# Grinergy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grinergy

- Industry: Energy Storage & Batteries
- Headquarters: Seoul, South Korea
- Website: www.grinergy.co.kr
- Total disclosed funding: $8.4M
- Latest round: Series A (Nov 18, 2021)
- Investors on record: 4

## About

Founded in 2017 and based in Seoul, South Korea, GRINERGY operates as a manufacturer of lithium-ion rechargeable batteries designed to replace lead-acid batteries in automobiles. In November 2021, GRINERGY raised KRW 10 billion in Series A funding from new investors KB Investment, Hana Securities, WELCOME CAPITAL, and SL Investment. As of March 2023, the firm has offices in Finland, South Korea (HQ), and the US. 

The company mass-produces pouch-type LTO batteries that have applications in various industries including trains, trams, military vehicles, smart robots, electric hybrid vehicles, electric vessels, and energy storage systems. The batteries offered by the firm have a longer battery life, offer fast charging, are fire-proof, and offer low-temperature charging.

The company intends to use the November 2021 funding to accelerate the development of its all-solid-state batteries.

## Funding rounds

- Series A, Nov 18, 2021, $8.4M — KB Investment, SL Investment, Hana Securities, Welcome Capital

## Investors

- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series A
- SL Investment (https://capitalatlas.ai/funds/sl-investment) — Series A
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series A
- Welcome Capital — Series A