About KORE Power
KORE Power is a company based in Idaho Falls (United States) founded in 2018 by Lindsay Gorrill. KORE Power has raised $75.1 million across 1 funding round from investors including Honeywell, Siemens and Nidec Group. The company has 132,692 employees as of December 31, 2021. KORE Power has completed 1 acquisition, including Northern Reliability. KORE Power offers products and services including 750 LFP DC Block, 1340 NMC DC Block, K1 55 NMC Cell, and K2 280 LFP Cell. KORE Power operates in a competitive market with competitors including SunPower, A123 Systems, Ambri, Verkor and Northvolt, among others.
- Headquarter Idaho Falls, United States
- Employees 132692 as on 31 Dec, 2021
- Founders Lindsay Gorrill
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Kore Power, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$75.1 M (USD)
in 1 rounds
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Latest Funding Round
$75.1 M (USD), Series C
Nov 30, 2022
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Investors
Honeywell
& 6 more
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Employee Count
132692
as on Dec 31, 2021
- Investments & Acquisitions
- Acquired by
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Products & Services of KORE Power
KORE Power offers a comprehensive portfolio of products and services, including 750 LFP DC Block, 1340 NMC DC Block, K1 55 NMC Cell, and K2 280 LFP Cell.
High-capacity battery block for grid-scale energy applications.
NMC chemistry block for high discharge power needs.
NMC cell designed for various energy storage uses.
LFP cell for reliable E-Mobility and storage solutions.
People of KORE Power
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Funding Insights of KORE Power
KORE Power has successfully raised a total of $75.1M through 1 strategic funding round. The most recent funding activity was a Series C round of $75.1 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in KORE Power
KORE Power has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Honeywell, Siemens and Nidec Group.
| Investor | Description | Founded Year | Domain | Location |
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A single-family office focused on technology and innovation investments.
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Industrial software is developed for automation, electrification, and digitalization solutions.
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Integrated infrastructure solutions provider
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Investor details for KORE Power
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Investments & Acquisitions by KORE Power
KORE Power has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Northern Reliability.
Investment portfolio details for KORE Power
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Experts in power solutions and energy storage
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Locked | Locked | 2007 | Locked |
Complete acquisition details for KORE Power
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Financial Statements - KORE Power
Detailed financials for KORE Power
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Kore Power Comparisons
Peer comparison for KORE Power
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Competitors of KORE Power
KORE Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SunPower, A123 Systems, Ambri, Verkor and Northvolt, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Silicon-based solar PV modules are manufactured for diverse applications.
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Lithium-ion batteries for automotive and industrial uses are manufactured.
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Liquid metal batteries are provided for long-duration energy storage.
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Lithium-ion batteries are manufactured for electric vehicles and storage.
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Lithium-ion batteries for electric vehicles are manufactured and optimized.
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Developer of energy storage systems (ESS) based on lithium NMC technology
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Detailed competitors of KORE Power
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Latest news on Kore Power
Complete news archive for KORE Power
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Frequently Asked Questions about KORE Power
KORE Power was founded in 2018 and raised its 1st funding round 4 years after it was founded.
KORE Power is headquartered in Idaho Falls, United States. It is registered at Idaho Falls, Idaho, United States.
Lindsay Gorrill is the current CEO of KORE Power. They have also founded this company.
KORE Power is a funded company, having raised a total of $75.1M across 1 funding round to date.
As of Dec 31, 2021, the latest employee count at KORE Power is 132,692.
KORE Power was founded in 2018 and is headquartered in Idaho Falls, United States. Operations focus on the production of lithium-based energy storage systems within the utilities sector. These systems are engineered to capture and store energy generated from renewable and non-renewable sources. Deployment occurs to support urban energy needs, with applications extending to grid stability and power distribution.
KORE Power offers 750 LFP DC Block, 1340 NMC DC Block, K1 55 NMC Cell, and K2 280 LFP Cell.
KORE Power has made 1 acquisition, including Northern Reliability.
KORE Power has 6 investors. Key investors include Honeywell, Siemens, Nidec Group, Quanta Services, and Energy Vault.