Tracxn - Energy Storage Startup Landscape

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Energy Storage - Feb 2019
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
TAKE SHARPER DECISIONS
WITH TRACXN
✓ Analyst team Covering 250+ Sectors
✓ Proprietary Business Model tagging
✓ 6000+ On-demand Queries answered
✓ Sector Reports, Market Maps
✓ One-Click Connect with Founders
Join 500+ Investors & Corporates to get the
Tracxn Advantage

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on February 26, 2019.
Energy Storage Feed Summary
4
Energy Storage > Feed Summary
Companies which are manufacturing and developing various forms of cells and batteries in different chemical forms or terrestrial forms,
for multiple purposes in Homes, Industries, Marine, Military, Aerospace, Renewable Energy and other C&I purpose.
• Inclusions: Manufacturers and Developers of primary
and secondary (re-chargeable) batteries. Companies
which utilize these batteries to create large energy storage
systems for use in either grid connected operations or
behind-the-meter (domestic/industrial) use. We also
cover companies which enable access to the charging
infrastructure such as manufacturers of powerbanks,
wireless charging solutions, battery swapping services.
Applications enabling these are a part of the feed.
• Exclusions: Any online multi-brand reseller of the
aforementioned products and services have been
excluded. Apart from NGOs and Not for Profit entities.
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$11.4B
Funding
93
Mega
Companies
5651576
FundedCovered on
Tracxn
4
Unicorns
33
Soonicorns
53
Minicorns
89
IPO’d Cos
259
Late Stage Cos
89
100
Acquisitions
74
DeadPooled
-
Acquihired
Series A+ Cos
EVgo
(2010, Houston)
Ather Energy
(2013, Bangalore, $65.3M)
Electrify America
(2016, Auburn Hills)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Energy Storage
5
$793M - Series C
Farasis (2002, Hayward, $793M)
$82M - Series G
ChargePoint (2007, Campbell, $529M)
$400M - PE
Microvast (2006, Stafford, $430M)
$70.7M - Series D
Sonnenbatterie (2010, $168M)
$300M - Series C
Gogoro (2011, Taipei, $480M)
$70M - Series D
Sila Nanotechnologies (2011, Alameda,
$125M)
$240M - Series H
$65M - Series C
Ionic Materials (2012, Woburn, $65M)
$100M - Series C
QuantumScape (2010, San Jose, $100M)
$64.6M - Series B
Forsee Power (2011, Paris, $64.6M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Energy Storage > Feed Summary > Investment Trend Summary
Seed Demeter (#2), HTGF (#2), Fraunhofer Venture (#2)
Series A/B Intel Capital (#3), Zouk Capital (#3), InnoEnergy (#2)
Series C+ Samsung Venture Investment (#2), GIC (#2), Kleiner Perkins (#1)
Incubators
Plug and Play Tech Center (#14), Climate KIC (#11),
MassChallenge (#7)
Other Notable
Investors
Department of Energy (#11), UK Government (#7), ATEL Capital
Group (#5)
Debt Investors
Hercules Capital (#4), Idinvest Partners (#3), Apollo Investment
Corporation (#2)
Most Active InvestorsRecent Investments
141
103
136
98
51
1
2014 2015 2016 2017 2018 2019*
Y-o-Y # of Companies Founded 84 88 93 88 101 14
$6.7B
$3.2B
$511M
$149M
$92.3M
US
Europe
Taiwan
Israel
Canada
$ Funding
$1.5B
$785M
$1.3B $1.3B
$1.9B
$104M
2014 2015 2016 2017 2018 2019*
$ Funding # Rounds

Summary of exit outlook in Energy Storage
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Herald Investment
Management
4
ITMPower (2004, Sheffield, $16.6M)
Ilika (2004, Chilworth, $8M)
Kleiner Perkins 3
Bloom Energy (2001, Sunnyvale, $1.2B)
Braemar Energy
Ventures
3
Ballard Power Systems (1979, Burnaby)
Carbon Trust 2
Ceres Power (2001, Horsham, $533k)
Fouriertransform 2
PowerCell (2008, Gothenburg, $35.5M)
Alelion Energy Systems (2006, Moelndal)
Feb 2019 Maxwell Technologies Acq by Tesla for $218M
Jan 2019 CENAT New Energy Group for $157M
Oct 2018 Kokam Acq by SolarEdge for $88M
Mar 2018 GKN Driveline Acq by Melrose for $11.9B
May 2016 Saft Acq by Total for $1.1B
Oct 2015 Sakti3 Acq by Dyson for $90M
Energy Storage > Feed Summary > Exit Outlook Summary
Shell Global 3
NewMotion (Oct 2017), Sonnenbatterie (Feb 2019),
Greenlots (Jan 2019)
Car Charging
Group
3
Blink (Oct 2013, $3.3M), Beam Charging (Feb 2013),
350Green (May 2013)
Engie 2 EVBox (Mar 2017), EV-Box (Mar 2017)
Daimler 2 Li-Tec (Apr 2014), NuCellSys (May 2009)
BASF 2 Pemeas (Dec 2006), EnerG2 (Jun 2016)
Recent IPOs Top Acquisitions
VARTA Oct 2017
Manufacturer of lithium-ion storage syste…
IPO MCap: $788M
Voltabox Oct 2017
Manufacturer of Li-ion based battery mana…
IPO MCap: $449M
Signet Systems Aug 2017
EV charging stations
IPO MCap: -
Alelion Energy Systems Jun 2016
Lithium Ion battery manufacturer
IPO MCap: -
Bloom Energy Jul 2018
Builds solid oxide fuel cell technology
IPO MCap: $1.6B
Akasol Jun 2018
Lithium based battery manufacturers
IPO MCap: $340M
1414 Degrees Apr 2018
Thermal energy storage system developer
IPO MCap: -
Alfen Mar 2018
Transformer stations, Micro grid and EV c…
IPO MCap: $105M

