# DESTIN POWER

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/destin-power

- Headquarters: South Korea
- Website: www.destinpower.com/
- Total disclosed funding: $5.9M
- Latest round: Series C (Sep 29, 2018)
- Investors on record: 5

## About

Destin Power Inc. specializes in advanced power conversion technologies, providing innovative solutions like Energy Storage Systems and hydrogen power conversion systems to enhance energy efficiency in diverse applications.Founded in 2012 in South Korea, Destin Power Inc. focuses on delivering advanced power conversion solutions. The company's founder, Seong-jin Oh, has a notable history in the energy sector. Destin Power has successfully completed four deals, with the latest funding round being a Pre-IPO in January 2026, raising KRW 10.5 billion from investors including HB Investment and Medici Investment. Their total amount raised to date is KRW 10.5 billion, leading to a current valuation of KRW 60 billion.Destin Power specializes in advanced power conversion technologies, offering products such as Energy Storage Systems (ESS), bidirectional power conversion systems, high-availability power quality systems, and hydrogen solution power conversion systems. Their offerings aim to improve energy efficiency and reliability across various applications, particularly in renewable energy integration, electric vehicle charging, and hydrogen fuel cell systems. The company serves a global client base, actively participating in significant projects throughout Asia, Europe, and North America.Destin Power generates revenue through direct sales of its power conversion products and solutions, focusing on business-to-business clients in the energy sector. The company typically engages in long-term contracts with clients, including major corporations and government entities, for bulk orders of customized solutions. Key products such as the SAVEEN ESS power control system and the STABLEEN power quality system represent substantial revenue streams, ensuring ongoing support and maintenance that contribute to a stable income flow from recurring orders and service agreements.In January 2026, Destin Power raised KRW 10.5 billion in PRE-IPO funding, which will be utilized to support their IPO initiatives planned for the latter half of the year. The company is also focused on the design and launch of new products, although specific release dates have not been disclosed. Furthermore, Destin Power aims to expand its market presence in specific regions, including Asia and Europe, to capitalize on growing opportunities in the energy sector.

## Funding rounds

- Series C, Sep 29, 2018, $5.9M — Korea Development Bank, Samsung Venture Investment, HB Investment, Kolon Investment, Medici Investment

## Investors

- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series C
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series C
- HB Investment (https://capitalatlas.ai/funds/hb-investment) — Series C
- Kolon Investment (https://capitalatlas.ai/funds/kolon-investment) — Series C
- Medici Investment (https://capitalatlas.ai/funds/medici-investment) — Series C