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Download The List of the 100 Highest-Valued Unicorns

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The Founder's Handbook

Top 14 Battery Startups in 2024

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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

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2,189 Accelerators & Incubators

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Complete Unicorns List
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1,016 Unicorns

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1,190 Unicorns

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250 FinTech Investors

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

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1) Northvolt

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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