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.
FACTSHEET
Feed Report - Energy Storage - Feb 2019
Overview
Companies 1576
Funded 565 Series A+ 259
Funding $11.4B Last 2 yrs $3.6B
Most Active Investors
Seed Demeter (2)
Series A/B Intel Capital (3)
Series C+ Samsung Venture Investment (2)
Others Department of Energy (11)
Incubators Plug and Play Tech Center (14)
Top Cities
Bay Area 101 Cos $3.4B
Martigny-ville 1 Cos $1.7B
Feed in Numbers
Unicorns 4 Soonicorns 33
Minicorns 53 Editor Picks 237
Acquihired - Deadpooled 74
Top Companies
Electrify
America
(2016, Auburn Hills)
EVgo (2010, Houston)
Ather Energy (2013, Bangalore, $65.3M)
Exits
IPOs 89 Bloom Energy, VARTA
Acquisitions 100 GKN Driveline, Saft
Top Acquirers Shell Global, Car Charging
Group
Marketmap: Energy Storage
CHARGING SOLUTIONS
AUTOMOTIVE
PLUG-IN
WIRELESS*
CHARGING NETWORK*
BATTERY MANAGEMENT
BATTERY MANAGEMENT SYSTEMS
DERMS*
CONSUMER & ELECTRONICS
WIRELESS*
ENERGY STORAGE SYSTEM
FUEL CELL SYSTEMSBEHIND-THE-METER
GRID STORAGE*
ENERGY STORAGE PRODUCTS
BATTERIES
LITHIUM-ION
LEAD ACID
SUPERCAPACITORS*
COMPONENT DEVELOPERS
BATTERY
FUEL CELLS
FUEL CELLS
SOLID OXIDE*
Energy Storage > Feed Summary > BlueBox
* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds.
Excludes all details for Chinese companies.
7

Key Sub Sectors in Energy Storage Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Battery > Secondary Battery >
Lithium Ion 230 $834M 12
Charging > Station Network >
Operators 89 $420M 13
Charging > Wireless > Inductive >
Electronics 93 $104M 19
Battery > Secondary Battery > Lithium Ion
>
Solid
19 $150M 7
Energy Storage System > Lithium Ion >
Commercial >
Automotive
19 $423M 5
Energy Storage System > Lithium Ion >
Commercial 70 $77.3M 10
Energy Storage System > Redox Flow >
Commercial 20 $101M 7
Battery > Secondary Battery >
Zinc 17 $38.7M 9
Charging > Plug-in >
Electric Vehicle 133 $32.1M 9
Energy Storage System >
Thermal 35 $75.2M 4
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Energy Storage System
Companies providing energy storage system for
various applications
394 159 $4.2B
Battery
Companies involved in manufacturing batteries,
providing components, battery management,...
497 175 $3.2B
Fuel Cell
Companies providing fuel cells for generating
electricity and heat
140 64 $1.9B
Charging
Companies developing and providing charging
solutions
439 120 $1.8B
Ultracapacitor
Companies developing and providing ultracapacitors
40 21 $122M
Hydrogen Refueling
Companies providing multiple hydrogen refueling
solutions
51 20 $97.6M
Advanced Materials
Companies developing and providing advanced
materials for batteries, ultracapacitors,...
13 5 $19.2M
Energy Storage > Feed Summary > Summary of Key Markets

