About POEN
POEN is a company based in Uiwang-si (South Korea) 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.
- Headquarter Uiwang-si, South Korea
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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
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- 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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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.
| 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 |
Investments & Acquisitions by POEN
Financial Statements - POEN
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.
| 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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Frequently Asked Questions about POEN
POEN was founded in 2019 and raised its 1st funding round 1 year after it was founded.
POEN is headquartered in Uiwang-si, South Korea. It is registered at Uiwang-si, Gyeonggi Province, South Korea.
SungJin Choi is the current CEO of POEN.
POEN is a funded company, having raised a total of $28M across 3 funding rounds to date.
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.
POEN's top competitors include Lohum, Microvast and Solid Power.
POEN has 12 investors. Key investors include DSC Investment, Hyundai Marine & Fire Insurance, SJ Investment Partners, L&S Venture Capital, and K2 Investment Partners.