# TerraLIX

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

- Industry: Hardware
- Headquarters: South Korea
- Website: www.terralix.com
- Total disclosed funding: $20M
- Latest round: Series B (Apr 20, 2022)
- Investors on record: 12

## About

Based in Buan, South Korea, and founded in 2019, TerraLIX CO., LTD. is providing PEM fuel cell power modules. In April 2022, the firm raised KRW 11 billion in series B funding from returning investor SJ Investment Partners and new investors DSC Investment, Ernest Ventures, Holistic Growth Initiative, K-Run Ventures, L&S Venture Capital, MegaInvestment, P&P Investment, Schmidt, and many more. As of 2022 company is headed by Taeyoung Kim as CEO.

The company offers air-cooled fuel cells namely HYCUS X1 which extend the driving time of mobility which is currently limited due to the battery. Additionally, the company also offers an air-cooled fuel cell stack. Furthermore, the company also offers water-cooled fuel cell and stack namely HYCUS T1, HYCUS X10, and HYCUS X20 for mobility and power generation. The company’s fuel cell technology has its application in flight, special vehicles like forklifts, cleaning trucks, garbage collection vehicles, generators, and hydrogen ships.


The investment will help TerraLIX CO., LTD. develop a water-cooled fuel cell system for power devices in vehicles and ships.

## Funding rounds

- Series B, Apr 20, 2022, $8.8M — Shinhan Venture Investment, DSC Investment, JB Investment, L&S Venture Capital, SJ Investment Partners, K-Run Ventures, Holistic Growth Initiative, Schmidt, PNP Investment, Tony Investment, Ernest Ventures
- Series B, Apr 20, 2022, $8.8M — Shinhan Venture Investment, DSC Investment, L&S Venture Capital, SJ Investment Partners, K-Run Ventures, Holistic Growth Initiative, PNP Investment, Tony Investment, Ernest Ventures
- Series A, Jan 12, 2021, $2.7M — WONIK Investment Partners, SJ Investment Partners

## Investors

- WONIK Investment Partners (https://capitalatlas.ai/funds/wonik-investment-partners) — Series A
- SJ Investment Partners (https://capitalatlas.ai/funds/sj-investment-partners) — Series A, Series B
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series B
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series B
- JB Investment (https://capitalatlas.ai/funds/jb-investment) — Series B
- L&S Venture Capital (https://capitalatlas.ai/funds/l-s-venture-capital) — Series B
- K-Run Ventures (https://capitalatlas.ai/funds/k-run-ventures) — Series B
- Holistic Growth Initiative (https://capitalatlas.ai/funds/holistic-growth-initiative) — Series B
- Schmidt (https://capitalatlas.ai/funds/schmidt) — Series B
- PNP Investment (https://capitalatlas.ai/funds/pnp-investment) — Series B
- Tony Investment (https://capitalatlas.ai/funds/tony-investment) — Series B
- Ernest Ventures — Series B