List of Notable Companies in Energy Storage
Notable Companies in the Sector (1/3)
9
Note: *(Founded Year, Location, Total Funding)
Energy Storage > Feed Summary > Notable Companies in the Sector
Public
Delphi Automotive
(1994, Gillingham)*
Bloom Energy
(2001, Sunnyvale, $1.2B)
Intelligent Energy
(2001, Loughborough, $213M)
VARTA
(1887)
Polypore
(1966, Charlotte)
Active Power
(1996, Sidmouth)
Plug Power
(1997, Latham)
Voltabox
(2014, Delbruck)
Hydrogenics
(1996, Mississauga)
SFC Energy
(2000, Brunnthal)
Public
Akasol
(2007, Darmstadt)
REDT Energy
(1989, London, $6M)
Ceres Power
(2001, Horsham, $533k)
Alfen
(1937, Almere)
Energous
(2012, San Jose, $5.5M)
Ceramic Fuel Cells
(1992, Melbourne)
Redflow
(2005, Brisbane)
McPhy Energy
(2008, Grenoble, $32.3M)
PNE Solution
(2004, Suwon-si)
LeeChem
(2008, Daema-myeon)
Public
DBT
(1990, Brebieres, $7.1M)
Ilika
(2004, Chilworth, $8M)
CIS
(2002, Daegu)
Novonix
(2012, Brisbane)
UltraCharge
(2016, Haifa)
Vitzro Cell
(2002, Seoul)
EEStor
(2001, Toronto, $3M)
FuelCell Energy
(1969, Danbury, $65M)
PowerCell
(2008, Gothenburg, $35.5M)
E-One Moli Energy
(1998, Taipei, $31M)
Public
Blink Charging
(2009, San Jose, $22.9M)
SaltX Technology
(2001, Stockholm, $16.6M)
ITMPower
(2004, Sheffield, $16.6M)
Canadian Solar
(2001, Guelph, $10M)
Eguana Technologies
(1999, Calgary, $8.5M)
NanoOne
(2014, Vancouver, $6.7M)
Dais Analytic
(1993, Odessa, $5.8M)
Envision Solar
(2006, San Diego, $4.6M)
HydroPhi
(2008, Atlanta, $3.6M)
mPhase Technologies
(1996, Clifton, $1.7M)
Public
Trulite
(2002, Columbia, $1.2M)
Flux Power
(2009, Vista)
Leclanche
(1909, Yverdon-les-bains)
NRG Energy
(1989, Princeton)
1414 Degrees
(2009, Adelaide)
BioSolar
(2004, Santa Clarita)
CellCube
(1986, Toronto)
Dominovas Energy
(2014, Atlanta)
Electrovaya
(1997, Mississauga)
EnSync
(1986, Menomonee Falls)

10
Public
iQ Power Licensing
(1999, Chemnitz)
Johnson Controls
(1885, Milwaukee)
L&F
(2000, Daegu)
Leo Motors
(2007, Seoul)
Lithium Technologies
(1996, Fairfax)
Nel Hydrogen
(1927, Oslo)
Northvolt
(2015, Stockholm)
O2Micro
(1995, George Town)
Saint Jean Carbon
(1997, Calgary)
Samsung SDI
(1970, Yongin)
Public
STL Technology
(1967, Kaohsiung City)
Valence
(1989, Austin)
Vina Tech
(1999, Jeonju)
Altairnano
(1973, Reno)
CAEC
(1997, Taichung)
Fortune
(1995, Taipei)
J-Tek
(2002, Hsinchu)
Synergy ScienTech
Corporation
(1997, Hsinchu)
Tanaka Chemical
Corporation
(1956, Fukui-shi)
Public
AFC Energy
(2006, Cranleigh)
Aleees
(2005, Taoyuan City)
Alelion Energy Systems
(2006, Moelndal)
Amrita Technologies
(2000, Taoyuan City)
Ballard Power Systems
(1979, Burnaby)
Balqon
(2005, Los Angeles)
Beacon Power
(1997, Tyngsboro)
Bolloré
(1822, Puteaux)
Enable IPC
(2005, Madison)
Gildemeister Energy
Solutions
(1996, Wurzburg)
Public
GreenChek Technology
(2008, San Francisco)
HyperSolar
(2009, Santa Barbara)
JNS Holdings
(1983, Wheeling)
Kodi-S
(1999, Yongin)
Nesscap
(2000, Yongin)
Signet Systems
(1998, Daema-myeon)
Simplo Technology
(1992, Hsinchu)
Acquired
GKN Driveline
(1759, Redditch)
Saft
(1913, Bagnolet)
Maxwell Technologies
(1965, San Diego)
CENAT New Energy
Group
(2010, Chiyoda-ku)
Microporous
(1934, Piney Flats, $23M)

11
Unicorns
ChargePoint
(2007, Campbell, $529M)
QuantumScape
(2010, San Jose, $100M)

List of Notable Companies by Market in Energy Storage
Notable Companies by Market (1/14)
13
Energy Storage > Feed Summary > Notable Companies by Market
Lithium Ion
Fast-charging battery systems
Soonicorn. Stage: Funded
CDH Investments, National Venture Capital
Association, SDIC Venture Capital and 2 Other
Investors
Manufacturer of lithium energy storage systems
Soonicorn. Stage: Acquired
Shell Global, Envision Energy, GE Ventures and 4
Other Investors
CODA Energy (2013, Monrovia, $76M)
Lithium based energy storage systems
Fortress Investment, Harbinger Capital Partners,
Riverstone
Lithium Ion
Smart electric scooters for India
Soonicorn. Stage: Series B
Hero MotoCorp, Gurusankar Sankararaman, Jaya
Prakash Vijayan and 13 Other Investors
Manufacturer of lithium battery systems for
commercial use
Idinvest Partners, European Investment Bank,
Mitsui & Co
Enevate (2006, Irvine, $64M)
Li-ion Energy Storage
LG Chem, Alliance Venture, Quantum Valley
Investments and 6 Other Investors
Lithium Ion
Acumentrics (1994, Westwood, $21M)
UPS and Fuel Cell developer for Military use
Department of Energy, Clean Energy Venture
Group, Chevron
Canadian Solar (2001, Guelph, $10M)
Vertically integrated solar product manufacturer
and project developer
Unicorn. Stage: Public
Banco do Nordeste, Bancomext, Banco Sabadell and
14 Other Investors
Eguana Technologies (1999, Calgary, $8.5M)
Manufactures inverters and storage devices
Stage: Public
Western Technology Investment, DH Private Equity
Partners
SimpliPhi Power (2002, Ojai, $3.5M)
Battery Backup Solution provider
Soonicorn. Stage: Series A

