About SK On
SK On is a company based in Seoul (South Korea) founded in 2021. SK On has raised $1.73 billion across 5 funding rounds from investors including Korea Investment Holdings, Al Ahli Capital and Hillhouse. SK On operates in a competitive market with competitors including Microvast, Contemporary Amperex Technology, Forsee Power, A123 Systems and Exponent Energy, among others.
- Headquarter Seoul, South Korea
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Phone
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Website
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Social
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- Legal Name Sk On Co., Ltd
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Annual Revenue
$9.88 M (USD)69as on Dec 31, 2023
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Net Profit
-$573.01 K (USD)30as on Dec 31, 2023
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EBITDA
-$1.65 M (USD)-7as on Dec 31, 2023
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Total Equity Funding
$1.73 B (USD)
in 5 rounds
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Latest Funding Round
$100 M (USD), Series E
Jul 11, 2023
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Investors
Korea Investment Holdings
& 4 more
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Employee Count
Not available
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Funding Insights of SK On
SK On has successfully raised a total of $1.73B across 5 strategic funding rounds. The most recent funding activity was a Series E round of $100 million completed in July 2023. 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 SK On
SK On has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Korea Investment Holdings, Al Ahli Capital and Hillhouse.
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Global private equity investments are managed with long-term focus.
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Investment holding firm established in Seoul in 2003.
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Investor details for SK On
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Investments & Acquisitions by SK On
Investment portfolio details for SK On
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Financial Statements - SK On
Detailed financials for SK On
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Sk On Comparisons
Peer comparison for SK On
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- Headcount comparison
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Competitors of SK On
SK On 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 Microvast, Contemporary Amperex Technology, Forsee Power, A123 Systems and Exponent Energy, among others.
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Lithium-ion batteries for multi-category electric vehicles are developed.
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Comprehensive solutions for electric vehicles and energy storage are provided.
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Lithium battery systems for electric vehicles and gadgets are manufactured.
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Lithium-ion batteries for automotive and industrial uses are manufactured.
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Rapid-charging technology for electric vehicles is developed and scaled.
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Solid-state lithium-ion batteries are developed with solid electrolyte layers.
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Detailed competitors of SK On
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Latest news on Sk On
Complete news archive for SK On
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Frequently Asked Questions about SK On
SK On was founded in 2021 and raised its 1st funding round 1 year after it was founded.
SK On is headquartered in Seoul, South Korea.
Jee Dong Seob is the current CEO of SK On.
SK On is a funded company, having raised a total of $1.73B across 5 funding rounds to date.
Annual revenue of SK On is $9.88M as on Dec 31, 2023.
Provider of electrical vehicle battery. It develops high-nickel technology based batteries for EVs, PHEV, HEV, and more.
SK On's top competitors include Microvast, Solid Power and Exponent Energy.
SK On has 5 investors. Key investors include Korea Investment Holdings, Al Ahli Capital, Hillhouse, MBK Partners, and EastBridge Partners.