# CONNEXX SYSTEMS Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/connexx-systems

- Industry: Energy Storage & Batteries
- Headquarters: Japan
- Website: www.connexxsys.com
- Total disclosed funding: $14M
- Latest round: Series E (Jun 18, 2020)
- Investors on record: 9

## About

Based in Japan, CONNEXX SYSTEMS Corporation specializes in advanced storage battery technology and energy storage solutions, aiming to meet the energy demands of today and the future.Founded in 2011, CONNEXX SYSTEMS Corporation operates from Soraku-gun, Japan, focusing on the manufacturing and R&D of innovative energy storage systems. The company has completed 8 deals, with the most recent being a Series E funding round in March 2023, raising JPY 330 million from Kaga Electronics Co., Ltd. This funding supports the development of unique power storage technologies that can reshape future energy systems.CONNEXX SYSTEMS specializes in the manufacturing and research and development of next-generation storage batteries and energy storage systems. Their core product offerings include BIND Battery®, HYPER Battery™, SHUTTLE Battery™, and various industrial energy storage systems such as the BLP® and LUVIS™ models. These products are designed to provide reliable energy storage solutions that connect today’s energy needs with future demands, contributing to a safer and sustainable energy society. They serve a diverse clientele that includes industries requiring large-scale energy storage, emergency backup power solutions, and rapid charging and discharging applications, with a focus on international markets.The revenue structure of CONNEXX SYSTEMS is based on direct sales and partnerships with various clients in industrial sectors. The company engages in transactions involving large-scale energy storage solutions, typically arranged through B2B partnerships or direct sales to enterprise customers. Their flagship products, such as the BIND Battery® and LUVIS® systems, are available through contracts that outline specific delivery timelines and service agreements, ensuring tailored solutions for each client. The company focuses on long-term contracts with clients, which facilitates steady revenue streams through ongoing service agreements and product sales. Specific pricing plans for individual products and services remain proprietary to the company and are established based on client requirements and project scopes.In March 2023, CONNEXX SYSTEMS Corporation raised JPY 330 million in Series E funding from Kaga Electronics Co., Ltd. This funding aims to accelerate the development of unique and innovative power storage technology, which is critical for transforming future energy systems. The company plans to launch new advancements in storage battery technology and expand its market presence in key international regions. Specific timelines for these initiatives are yet to be disclosed.

## Funding rounds

- Series E, Jun 18, 2020, $0.3M — JMTC Capital
- Series D, Jul 27, 2018, $9M — Eight Roads Ventures, Mizuho Capital, Senshu Ikeda Capital, Kyoto University Innovation Capital, ASIA RISING STAR INVESTMENT
- Series C, Mar 10, 2017, $4.6M — Daiwa Corporate Investment, MIRAIDOOR, Kyoto University Innovation Capital, Kyoto Capital Partners

## Investors

- Daiwa Corporate Investment (https://capitalatlas.ai/funds/daiwa-corporate-investment) — Series C
- MIRAIDOOR (https://capitalatlas.ai/funds/miraidoor) — Series C
- Kyoto University Innovation Capital (https://capitalatlas.ai/funds/kyoto-university-innovation-capital) — Series C, Series D
- Kyoto Capital Partners (https://capitalatlas.ai/funds/kyoto-capital-partners) — Series C
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series D
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series D
- Senshu Ikeda Capital (https://capitalatlas.ai/funds/senshu-ikeda-capital) — Series D
- ASIA RISING STAR INVESTMENT — Series D
- JMTC Capital (https://capitalatlas.ai/funds/jmtc-capital) — Series E