14
Lithium Ion
Flux Power (2009, Vista)
Lithium battery packs provider for material
handling industry
Editor's Pick. Stage: Public
VARTA (1887)
Manufacturer of lithium-ion storage systems and
batteries
EnSync (1986, Menomonee Falls)
Manufactures intelligent energy storage systems
Stage: Public
Altairnano (1973, Reno)
Energy Storage systems using batteries
Stage: Public
Voltabox (2014, Delbruck)
Manufacturer of Li-ion based battery management
system for electric vehicles
Stage: Public
Lithium Ion
Alelion Energy Systems (2006, Moelndal)
Lithium Ion battery manufacturer
Stage: Public
EIT, Pegroco Invest, Fouriertransform and 1 Other
Investors
Balqon (2005, Los Angeles)
Lithium based energy storage systems and heavy
duty electric vehicle drivetrains
Stage: Public
Kodi-S (1999, Yongin)
Battery and charger manufacturers
Stage: Public
Korea Investment Partners
Redox Flow
VionX Energy (2002, Woburn, $172M)
Develops Vanadium Redox Batteries
Soonicorn. Stage: Series E
VantagePoint Capital Partners, Starwood Energy
UniEnergy Technologies (2012, Seattle,
$45M)
Energy storage system developer
ORIX, Governor Jay Inslee
REDT Energy (1989, London, $6M)
Manufacturing Vanadium Redox Flow Batteries
UK Government, AIB Seed Capital Fund, Enterprise
Ireland and 1 Other Investors
CellCube (1986, Toronto)
Manufacturer of vanadium redox flow batteries and
energy storage systems
Stage: Public

15
Redox Flow
Gildemeister Energy Solutions (1996,
Wurzburg)
Cleantech company with focus in solar, energy
efficiency, EV charging and energy storage
Stage: Acquired
Redflow (2005, Brisbane)
Power Storage manufacturing company
Stage: Public
Saltwater
SaltX Technology (2001, Stockholm, $16.6M)
Solar-powered air conditioner
Northzone, Skirner, Soria Futuro and 2 Other
Investors
Liquid Metal
Ambri (2010, Cambridge, $67.3M)
Liquid Metal Battery technology
Soonicorn. Stage: Series C
Khosla Ventures, Elemental Excelerator

16
Flywheel
Amber Kinetics (2009, Union City, $25M)
Flywheel energy storage developers
Elemental Excelerator
Temporal Power (2010, Mississauga, $14M)
Flywheel based distributed energy storage system
developer
Sustainable Development Technology Canada,
Northwater Capital Management, Enbridge and 2
Other Investors
Active Power (1996, Sidmouth)
Flywheel based energy storage systems
Stage: Public
Silicon Valley Bank, Austin Ventures, Braemar
Energy Ventures and 3 Other Investors
Beacon Power (1997, Tyngsboro)
Develops flywheel energy storage systems
Stage: Acquired
Arete Corporation
Flywheel
GKN Driveline (1759, Redditch)
Manufacturer of flywheel based energy storage
systems & driveline technologies
Stage: Acquired
Bank of America, Jasper Corporate Finance
Thermal
Ice Energy (2003, Santa Barbara, $132M)
Ice Energy Storage system and demand side
management for smart grid
Soonicorn. Stage: Series D
Energy Capital Partners, Good Energies
Investments, Second Avenue Partners and 3 Other
Investors
1414 Degrees (2009, Adelaide)
Stage: Public
Johnson Controls (1885, Milwaukee)
Manufacturer and supplier of automotive batteries
and HVAC systems
Stage: Public
Keyes Capital

