# H2

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/h2

- Industry: Energy Storage & Batteries
- Headquarters: Daejeon, South Korea
- Website: www.h2aec.com
- Total disclosed funding: $33M
- Latest round: Series C (Jan 5, 2023)
- Investors on record: 12

## About

Founded in 2010, and based in Daejeon, South Korea, H2, Inc. is an advanced energy storage company specializing in vanadium redox flow batteries used for large-scale and long-duration energy storage. The company develops and operates EnerFLOW, a vanadium redox flow battery energy storage system or ESS based on the company's own technology.In January 2025, H2, Inc. raised USD 16 million in venture funding led by new investor STIC Investments, with participation from other new investors KRUN Ventures and Lighthouse Combined Investment. H2, Inc. offers specialized research and production of redox flow battery energy storage systems (ESS). In particular, based on the EnerFLOW series model, its technology has both MWh-level productions installation performance. The company plans to utilize the January 2025 funding to build new, cutting-edge K2 Plant.

## Funding rounds

- Series C, Jan 5, 2023, $18M — Shinhan Asset Management, SKS, K-Growth, KT&G Corporation, Hana Securities, The Turning Point, Envisioning Partners
- Series B, Oct 27, 2021, $15M — SKS, E&Investment, NH Hedge Asset Management, Bithumb Investment, Be High Investment, Yellowdog, Envisioning Partners

## Investors

- SKS (https://capitalatlas.ai/funds/sks) — Series B, Series C
- E&Investment (https://capitalatlas.ai/funds/e-investment) — Series B
- NH Hedge Asset Management — Series B
- Bithumb Investment (https://capitalatlas.ai/funds/bithumb-investment) — Series B
- Be High Investment (https://capitalatlas.ai/funds/be-high-investment) — Series B
- Yellowdog (https://capitalatlas.ai/funds/yellowdog) — Series B
- Envisioning Partners (https://capitalatlas.ai/funds/envisioning-partners) — Series B, Series C
- Shinhan Asset Management (https://capitalatlas.ai/funds/shinhan-asset-management) — Series C
- K-Growth (https://capitalatlas.ai/funds/k-growth) — Series C
- KT&G Corporation — Series C
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series C
- The Turning Point (https://capitalatlas.ai/funds/the-turning-point) — Series C