About POEN
POEN is a company founded in 2019.. POEN has raised $28 million across 3 funding rounds from investors including DSC Investment, Hyundai Marine & Fire Insurance and SJ Investment Partners. POEN operates in a competitive market with competitors including Lohum, Microvast, Contemporary Amperex Technology, Forsee Power and A123 Systems, among others.
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities Environment
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Poen Co., Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28 M (USD)
in 3 rounds
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Latest Funding Round
$28 M (USD), Series B
Jul 09, 2024
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Investors
DSC Investment
& 11 more
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Employee Count
Employee Count
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Funding Insights of POEN
POEN has successfully raised a total of $28M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $28 million completed in July 2024. 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 Total Funding
- Total Rounds 3
- Last Round Series B — $28.0M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2024 | Amount | Series B - POEN | Valuation | DSC Investment , SJ Investment Partners | |
| Jun, 2021 | Amount | Series A - POEN | Valuation |
investors |
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| Jun, 2020 | Amount | Seed - POEN | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in POEN
POEN has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include DSC Investment, Hyundai Marine & Fire Insurance and SJ Investment Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital is invested primarily in South Korean startups.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Multiple stage sector-agnostic VC firm investing in geographies such as Israel and South Korea
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by POEN
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - POEN
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Poen Comparisons
Competitors of POEN
POEN 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 Lohum, Microvast, Contemporary Amperex Technology, Forsee Power and A123 Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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| domain | founded_year | HQ Location |
Lithium-ion batteries for multi-category electric vehicles are developed.
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| domain | founded_year | HQ Location |
Comprehensive solutions for electric vehicles and energy storage are provided.
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| domain | founded_year | HQ Location |
Lithium battery systems for electric vehicles and gadgets are manufactured.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Rapid-charging technology for electric vehicles is developed and scaled.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Poen
Frequently Asked Questions about POEN
When was POEN founded?
POEN was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Who is the current CEO of POEN?
SungJin Choi is the current CEO of POEN.
Is POEN a funded company?
POEN is a funded company, having raised a total of $28M across 3 funding rounds to date.
What does POEN do?
POEN was founded in 2019 as a manufacturer in the battery sector. Discarded and used batteries are repurposed for new production, with operations centered on remanufacturing, secondary reuse, and residual value assessment. The company focuses on sustainable practices in battery lifecycle management, though specific geographic details are not specified. Leadership is provided by CEO SungJin Choi.
Who are the top competitors of POEN?
POEN's top competitors include Lohum, Microvast and Solid Power.
Who are POEN's investors?
POEN has 12 investors. Key investors include DSC Investment, Hyundai Marine & Fire Insurance, SJ Investment Partners, L&S Venture Capital, and K2 Investment Partners.