17
Battery
Secondary Battery
Cymbet (2000, Elk River, $152M)
Solid state energy storage solutions
Soonicorn. Stage: Series E
Perseus, Intel Capital, Bekaert and 6 Other
Investors
ZPower Battery (1996, Camarillo, $110M)
Silver-Zinc micro batteries for portable products
MidCap Financial, Apollo Investment Corporation,
Intel Capital and 1 Other Investors
Fluidic Energy (2006, Phoenix, $103M)
Zinc Air battery developers and manufacturers
Asia Climate Partners, Mohamed Abdulrahman Al-
Bahar, Cat and 6 Other Investors
Solid state battery developer
Unicorn. Stage: Series C
Volkswagen Group, BMW, Toyota Motor and 7
Other Investors
Secondary Battery
SolidEnergy Systems (2012, Waltham, $84.8M)
Semisolid Lithium Ion battery developer
Temasek, Vertex Ventures China, SAIC Capital
24m Technologies (2010, Cambridge, $71.8M)
Low cost semi-solid Lithium Ion battery developers
Kyocera, ITOCHU, North Bridge and 4 Other
Investors
Phinergy (2008, Lod, $50M)
Metal-air battery technology for EVs
Alcoa
Oxis Energy (2004, Culham, $41.5M)
Lithium Sulphur Rechargeable Batteries
AeroTEC, Arkema, Safran and 5 Other Investors
Secondary Battery
E-One Moli Energy (1998, Taipei, $31M)
Lithium based battery manufacturer
VantagePoint Capital Partners
Ilika (2004, Chilworth, $8M)
Developes new materials for energy and electronics
applications
Stage: Public
Parkwalk, IP Group, Herald Investment
Management
mPhase Technologies (1996, Clifton, $1.7M)
Nano-battery technology development
Stage: Public
Saft (1913, Bagnolet)
Lithium Ion battery manufacturers
Editor's Pick. Stage: Acquired
CENAT New Energy Group (2010, Chiyoda-
ku)
Manufacturer of ternary lithium ion battery

18
Battery
Secondary Battery
Leclanche (1909, Yverdon-les-bains)
Herald Investment Management, Barings, Shamir
Capital and 3 Other Investors
UltraCharge (2016, Haifa)
Developed nanotechnology-based Lithium-Ion
battery
CIS (2002, Daegu)
Manufacturer of rechargeable lithium batteries
Stage: Public
E&Investment, IMM Investment, SongHyun
Investment and 2 Other Investors
Electrovaya (1997, Mississauga)
Manufactures Li-Ion polymer batteries
Stage: Public
BEST Funds
Secondary Battery
Lithium Technologies (1996, Fairfax)
Lithium Ion based battery manufacturers
Stage: Public
Frazer-Nash
Northvolt (2015, Stockholm)
Lithium-Ion battery developers for Electric Vehicles
Stage: Public
European Investment Bank, Vattenfall, Harald Mix
and 3 Other Investors
Samsung SDI (1970, Yongin)
Developers of rechargeable battery and
components
Stage: Public
STL Technology (1967, Kaohsiung City)
Manufacturer of lithium battery packs
Stage: Public
WK Technology Fund
Valence (1989, Austin)
Develops lithium batteries
Stage: Acquired
Secondary Battery
CAEC (1997, Taichung)
Manufacturer of high density LFPO batteries and
energy storage systems
Stage: Public
Synergy ScienTech Corporation (1997,
Hsinchu)
Manufacturer of Lithium-ion based batteries
Stage: Public
Akasol (2007, Darmstadt)
Lithium based battery manufacturers
Stage: Public
Amrita Technologies (2000, Taoyuan City)
Lithium ion battery developer
Stage: Public
LeeChem (2008, Daema-myeon)
Manufacturer of lithium-ion battery and electrolyte
materials
Stage: Public
E&Investment

19
Battery
Secondary Battery
Simplo Technology (1992, Hsinchu)
Lithium-Ion battery pack developer
Stage: Public
UMC Capital
Vitzro Cell (2002, Seoul)
Primary and Secondary Battery manufacturers
Stage: Public
Primary Battery
Enovix (2006, Fremont, $37.2M)
Battery cells developer for lithium-ion batteries
Sofinnova Ventures, DCM Ventures, Intel Capital
Components
Bolloré (1822, Puteaux)
French conglomerate with varied business interest
Stage: Public
Chequers Capital, Munda Sicav

20
Battery
Battery Management System
O2Micro (1995, George Town)
Power Management System developers
Stage: Public
H&Q Asia Pacific
Fortune (1995, Taipei)
Develops battery and power management ICs
Stage: Public
Ultracapacitor
Ultracapacitor
Dais Analytic (1993, Odessa, $5.8M)
Develops nano technology solutions for water and
air purification
Stage: Public
Department of Energy, Sage Technology Resources,
Small Business Innovation Research and 1 Other
Investors
EEStor (2001, Toronto, $3M)
Ultracapacitor technology developer
Stage: Public
Kleiner Perkins
Vina Tech (1999, Jeonju)
Manufacturer of super-capacitors and Lithium-ion
capacitors
Stage: Public
L and S Venture Capital
Maxwell Technologies (1965, San Diego)
Manufactures ultra capacitors
Stage: Acquired
SDIC, East West Bank, I2BF Global Ventures
Ultracapacitor
Nesscap (2000, Yongin)
Ultracapacitors for energy storage
Stage: Acquired
Arbat Capital, I2BF Global Ventures, Rusnano and 1
Other Investors

