# Kobat

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

- Industry: Energy Storage & Batteries
- Headquarters: Busan, South Korea
- Website: www.kobat.co.kr
- Total disclosed funding: $7.4M
- Latest round: Series A (Apr 10, 2024)
- Investors on record: 7

## About

Founded in 2019, and based in Busan, South Korea, Kobat focuses on advanced battery solutions and automation technologies. In April 2024, Kobat raised KRW 10 billion in Series A funding from A-Stone Ventures, SBI Investment Korea, Banks Foundation for Young Entrepreneurs, KDB Capital, Shinhan Capital, Daishin Securities, and InterValue Partners.

The company's core product offerings include customized battery packs tailored for specific applications, automated guided vehicles (AGVs), unmanned aerial vehicles (UAVs), electric unmanned boats, power banks, serving robots, industrial robots, space launch vehicles, underwater drones, and ultra-compact electric vehicles. These products are designed to enhance efficiency and reliability across a diverse range of industries, including logistics, aerospace, marine, and consumer electronics. Kobat serves a client base that includes large enterprises in sectors such as manufacturing, logistics, and food service, with its products distributed across various international markets, including North America, Europe, and Asia. 

Kobat plans to leverage the recent Series A funding of KRW 10 billion raised on April 10, 2024, to enhance its product development and market expansion initiatives. The company aims to introduce new product lines, including advanced battery systems and state-of-the-art automated vehicles by the end of 2025. Furthermore, Kobat is targeting expansion into North America and Europe, with specific plans to establish a presence in these regions by 2026, thereby broadening its market reach and enhancing operational capabilities.

## Funding rounds

- Series A, Apr 10, 2024, $7.4M — SBI Investment Korea, KDB Capital, Shinhan Capital, Banks Foundation for Young Entrepreneurs, Daishin Securities, InterValue Partners, A-Stone Ventures

## Investors

- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series A
- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Series A
- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series A
- Banks Foundation for Young Entrepreneurs — Series A
- Daishin Securities — Series A
- InterValue Partners (https://capitalatlas.ai/funds/intervalue-partners) — Series A
- A-Stone Ventures (https://capitalatlas.ai/funds/a-stone-ventures) — Series A