# Piggycell

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

- Industry: Energy Storage & Batteries
- Headquarters: Seoul, South Korea
- Website: www.piggycell.io
- Total disclosed funding: $10M
- Latest round: Seed (Feb 15, 2025)
- Investors on record: 2

## About

Founded in 2019 and based in Seoul, South Korea, 100percent Co., Ltd, doing business as Piggycell operates as a company that integrates physical devices with blockchain to enhance charging infrastructure, providing innovative solutions for battery rental and decentralized management. Piggycell specializes in an ecosystem that combines blockchain technology with physical charging devices. The company has not undergone any notable pivots in its business strategy. Based in South Korea, Piggycell has raised a total of USD 10.00 mn through its Seed funding round in February 2025, with investments from Animoca Brands and Dfinity. The founder's history is not detailed in the available information. Piggycell's primary offerings revolve around an innovative ecosystem that merges physical devices with blockchain technology to enhance charging infrastructure ownership and management. The core products include Piggycell batteries, which are designed for rental, allowing users to earn rewards through their usage. This service not only addresses the need for accessible charging solutions but also promotes passive income opportunities for users who manage specific regions via NFTs. With a substantial presence in the market, Piggycell serves an extensive client base that includes everyday consumers and businesses who require charging solutions in South Korea and potentially international markets. The company operates over 13,000 Points of Installation (POI) with 100,000 deployed batteries and has garnered a user base of approximately 3 million individuals, effectively establishing a dominant position in the powerbank sharing sector.Piggycell generates revenue through a multifaceted transaction model that integrates user engagement with decentralized ownership. The company's revenue structure includes earnings from the rental fees associated with the use of Piggycell batteries and additional income from users who stake their NFTs to control specific regions. As clients utilize the charging batteries, they contribute to a transparent profit-sharing model, which incentivizes both the users and the company, fostering community engagement. The revenue framework extends to partnerships with local businesses and global partners who collaborate in expanding the network. Piggycell's offerings promote a user-centric approach, driving engagement and profitability through innovative solutions in the charging space.In February 2025, Piggycell raised USD 10.00 mn in Seed funding to expand its electric power charging infrastructure and ecosystem. The company aims to enhance its product offerings with new charging solutions designed for broader market access. Targeting expansion beyond South Korea, Piggycell plans to enter additional international markets by the end of 2025 to fortify its position in the powerbank sharing sector, leveraging the recent funding to support these strategic initiatives.

## Funding rounds

- Seed, Feb 15, 2025, $10M — Dfinity, Animoca Brands

## Investors

- Dfinity — Seed
- Animoca Brands (https://capitalatlas.ai/funds/animoca-brands) — Seed