21
Ultracapacitor
Components
Enable IPC (2005, Madison)
Manufactures various advanced materials
Stage: Public
Fuel Cell
Proton Exchange Membrane (PEM)
Intelligent Energy (2001, Loughborough,
$213M)
PEM fuel cell and CHP power systems developer
GIC, Turquoise, ERMAK Group
PowerCell (2008, Gothenburg, $35.5M)
Develops fuel cells and hydrogen generating
systems
Stage: Public
European Union, Swedish Energy Agency,
Fouriertransform and 5 Other Investors
Trulite (2002, Columbia, $1.2M)
Developers of Fuel cell based power generator
Stage: Public
Standard Renewable Energy Group
Hydrogenics (1996, Mississauga)
Makes fuel cells and hydrogen energy storage
Air Liquide, Ignite 500, Herald Investment
Management
Proton Exchange Membrane (PEM)
Ballard Power Systems (1979, Burnaby)
Manufactures hydrogen fuel cells
Stage: Public
Weichai, Nisshinbo Holdings, Sustainable
Development Technology Canada and 4 Other
Investors
Plug Power (1997, Latham)
Manufactures hydrogen based fuel cells
Stage: Public
NY Green Bank, Hercules Capital, NYSERDA and 5
Other Investors

22
Fuel Cell
Solid Oxide
Bloom Energy (2001, Sunnyvale, $1.2B)
Builds solid oxide fuel cell technology
Unicorn. Stage: Public
New Enterprise Associates, Alberta, DAG Ventures
FuelCell Energy (1969, Danbury, $65M)
Installs fuel cell power plants
Stage: Public
SCAQMD Meteorology, Hercules Capital
Sunfire (2010, Dresden, $32.8M)
Develops high-temperature SOFC
Paul Wurth, Inven Capital, Idinvest Partners and 5
Other Investors
Ceres Power (2001, Horsham, $533k)
Fuel cell developers
Stage: Public
Weichai, Parkwalk, IP Group and 6 Other Investors
Solid Oxide
Delphi Automotive (1994, Gillingham)
Manufacturer and supplier of automotive parts to
OEMs
Stage: Acquired
Goldman Sachs, UBS, Harbinger Capital Partners
Dominovas Energy (2014, Atlanta)
Developer of fuel cell system and hydro-power
projects
Stage: Public
Ceramic Fuel Cells (1992, Melbourne)
Solid Oxide Fuel Cell technology
Stage: Public
Jolimont Capital
Direct Methanol
SFC Energy (2000, Brunnthal)
Direct Methanol Fuel cell developers
Stage: Public
Harbert Management, HPE Growth Capital, Conduit
Ventures and 1 Other Investors

23
Fuel Cell
Alkaline
AFC Energy (2006, Cranleigh)
Manufactures alkaline fuel cells
Stage: Public
Southern Oil, Lanstead Investors
Charging
Plug-in
SemaConnect (2008, Bowie, $27M)
Electric Vehicle Solutions for Commercial
Properties
Pear Tree Partners Investor, TEDCO
Blink Charging (2009, San Jose, $22.9M)
Electric vehicle charging sevices
Stage: Public
Eventide Funds, Pennsylvania Energy Development
Authority
Delta-Q Technologies (1999, Burnaby, $17M)
Battery charging solutions
Tandem Expansion Fund
AddEnergie (2009, Quebec City, $13M)
Smart charging solutions for electric vehicles
Caisse de depot et placement du Quebec, Invest
Quebec, Natural Resources
Plug-in
Green Motion (2009, Lausanne, $12.5M)
Developer of electric vehicle charging stations
Zhongding Group, Catalyst Venture Partners
DBT (1990, Brebieres, $7.1M)
Manufacturer of electrical equipment for energy
and auto industry
Stage: Public
Nord Capital, Turenne Capital
Envision Solar (2006, San Diego, $4.6M)
Offers solar trees for parking lots and solar EV
charging solutions
Stage: Public
Silicon Valley Bank
Alfen (1937, Almere)
Transformer stations, Micro grid and EV charging
stations
Stage: Public

24
Charging
Plug-in
PNE Solution (2004, Suwon-si)
Electric vehicle charging solutions and energy
storage systems
Stage: Public
Signet Systems (1998, Daema-myeon)
EV charging stations
Stage: Public
Kolon Investments, SL Investments, IBK
Wireless
Energous (2012, San Jose, $5.5M)
Wireless charging technology
Stage: Public
Dialog Semiconductor, Herald Investment
Management
Battery Swapping
Electric scooter developer and battery swapping
infrastructure provider
Temasek, Generation Investment Management,
Sumitomo Corporation and 4 Other Investors
NRG Energy (1989, Princeton)
Energy generation and storage
Elliott Management, TPG, Chatham Capital
Leo Motors (2007, Seoul)
Cartridge batteries for electric vehicles
Stage: Public

25
Charging
Station Network
EV charging points and charging network operator
Unicorn. Stage: Series H
CPP Investment Board, Chevron, Quantum Energy
Partners and 34 Other Investors
Volta Charging (2010, San Francisco, $60M)
Electric vehicle charging network developer
Energize, Invenergy Future Fund, General Electric
InstaVolt (2016, Basingstoke, $14.8M)
Rapid EV charging infrastructure
Zouk Capital
NewMotion (2009, Amsterdam)
Smart charging solutions for electric vehicles
Entrepreneurs Fund
Station Network
JNS Holdings (1983, Wheeling)
Operator and Installer of EV Charging stations
Stage: Public
Hydrogen Refueling
Hydrogen Refueling
McPhy Energy (2008, Grenoble, $32.3M)
Solid state hydrogen storage technology developer
Stage: Public
EDF, Sofinnova Partners, Gimv and 4 Other
Investors

