# ENFLOW Co.

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

- Industry: Energy Storage & Batteries
- Headquarters: Suwon, South Korea
- Website: www.enflow.co.kr
- Total disclosed funding: $5.5M
- Latest round: Series A (Jul 31, 2023)
- Investors on record: 5

## About

Based in Suwon, South Korea, and founded in 2021, ENFLOW Co., Ltd. operates as an energy storage and batteries that manufactures core materials used in the development of solid-state batteries. In July 2023, ENFLOW Co., Ltd. raised KRW 7 billion in series A funding from AJU IB Investment, Lake Materials Co., Ltd., LB Investment, and Smilegate Investment, with participation from BA Investment. As of August 2023, Ryu Gwang-Hyun is the Chief Executive Officer (CEO) of the company. ENFLOW Co., Ltd. is a firm that develops all-solid-state batteries in response to the increasing environmental harm caused by fossil fuels by advancing the development of next-generation secondary batteries. This rapid progress enables people to reduce their energy and protect the environment for the future. The company plans to use the July 2023 funding to increase production capacity through facility expansions.

## Funding rounds

- Series A, Jul 31, 2023, $5.5M — AJU IB Investment, LB Investment, Smilegate Investment, BA Investment, Lake Materials Co., Ltd.

## Investors

- AJU IB Investment (https://capitalatlas.ai/funds/aju-ib-investment) — Series A
- LB Investment (https://capitalatlas.ai/funds/lb-investment) — Series A
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A
- BA Investment — Series A
- Lake Materials Co., Ltd. — Series A