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The 14 Best Battery Fast-Growing Startups

Startups are hard and achieving success with them is even harder, but here is a list of the 14 most successful Battery companies.

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There are a lot of things to consider when building a new startup - where to get funding, how to validate your idea, and what features should the product have.

One of the challenges, however, is finding a market that is willing to pay for your solution without even knowing what it is yet.

While some people say this makes your idea too vague and hard to monetize, there’s actually good news.

There’s more money in this space than ever before by angels investing in early-stage companies.

If you're building a Battery startup, you must check these 14 fast-growing companies.


14 Battery Startups

1) Northvolt

1) Northvolt

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

Details of the startup:

  • Country: Sweden
  • City: Stockholm
  • Started in: 2016
  • Founders: Paolo Cerruti, Peter Carlsson
  • Number of employees: 1001-5000
  • Funding amount: $6,040,092,593
  • Number of funding rounds: 9
  • Number of investors: 48

You can find their website here.

2) SES

2) SES

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

Details of the startup:

  • Country: United States
  • City: Woburn
  • Started in: 2012
  • Founders: Qichao Hu
  • Number of employees: 251-500
  • Funding amount: $225,114,997
  • Number of funding rounds: 8
  • Number of investors: 17

You can find their website here.

3) TWAICE

3) TWAICE

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

Details of the startup:

  • Country: Germany
  • City: Munich
  • Started in: 2018
  • Founders: Michael Baumann, Stephan Rohr
  • Number of employees: 51-100
  • Funding amount: € 35,500,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

4) Enevate

4) Enevate

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

Details of the startup:

  • Country: United States
  • City: Irvine
  • Started in: 2005
  • Founders: Benjamin Park
  • Number of employees: 51-100
  • Funding amount: $192,600,000
  • Number of funding rounds: 7
  • Number of investors: 11

You can find their website here.

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5) Form Energy

5) 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
  • City: Somerville
  • Started in: 2017
  • Founders: Marco Ferrara, Mateo Jaramillo, Ted Wiley, William Woodford, Yet-Ming Chiang
  • Number of employees: 101-250
  • Funding amount: $125,000,000
  • Number of funding rounds: 3
  • Number of investors: 11

You can find their website here.

6) SoundBoks

6) SoundBoks

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

Details of the startup:

  • Country: Denmark
  • City: Copenhagen
  • Started in: 2015
  • Founders: Christoffer Nyvold, Hjalte Emilio Wieth, Jesper Theil Thomsen
  • Number of employees: 11-50
  • Funding amount: $13,748,945
  • Number of funding rounds: 5
  • Number of investors: 7

You can find their website here.

7) Oyika

7) Oyika

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

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2018
  • Founders: Lee Jinsi
  • Number of employees: 1-10
  • Funding amount: $100,000,000
  • Number of funding rounds: 1

You can find their website here.

8) Pure EV

8) Pure EV

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

Details of the startup:

  • Country: India
  • City: Hyderabad
  • Started in: 2016
  • Founders: Nishanth Dongari, Rohit Vadera
  • Number of employees: 1-10
  • Funding amount: $35,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

9) Evergen

9) Evergen

Smarter energy is made possible with Evergen software.

Details of the startup:

  • Country: Australia
  • City: Newcastle-AUS
  • Started in: 2015
  • Founders: Ben Hutt, Nick McGrath
  • Number of employees: 51-100
  • Funding amount: $11,809,467
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

10) Livguard

10) Livguard

Livguard is an inverter and battery company.

Details of the startup:

  • Country: India
  • City: Gurgaon
  • Started in: 2014
  • Number of employees: 101-250
  • Funding amount: ₹2,200,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

11) GBatteries

11) 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
  • City: Ottawa
  • Started in: 2013
  • Founders: Alex Tkachenko, Kostya Khomutov, Nick Sherstyuk, Tim Sherstyuk
  • Number of employees: 11-50
  • Funding amount: $3,916,485
  • Number of funding rounds: 6
  • Number of investors: 13

You can find their website here.

12) Phylion Battery

12) Phylion Battery

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

Details of the startup:

  • Country: China
  • City: Suzhou
  • Started in: 2003
  • Founders: Liquan Chen
  • Number of employees: 501-1000
  • Funding amount: $200,216,428
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

13) YinLong Group

13) 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
  • City: Zhuhai
  • Started in: 2008
  • Founders: Yincang Wei
  • Number of employees: 1-10
  • Funding amount: $432,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

14) HyperStrong

14) HyperStrong

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

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2011
  • Founders: Hao Qian, Jianhui Zhang, Peng Shu
  • Number of employees: 11-50
  • Funding amount: $88,842,682
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

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