26
Hydrogen Refueling
Hydrogen Generation
HydroPhi (2008, Atlanta, $3.6M)
Uses hydrogen to fuel vehicles
Stage: Public
CTW Venture Partners
Nel Hydrogen (1927, Oslo)
Hydrogen production and storage
Stage: Public
GreenChek Technology (2008, San Francisco)
Hydrogen generation and storage
Stage: Public
HyperSolar (2009, Santa Barbara)
Nanotechnology to make renewable hydrogen from
sunlight
Stage: Public
Hydrogen Storage
Designs and manufactures Hydrogen Energy
Systems
UK Government, FCH JU, Carbon Trust and 3 Other
Investors

List of Notable Companies in Energy Storage in China
Notable Companies in the Sector in China
27
Energy Storage > Feed Summary > Notable Companies in the Sector in China
Public
BAK Battery
(2001, Shenzhen, $147M)
Tianneng Power
International
(1986, Huzhou, $12M)
Citic Guoan Information
Industry
(1997, Beijing)
Shenzhen Auto Electric
Power Plant
(1998, Shenzhen)
Shenzhen Desai Battery
Technology
(1985, Nanshan)
Sunwoda Electronic
(1997, Shenzhen)
Zhongbi Energy
Technology
(2001, Dalian)
Eve Energy
(2001, Huizhou)
Public
Titans
(1992, Zhuhai)
Topband
(1996, Shenzhen)
Acquired
YinLong
(2004, Zhuhai)
Amperex Technology
(1999, Hong Kong, $30M)

Recent News in Energy Storage Sector
Recent News
28
Energy Storage > Feed Summary > Recent News
Feb 2019
Energous Corporation Announces Collaboration with vivo Global,
GlobeNewswire
Feb 2019
Ossia to Demonstrate Cota® 5.8 GHz at Mobile World Congress- A
Pillar in the 5G Infrastructure Roll Out, PR Newswire
Feb 2019
Ossia Partners with Spigen to Create Cota Power Transmitters To
Wirelessly Power Cota-Enabled Phone Sleeves, PR Newswire
Feb 2019
Targray Expands Solar Supply Chain Finance Program for PV
Manufacturers, Suppliers, EPCs, PRWeb
Feb 2019
Plug Power Expands Manufacturing in New York’s Finger Lakes
Region with the Grand Opening of its Facility in Rochester,
GlobeNewswire
Feb 2019 Targray Opens European Biodiesel Trading Desk in Geneva, PRWeb
Feb 2019 Nel Korea to construct two H2 stations in Korea, gasworld
Feb 2019 Nel Hydrogen enters into contract for H2Station, gasworld
Feb 2019
ITM Power in prime position as hydrogen market heats up says new
research, Proactive Investors
Feb 2019 EnSync cuts 25 jobs amid financial woes, BizTimes
Feb 2019
Group Signs MOU to Develop and Test Hydrogen Fueling Hardware
for Heavy-Duty Vehicles, FuelCellsWorks
Feb 2019 CellCube Reports no Material Change, PR Newswire
Feb 2019 EVs get a slice of the pizza delivery market, Energy Live News
Key Recent News Key Recent News
Feb 2019
Delphi Technologies reports fourth quarter and full year 2018
financial results, provides full year 2019 outlook, PR Newswire
Feb 2019
Volta Partners with Hiab on Electric Storage for Truck Liftgates,
PowerPulse
Feb 2019 Ergosup puts foot on the gas, Global Corporate Venturing
Feb 2019
Canadian solar: groundbreaking of the unsubsidized solar portfolio
in italy, PV Magazine
Feb 2019
Shell Acquires West Hollywood Electric Vehicle Charging Outfit, Los
Angeles Business Journal
Feb 2019
Advanced Energy Storage Market – Major Technology Giants in
Buzz Again : AES, EDF Renewable Energy, Maxwell Technologies,
SAFT, Digital Journal
Feb 2019
SK Innovation partners with US company to develop lithium metal
batteries, Evertiq
Feb 2019
Ballard is a Member of H2PORTS Project to Demo Hydrogen as
Alternative Fuel at European Ports, FuelCellsWorks
Feb 2019
Eguana Exercises Right to Acquire Limited Partnership Units,
GlobeNewswire
Feb 2019
Plug Power Named To Fast Company’s Annual List of The World’s
Most Innovative Companies for 2019, FuelCellsWorks
Feb 2019
UK-based manufacturer GKN builds US$ 20-million plant in
Guanajuato, mexico-now.com
Feb 2019
Nano One wants to be the power behind low-cost, high-
performance battery materials, Mining Capital

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
29
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Construction Tech
Jan 2019
HRTech
Jan 2019
OSS & BSS
Jan 2019

