# MinTech Co.

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

- Industry: Energy Storage & Batteries
- Headquarters: Daejeon, South Korea
- Website: www.g-mintech.co.kr
- Total disclosed funding: $17M
- Latest round: Series B (Dec 13, 2021)
- Investors on record: 7

## About

Based in Daejeon, South Korea, and founded in 2015, MinTech Co., Ltd. operates as a manufacturer of batteries, chargers, and dischargers, and develops battery inspection diagnostic solutions. As of 2023, the company Is led by Young Hong. In December 2021, MinTech Co., Ltd. raised KRW 15 billion in series B funding from GS Energy, ISquare Ventures, KB Investment, and Korea Investment Partners. The company has two power system research centers in Dongtan-aero and Hwaseong-si (Yeongcheon-dong). 

The company offers various products and solutions, including battery inspection diagnosis, an impedance-integrated chemical process, reusable battery ESS, an electric vehicle battery discharger, and data-driven battery diagnostics. The company focuses on developing battery testing equipment and storage services to revive the battery reuse industry and promote a circular economy. It also engages in utilizing electrochemical analysis to evaluate battery suitability for reuse and implements a specialized diagnostic system for electric vehicle batteries. This enables accurate management of battery performance and lifecycle.

The company will use the funding to secure professional manpower and expand facility investment. In particular, Mintech is developing the 3rd generation diagnostic technology and system using EIS-based diagnostic technology and algorithms, which are core technologies.

## Funding rounds

- Series B, Dec 13, 2021, $13M — KB Investment, Atinum Investment, Korea Investment Partners, Mirae Asset Venture Investment, Albatross Investment, GS Energy, Ecopro Partners
- Series A, Sep 23, 2020, $3.9M — Atinum Investment, Mirae Asset Venture Investment, Albatross Investment

## Investors

- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series A, Series B
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series A, Series B
- Albatross Investment (https://capitalatlas.ai/funds/albatross-investment) — Series A, Series B
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series B
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B
- GS Energy — Series B
- Ecopro Partners (https://capitalatlas.ai/funds/ecopro-partners) — Series B