funding: € 35,500,000
Funding rounds: 4
Number of investors: 6 (Creandum, Speedinvest, Cherry Ventures, Unternehmertum Venture Capital Partners, Energize Ventures)

You can find their website here.

‍

3) SoundBoks

SoundBoks is a hardware firm based in Copenhagen that creates and sells battery-powered speakers.

Details of the startup:

Country: Denmark
State: Hovedstaden
City: Copenhagen
Started in: 2015
Founders: Christoffer Nyvold, Hjalte Emilio Wieth, Jesper Theil Thomsen
Number of employees: 11-50
Funding: $13,748,945
Funding rounds: 5
Number of investors: 7 (Y Combinator, ACE & Company, Heartcore Capital, Vaekstfonden, Zillionize)

You can find their website here.

‍

4) Oyika

Oyika is a Singapore-based startup that develops electric vehicle battery swapping and charging infrastructure.

Details of the startup:

Country: Singapore
State: Central Region
City: Singapore
Started in: 2018
Founders: Lee Jinsi
Number of employees: 1-10
Funding: $100,000,000
Funding rounds: 1

You can find their website here.

‍

5) Evergen

Smarter energy is made possible with Evergen software.

Details of the startup:

Country: Australia
State: New South Wales
City: Newcastle-AUS
Started in: 2015
Founders: Ben Hutt, Nick McGrath
Number of employees: 51-100
Funding: $11,809,467
Funding rounds: 3
Number of investors: 5 (Artesian VC, CSIRO, AMP Capital Investors, Providence Asset Group, Artesian Clean Energy Seed Fund)

You can find their website here.

‍

6) GBatteries

GBatteries is a company that creates sophisticated fast charging technology and is supported by some of the world's most prestigious investors.

Details of the startup:

Country: Canada
State: Ontario
City: Ottawa
Started in: 2013
Founders: Alex Tkachenko, Kostya Khomutov, Nick Sherstyuk, Tim Sherstyuk
Number of employees: 11-50
Funding: $3,916,485
Funding rounds: 6
Number of investors: 13 (Creative Destruction Lab (CDL), FundersClub, Y Combinator, Plug and Play Tech Center, Sustainable Development Technology Canada)

You can find their website here.

‍

7) Pure EV

Pure EV is a firm that was started at IIT Hyderabad.

Details of the startup:

Country: India
State: Andhra Pradesh
City: Hyderabad
Started in: 2016
Founders: Nishanth Dongari, Rohit Vadera
Number of employees: 1-10
Funding: $35,000,000
Funding rounds: 1
Number of investors: 1 (V.C. Nannapaneni)

You can find their website here.

‍

8) Livguard

Livguard is an inverter and battery company.

Details of the startup:

Country: India
State: Haryana
City: Gurgaon
Started in: 2014
Number of employees: 101-250
Funding: ₹2,200,000,000
Funding rounds: 1
Number of investors: 2 (Chrys Capital, Ncubate Capital Partners)

You can find their website here.

‍

9) Phylion Battery

Phylion Battery is a lithium-ion battery producer for electric vehicles.

Details of the startup:

Country: China
State: Jiangsu
City: Suzhou
Started in: 2003
Founders: Liquan Chen
Number of employees: 501-1000
Funding: $200,216,428
Funding rounds: 3
Number of investors: 7 (Yingke Capital, Legend Holdings, CCB International, PCCW, Boxin Capital)

You can find their website here.

‍

10) YinLong Group

Lithium batteries, materials, power supplies, and electric vehicles for public transportation are all manufactured and supplied by the YinLong Group.

Details of the startup:

Country: China
State: Guangdong
City: Zhuhai
Started in: 2008
Founders: Yincang Wei
Number of employees: 1-10
Funding: $432,000,000
Funding rounds: 1
Number of investors: 2 (JD.com, WANDA Group)

You can find their website here.

‍

11) HyperStrong

HyperStrong is a Chinese developer of integrated battery management and energy storage solutions.

Details of the startup:

Country: China
State: Beijing
City: Beijing
Started in: 2011
Founders: Hao Qian, Jianhui Zhang, Peng Shu
Number of employees: 11-50
Funding: $88,842,682
Funding rounds: 3
Number of investors: 3 (IDG Capital, Qiming Venture Partners, THG Ventures)

You can find their website here.

‍

12) SES

SES is a maker of electric car Hybrid Li-Metal Batteries.

Details of the startup:

Country: United States
State: Massachusetts
City: Woburn
Started in: 2012
Founders: Qichao Hu
Number of employees: 251-500
Funding: $225,114,997
Funding rounds: 8
Number of investors: 17 (Khosla Ventures, Temasek Holdings, Vertex Ventures, General Motors, MassVentures)

You can find their website here.

‍

13) Enevate

Enevate is a rechargeable energy storage technology firm that provides revolutionary Li-ion battery capacity.

Details of the startup:

Country: United States
State: California
City: Irvine
Started in: 2005
Founders: Benjamin Park
Number of employees: 51-100
Funding: $192,600,000
Funding rounds: 7
Number of investors: 11 (Lenovo, Fidelity Management and Research Company, Threshold, Samsung Ventures, LG Chem)

You can find their website here.

‍

14) Form Energy

Form Energy is working on a low-cost battery technology that can store wind and solar energy for extended periods of time.

Details of the startup:

Country: United States
State: Massachusetts
City: Somerville
Started in: 2017
Founders: Marco Ferrara, Mateo Jaramillo, Ted Wiley, William Woodford, Yet-Ming Chiang
Number of employees: 101-250
Funding: $125,000,000
Funding rounds: 3
Number of investors: 11 (Temasek Holdings, Coatue, Energy Impact Partners, Macquarie Capital, Prelude Ventures)

You can find their website here.

‍