About SK On
SK On is a Transportation, Automotive & Logistics company based in Seoul (South Korea) founded in 2021. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. SK On has raised $1.73 billion across 5 funding rounds from investors including Korea Investment Holdings, Al Ahli Capital and Hillhouse. Its chief executive, as recorded, is Jee Dong Seob. Its website sk-on.com draws about 33 thousand monthly visits. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Secondary Battery. Its legal entity is SK ON CO., LTD.
Company details
Provider of electrical vehicle battery. It develops high-nickel technology based batteries for EVs, PHEV, HEV, and more.
- Annual Revenue$9.88 M (USD)69as on Dec 31, 2023
- Net Profit-$573.01 K (USD)30as on Dec 31, 2023
- EBITDA-$1.65 M (USD)-7as on Dec 31, 2023
- Total Equity Funding$1.73B (USD)
in 5 rounds
- Latest Funding Round$100M (USD), Series E
Jul 2023
- InvestorsKorea Investment Holdings
& 4 more
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.
- Total Funding $1.73B
- Total Rounds 5
- Last Round Series E — $100M
- Investors Count 5
All 5 funding rounds of SK On 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 |
|---|---|---|---|---|---|
| Jul 2023 | $100M | Series E | – | – | |
| Jun 2023 | $400M | Series E | – | – | |
| May 2023 | $944M | Series E | – | MBK Partners | – |
| Mar 2023 | $289.29M | Series D | – | Korea Investment Holdings | – |
| Aug 2022 | Series C | – | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global private equity investments are managed with long-term focus. | hillhouseinvestment.com | New York, United States | ||
| mbkpartnerslp.com | ||||
Investment holding firm established in Seoul in 2003. | 2003 | koreainvestment.com | Seoul, South Korea | |
EastBridge Partners is focused on mid-market private equity investments. | 2011 | eastbridge.asia | Seoul, Korea | |
Financial services are provided by Al Ahli Capital in Saudi Arabia. | 1953 | alahlicapital.com | Riyadh, Saudi Arabia |
Investor details for SK On
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of SK On
1 people are tracked at SK On (1 in leadership).
| Name | Role | Group |
|---|---|---|
Jee Dong Seob | CEO | Leadership |
Complete people profiles for SK On
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of SK On
3 dated milestones of SK On across 2 years, from founding to its latest funding, stage changes and deals.
- Founded SK On is founded.
- Funding First funding round.
- Funding Latest funding round, Series E, of $100.0M.
Web traffic of SK On
The website of SK On (sk-on.com) receives about 33K visits a month and ranks #1,188,169 among all websites worldwide, #2,608 in Makes and Models.
- Monthly visits33K
▲ 34.2% vs previous month
- Unique visitors10.7K
per month
- Global rank#1,188,169
among all websites
- Category rank#2,608
Vehicles · Makes and Models
- Bounce rate40%
- Pages per visit1.7
- Average visit34 sec
- DevicesDesktop 39% · Mobile 61%
Websites whose visitors overlap most with SK On. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| thelec.kr | 100% | #95,580 | View details | ||
econmingle.com | econmingle.com | 95% | #1,247,377 | – | |
poscofuturem.com | poscofuturem.com | 86% | #1,023,612 | – | |
global-autonews.com | global-autonews.com | 55% | #2,904,899 | – | |
dailycar.co.kr | dailycar.co.kr | 48% | #407,488 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for SK On
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- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about 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 CEO of SK On, as recorded in our data.
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 has 5 investors. Key investors include Korea Investment Holdings, Al Ahli Capital, Hillhouse, MBK Partners, and EastBridge Partners.
SK On operates through Sk On Co., Ltd.