# Pion Electric Co.

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

- Industry: Power & Utilities
- Headquarters: Seoul, South Korea
- Website: www.pionelectric.com
- Total disclosed funding: $9M
- Latest round: Series A (Jan 18, 2024)
- Investors on record: 5

## About

Founded in 2015 and based in Seoul, South Korea, Pion Electric Co., Ltd. operates as a developer of grid-forming technology  solutions used in superconductors and power systems. In January 2024, the firm raised KRW 11.8 billion in Series A funding led by investor Korea Development Bank, with participation from other investors L&S Venture Capital, KDB Capital, Korea Credit Guarantee Fund, and HYORIM E&I Corp.

The company offers power conversion devices developed using grid-forming technology. The firm product range includes grid-forming solar inverters.

## Funding rounds

- Series A, Jan 18, 2024, $9M — Korea Development Bank, KDB Capital, L&S Venture Capital, Korea Credit Guarantee Fund, HYORIM E&I Corp.

## Investors

- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A
- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Series A
- L&S Venture Capital (https://capitalatlas.ai/funds/l-s-venture-capital) — Series A
- Korea Credit Guarantee Fund — Series A
- HYORIM E&I Corp. — Series A