About Lithium Balance
Lithium Balance is a company based in Herlev (Denmark) founded in 2006 was acquired by Sensata in February 2021. Lithium Balance has raised $19.51 million across 17 funding rounds from investors including Sensata, Orsted and European Union. The company has 1,324 employees. Lithium Balance offers products and services including n3-BMS, n-BMS, and c-BMS. Lithium Balance operates in a competitive market with competitors including Eatron, Ion Energy Labs, Zitara, Electra Vehicles and Dukosi, among others.
- Headquarter Herlev, Denmark
- Employees 1,324
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website lithiumbalance.com
- Social LinkedIn
- Acquired by Sensata (Feb 2021)
- Legal Name Lithium Balance A/S
Products & Services of Lithium Balance
Lithium Balance offers a comprehensive portfolio of products and services, including n3-BMS, n-BMS, and c-BMS.
Monitors lithium batteries for safety and performance in various applications
Ensures efficient balancing and charging for industrial uses
Provides fast balancing and improved range for automotive sectors
Funding Insights of Lithium Balance
Lithium Balance has successfully raised a total of $19.51M across 17 strategic funding rounds. The most recent funding activity was a Grant round of $562.73 thousand completed in May 2021. 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.
- Total Funding $19.51M
- Total Rounds 17
- Last Round Grant — $562,732
- First Round $50,034
(Mar 2006)
- Investors Count 3
Latest 10 of 17 funding rounds of Lithium Balance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $562,732 | Grant | – | – | |
| Mar 2021 | $3.62M | Series A | – | – | – |
| Jul 2019 | $3.35M | Series A | – | – | – |
| Jul 2018 | $58,424 | Grant | – | – | |
| Jun 2018 | $500,268 | Grant | – | – | |
| Mar 2018 | $61,347 | Grant | – | – | |
| Jan 2018 | $515,885 | Grant | – | – | |
| Jan 2018 | $60,049 | Grant | – | – | |
| Oct 2017 | $4.86M | Series A | – | – | – |
| May 2017 | $441,923 | Grant | – | – |
4 investors in total: 4 institutional.
Investors in Lithium Balance
Lithium Balance has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Sensata, Orsted and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Power generation via bioenergy, thermal, and wind sources is offered. | 2006 | orsted.com | Fredericia, Denmark | |
Multi-parametric sensors and electronic control systems are manufactured. | 2006 | sensata.com | Attleboro, United States |
Investor details for Lithium Balance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Lithium Balance
3 people are tracked at Lithium Balance (3 in leadership); the tracked headcount is 1,324.
| Name | Role | Group |
|---|---|---|
Jeffrey Cote | CEO | Leadership |
Zsolt Bernath | Marketing And Partner Sales Manager | Leadership |
Stephen Millen | Chief Executive Officer | Leadership |
Complete people profiles for Lithium Balance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of Lithium Balance
4 dated milestones of Lithium Balance across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Lithium Balance is founded.
- Funding First funding round of $50K.
- Exit Acquired by Sensata.
- Funding Latest funding round, Grant, of $563K.
Competitors of Lithium Balance
Lithium Balance 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 Eatron, Ion Energy Labs, Zitara, Electra Vehicles and Dukosi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| eatron.com | 2017 | Warwick, United Kingdom | $15.06M | 28 | AI-enabled battery management and motion control systems are developed. | |
| ionenergy.co | 2016 | Mumbai, India | $6.16M | 102 | Battery intelligence platform for utility-scale energy storage systems is developed. | |
| zitara.com | 2019 | San Francisco, United States | $29M | 37 | Cloud-based and embedded battery management software is provided for optimization. | |
| electravehicles.com | 2015 | Boston, United States | $24.6M | 15 | Battery management systems for electric vehicles are developed and provided. | |
| dukosi.com | 2003 | Edinburgh, United Kingdom | $12.35M | 63 | Designs smart energy storage systems | |
| packetdigital.com | 2003 | Fargo, United States | $11.69M | 21 | Batteries for unmanned aerial vehicles are developed and patented. | |
| elementenergy.com | 2009 | Los Altos, United States | $101M | – | Cost-effective battery management systems for lithium packs are developed. | |
| wae.com | 2010 | Wantage, United Kingdom | – | 510 | Battery management systems for electric vehicles are provided. |
Detailed competitors of Lithium Balance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Lithium Balance
The website of Lithium Balance (lithiumbalance.com) receives about 2.6K visits a month.
- Monthly visits2.6K
▼ 21.1% vs previous month
Websites whose visitors overlap most with Lithium Balance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
gwl-power.tumblr.com | gwl-power.tumblr.com | 100% | – | – | – |
| evolveelectrics.com | 69% | – | #3,039,419 | View details |
Latest news on Lithium Balance
Complete news archive for Lithium Balance
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
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Similar companies to Lithium Balance
10 companies that operate in the same segment as Lithium Balance (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about Lithium Balance
Lithium Balance was founded in 2006.
Lithium Balance is headquartered in Herlev, Denmark.
Jeffrey Cote is the current CEO of Lithium Balance.
Lithium Balance is a funded company, having raised a total of $19.51M across 17 funding rounds to date. The company's 1st funding round was a Grant of $441.92K, raised on Mar 2006.
Lithium Balance has 1,324 employees.
Lithium Balance was founded in 2006 in Herlev, Denmark, with expertise in battery management systems for lithium-ion batteries. Systems are designed for applications including electric vehicles, buses, scooters, motorcycles, trucks, industrial machines, and wheelchairs. Flexible and cost-efficient solutions are offered for automotive, industrial, and stationary storage packs, supporting voltages from 12VDC to 1000VDC. Operations focus on innovation in the energy storage sector.
Lithium Balance offers n3-BMS, n-BMS, and c-BMS.
Lithium Balance has 4 investors. Key investors include Sensata, Orsted, European Union, and EIC Fund.
Lithium Balance operates through Lithium Balance A/S.
Yes. Lithium Balance was acquired by Sensata in February 2021.