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The battery sector is attracting major investment for energy storage and transportation. Companies are developing new technologies for everything from electric vehicles to home power systems.
For example, South Korea's SK on has secured $5.6B for its electric vehicle batteries. Meanwhile, Beta Technologies is using its $1.8B in funding to build electric aircraft in the United States.
Below is our list of 80 Battery startups worth keeping an eye on.
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 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50With a focus on operational simplicity, Beta Technologies designs and manufactures electric aircraft for cargo and passenger transport. They support their fleet with a network of charging stations and comprehensive pilot training programs.
Base Power develops home battery systems that provide reliable backup power during grid failures. These systems are paired with integrated electricity plans, creating a modern energy solution for homeowners.
Lyten engineers and manufactures a proprietary supermaterial called 3D Graphene to help decarbonize heavy industries. The company applies this advanced material to produce next-generation products, such as high-performance batteries and lightweight composites.
Unbound Potential develops and provides large-scale energy storage systems for various applications. Their battery technology is designed to support grid stability and the broader adoption of renewable energy sources.
Fourth Power develops thermal batteries designed to store renewable energy at a grid scale. This technology provides a low cost, long duration storage solution that can deliver power whenever it is needed.
Koolboks develops solar-powered freezers and ice makers that provide continuous refrigeration without relying on the grid. Their technology uses integrated ice batteries to store energy, making cold storage accessible and affordable for businesses and households.
Group14 Technologies commercially manufactures advanced silicon battery technology that serves as a drop-in replacement for graphite anodes. This patented material boosts the energy density and charging speed of lithium-ion batteries for electric vehicles and consumer electronics.
BLUETTI builds a range of clean energy storage products, including portable power stations and home battery backup systems. Their solar generators and power solutions are designed to provide reliable electricity for off-grid use and emergency power needs.
SK on develops and manufactures high-energy density batteries for the electric vehicle industry. Their technology is a key part of advancing EV performance and driving range.
Pure Lithium manufactures a lithium metal battery technology that enables clean, sustainable, and cost-effective rechargeable batteries. Their innovation in energy storage supports the broader adoption of renewable energy sources.
Our top 10 picks are just a small part of a much bigger story. Across the globe, dozens of other companies have raised tens of billions of dollars to build better batteries.
Some are brand new, while others have been working on the problem for over a decade. Here is a look at the other companies building the future of energy storage.
| Startup | Main Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Hardware | 2016 | $86.2M | Venture Round | |
| Hardware | 2022 | $92.7M | Grant | |
| Hardware | 2021 | $240M | Series D | |
| Hardware | 2013 | £13.8M | Grant | |
| Hardware | 2021 | $157M | Debt Financing | |
| Hardware | 2012 | $352.6M | Venture Round | |
| Hardware | 2016 | $320M | Undisclosed | |
| Hardware | 2020 | $113.6M | Venture Round | |
| Hardware | 2018 | $124.9M | Series C | |
| Hardware | 2017 | $1.6B | Debt Financing | |
| Hardware | 2020 | $61.5M | Grant | |
| Manufacturing | 2015 | $1.8B | Secondary Market | |
| Hardware | 2010 | $184.8M | Series H | |
| Hardware | 2022 | CA$700M | Grant | |
| Hardware | 2021 | $29.1M | Series B | |
| Hardware | 2009 | $357.5M | Debt Financing | |
| Hardware | 2020 | $15M | Debt Financing | |
| Hardware | 2021 | A$1.2B | Debt Financing | |
| Mobility | 2010 | $40.6M | Series C | |
| Hardware | 2006 | $537.5M | Corporate Round | |
| Mobility | 2022 | $9.6B | Debt Financing | |
| Hardware | 2020 | $52.7M | Grant | |
| Mobility | 2019 | $231M | Series B | |
| Hardware | 2016 | $10.6M | Series A | |
| Hardware | 2016 | $13.8B | Debt Financing | |
| Manufacturing | 2017 | $3.8B | Series D | |
| Manufacturing | 2019 | CN¥6.5B | Private Equity | |
| Hardware | 2018 | $136M | Private Equity | |
| Hardware | 2017 | £520M | Undisclosed | |
| Hardware | 2010 | $360M | Debt Financing | |
| Mobility | 2007 | $1.4B | Grant | |
| Hardware | 2010 | $169.2M | Series E | |
| Hardware | 2017 | $2.9B | Debt Financing | |
| Hardware | 2016 | ₹767M | Venture Round | |
| AI | 2018 | $71.5M | Series B | |
| Hardware | 2020 | CN¥4.4B | Series C | |
| Hardware | 2016 | $68.8M | Debt Financing | |
| Mobility | 2009 | $313.3M | Series E | |
| Hardware | 2022 | $97M | Venture Round | |
| Hardware | 2023 | £800k | Grant | |
| Hardware | 2017 | $32M | Series B | |
| Hardware | 2020 | €33M | Series B | |
| Hardware | 2024 | $2.6M | Seed | |
| Hardware | 2015 | $22.4M | Venture Round | |
| Manufacturing | 2018 | £19.3M | Series A | |
| Mobility | 2016 | ₹660M | Series A | |
| Hardware | 2016 | €14.4M | Series A | |
| Mobility | 2019 | €5.5M | Series A | |
| Hardware | 2009 | €8.1M | Debt Financing | |
| Hardware | 2022 | €8M | Seed | |
| Mobility | 2008 | $432M | Undisclosed | |
| Hardware | 2018 | $6.6M | Venture Round | |
| Hardware | 2020 | $10.7M | Venture Round | |
| Hardware | 2022 | $3M | Series A | |
| Mobility | 2021 | $5.5M | Seed | |
| Hardware | 2020 | CN¥1.1B | Series A | |
| Hardware | 2014 | CN¥300M | Series B | |
| Hardware | 2020 | CN¥1B | Series A | |
| Hardware | 2015 | €95M | Undisclosed | |
| Hardware | 2017 | €5M | Series A | |
| AI | 2015 | $1.1M | — | |
| Hardware | 2015 | $16.2M | Corporate Round | |
| Hardware | 1994 | €275M | Debt Financing | |
| Hardware | 2011 | CN¥150M | Series A | |
| Hardware | 2006 | €7.9M | Debt Financing | |
| Hardware | 2018 | €4.4M | Convertible Note | |
| Hardware | 2016 | €250k | Seed | |
| Mobility | 2016 | — | Series A | |
| Manufacturing | 1822 | — | — | |
| Hardware | 2010 | — | Venture Round |
