Learn how to validate your startup idea by pre-selling it, for only $80 (includes a free 1-hour consultancy call).
Battery Unicorns

4 Battery Companies that went to Become Unicorns

If you're building a battery startup, you must check these 4 companies that have joined the unicorn club.

Ad

Startup Foundations

You don’t need developers to launch your startup. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

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

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 4 unicorn Battery startups that have top-tier venture capital funding.

4 Battery Companies that Became Unicorns

Ad

Startup Foundations

You don’t need developers to launch your startup. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

Northvolt

Northvolt

Northvolt delivers clean energy by developing and recycling sustainable batteries for renewable power storage.

Details of the startup:

  • Valuation:

    $3.55

    B (

    June 2019

    )

  • Country:

    Sweden

  • City:

    Stockholm

  • Started in:

    2016

  • Founders:

    Paolo Cerruti, Peter Carlsson

  • Industries:

    Battery, Clean Energy, CleanTech, Electronics, Energy, Energy Storage, Manufacturing

  • Number of employees:

    500-1,000

  • Funding Amount:

    $3,290,092,593

  • Number of funding rounds:

    8

  • Number of investors:

    39

here

Proterra

Proterra

Proterra is revolutionizing transit with battery-electric bus solutions that reduce operating costs, increase passenger capacity, and provide a better ride.

Details of the startup:

  • Valuation:

    $1.05

    B (

    October 2020

    )

  • Country:

    United States

  • City:

    Burlingame

  • Started in:

    2004

  • Founders:

    Dale Hill, Ryan Popple

  • Industries:

    Automotive, Battery, Energy Storage, Manufacturing

  • Number of employees:

    250-500

  • Funding Amount:

    $679,760,700

  • Number of funding rounds:

    16

  • Number of investors:

    35

here

Svolt Energy Technology Co.

Svolt Energy Technology Co.

SVOLT (Silicon Valley Organization of Lithium Technologies) is a Silicon Valley-based lithium battery technology company that offers electric vehicle (EV) materials, cells, modules, packs, systems and BMS to drive the EV revolution.

Details of the startup:

  • Valuation:

    $1.27

    B (

    February 2021

    )

  • Country:

    China

  • City:

    Baoding

  • Started in:

    2016

  • Founders:

    No Data

  • Industries:

    Battery, Electric Vehicle, Energy, Energy Storage, Manufacturing

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥4,500,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    8

here

YinLong Group

YinLong Group

YinLong Group is a technology industry leader in the manufacturing and supplying lithium batteries, materials, and tools for use in electric vehicles.

Details of the startup:

  • Valuation:

    $1.50

    B (

    December 2016

    )

  • Country:

    China

  • City:

    Zhuhai

  • Started in:

    2008

  • Founders:

    Yincang Wei

  • Industries:

    Automotive, Battery, Energy, Manufacturing, Public Transportation

  • Number of employees:

    1-10

  • Funding Amount:

    $432,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    2

here
The All-In-One Newsletter for Startup Founders

Every week, I’ll send you Failory’s latest interviews and articles, curated resources for founders, and updates on how I’m growing the site to $10k/mo. Join +9,000 other startup founders!