# Lillem

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

- Industry: Energy Storage & Batteries
- Headquarters: Hwaseong, South Korea
- Website: www.lillem.co.kr/
- Latest round: Seed (Oct 28, 2022)
- Investors on record: 1

## About

Founded in 2017 and based in Hwaseong, South Korea, Lilm Co., Ltd., dba Lillem, operates as a manufacturer of batteries. In April 2024, Lillem raised KRW 10 billion in venture funding from SJ Investment Partners, Korea Investment Partners, Time Folio Asset Management, POSCO Capital, Shinhan Venture Investment, and L&S Venture Capital. As of 2024, the company is led by its CEO, Park Seong-min.

The company’s core business area revolves around the production of current collectors for secondary batteries. The firm develops a method for manufacturing current collectors that ensures optimal performance and longevity of batteries. Lillem’s process focuses on preventing electrochemical changes and corrosion while enhancing electrical conductivity and bonding strength.

The organization plans to use the April 2024 funding to support its operating costs and build a mass production line.

## Funding rounds

- Seed, Oct 28, 2022 — L&S Venture Capital

## Investors

- L&S Venture Capital (https://capitalatlas.ai/funds/l-s-venture-capital) — Seed