# CTNS Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ctns-co

- Industry: Energy Storage & Batteries
- Headquarters: Changwon-si, South Korea
- Website: www.myctns.com/
- Latest round: Series A (Nov 30, 2023)
- Investors on record: 6

## About

Based in Changwon, South Korea, and founded in 2017, CTNS Co., Ltd. supplies secondary battery packs and BMS or Battery Management System applied to agricultural machinery, serving robots, logistics AGVs, electric mobility, monorails, and drones. In 2018, the company opened an online store, established an affiliated research institute and registered a design company in 2019, and recruited 25 RM Power battery packs manufacturing and repair agencies and networks in 2020. In November 2023, CTNS Co., Ltd. raised an undisclosed amount of series A funding from Golden Oak Ventures and Lighthouse Combined Investment.

The company operates RAYNORS MAKERS, a technology collaboration platform that contributes to the development of the H/W technology startup ecosystem, RM Power, a rechargeable battery pack and EV mobility technology brand, and Watcher Club, an e-commerce shopping mall.

CTNS Co., Ltd. is developing future food products such as consumer power stations and battery packaging automation equipment in collaboration with various universities and institutions and intends to manufacture an in-wheel motor-based EV powertrain platform that can be used in the manufacture of various electric vehicles.

## Funding rounds

- Series A, Nov 30, 2023 — Lighthouse Combined Investment, Series Ventures, Golden Oak Ventures
- Seed, Oct 15, 2021 — CNTTech, Ulsan Creative Economy Innovation Center, Series Ventures, The Ventures

## Investors

- CNTTech — Seed
- Ulsan Creative Economy Innovation Center (https://capitalatlas.ai/funds/ulsan-creative-economy-innovation-center) — Seed
- Series Ventures (https://capitalatlas.ai/funds/series-ventures) — Seed, Series A
- The Ventures (https://capitalatlas.ai/funds/the-ventures) — Seed
- Lighthouse Combined Investment (https://capitalatlas.ai/funds/lighthouse-combined-investment) — Series A
- Golden Oak Ventures (https://capitalatlas.ai/funds/golden-oak-ventures) — Series A