Investments ($M) and number of rounds in Energy Storage; 2012-2019
Global Funding Trends (1/2)
31
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Energy Storage > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 5% # of Rounds31% $ Funding
15% # of Rounds
35% $ Funding
$390M
$493M
$1.5B
$785M
$1.3B $1.3B
$1.9B
$104M
0
20
40
60
80
100
120
$0k
$500M
$1.B
$1.5B
$2.B
$2.5B
2012 2013 2014 2015 2016 2017 2018 2019*
$ Funding Predicted $ Funding # Rounds Predicted # Rounds

$5M $6M $13M
$19M $17M $30M $24M $2M
$181M
$118M $141M
$384M
$234M
$315M
$298M
$68M
$204M $368M $1.3B $383M $1B $968M $1.6B $34M
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
11 20 30 26 26 32 26 2
23
27
29 43 46
44
51 10
10 26 25 19 21 12 24 2
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
44
14
Total # of Rounds
32
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Energy Storage; 2012-2019
Energy Storage > Investment Trends > Global Funding Trends
46
36
26
34
34
36
2
214
$3.7M
$6.9M
$0.0M
$5.0M
$10.0M
$15.0M
$20.0M
$25.0M
$30.0M
$35.0M
0
50
100
150
200
250
2013 2014 2015 2016 2017 2018 2019 YTD Total
Entrants in Funding Club Avg. Ticket Size
$3.7M $1.4M $1.9M $3.8M $6M $30.5M $1M $6.9M
$265M $329M
$1.3B
$550M
$1B
$1.1B
$1.6B
$59M
0
2
4
6
8
10
12
14
16
18
0
200000000
400000000
600000000
800000000
1E+09
1.2E+09
1.4E+09
1.6E+09
1.8E+09
2012 2013 2014 2015 2016 2017 2018 2019 YTD
$ Funding Predicted $ Funding # of Rounds Predicted # Rounds
Mega Rounds
9 8 9 11 8 12 16 2
$390M
$104M
Total $ Invested

Energy Storage > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Energy Storage
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 3.4B 145
Martigny-ville 1.7B 3
Taipei 511M 4
Stafford 430M 2
Novosibirsk 243M 1
Loughborough 213M 6
Woburn 211M 12
Cambridge 189M 17
London 185M 31
Abingdon 167M 6
Total Funding
545
200
4
22
30
20
12
2
# Rounds
$6.7B
$3.2B
$511M
$149M
$92.3M
$72.5M
$52.9M
$24.2M
US
Europe
Taiwan
Israel
Canada
India
Australia
Japan
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.5 $0.5 $0.7
$1.2 $1.0
$1.3 $1.3
2012 2013 2014 2015 2016 2017 2018
Energy Storage > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Energy Storage; 2012-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$10.5K* $7.9M
$10K $50M
$1.2M $130M
$97.5K $1B
$15.7M
$10.2M
$3.5M
$620K
Series C+
Series B
Series A
Seed
Stage
$14.5 $11.3 $12.5
$17.4
$9.5
$19.4
$13.0
$22.7 $16.7
$65.3
$23.9
$58.9
$88.0 $85.2
$6.7
$3.0
$5.4 $4.4
$7.4
$3.3
$7.1

Note: 327 companies with undisclosed funding amount are not included
35
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
42
116
86
29
17
No. of Companies
Energy Storage > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Energy Storage; as of Feb 2019
Distribution of companies by Funding Range
$14M
$506M
$2.1B
$2B
$6.8B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
36%
16%
9%
6%
36
Note: Numbers in the brackets show the count of companies
Time to raise
next round
89
140
259
565
1576
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
36% 8%
(126)
7%
(106)
- 5%
(71)
60%
(940)
46% 19%
(109)
15%
(86)
- 5%
(31)
49%
(275)
54% 21%
(55)
9%
(24)
- 7%
(19)
39%
(100)
64% 33%
(46)
14%
(20)
- 9%
(12)
28%
(39)
- 42%
(37)
18%
(16)
- 8%
(7)
27%
(24)
Energy Storage > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Energy Storage
Funding Funnel
20 Months
23 Months
31 Months
Investment backedBootstrapped
33
4
66
73
34
16
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Energy Storage > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Energy Storage; Feb 2017-Feb 2019
Notable Investments in last 24 months (1/7)
LATE STAGE
$793M - Series C Feb 2018
Lithium based battery and energy storage system
developer
Soochow Asset Management, China Venture Capital,
Industrial Bank
$400M - PE Apr 2017
Fast-charging battery systems
CDH Investments, National Venture Capital
Association, SDIC Venture Capital
$300M - Series C Sep 2017
Electric scooter developer and battery swapping
infrastructure provider
Temasek, Generation Investment Management,
Sumitomo Corporation, Engie
LATE STAGE
$240M - Series H Nov 2018
Partners, BMW i Ventures, Braemar Energy
Ventures, Clearvision, Linse Capital, Daimler,
American Electric Power, General Insurance
Corporation of India, Siemens, GIC
Solid state battery developer
Volkswagen Group, BMW, Toyota Motor
$82M - Series G Mar 2017
Daimler, BMW i Ventures, Linse Capital, Rho Capital
Partners, Braemar Energy Ventures
$70.7M - Series D May 2018
Manufacturer of lithium energy storage systems
Shell Global
LATE STAGE
$70M - Series D Aug 2018
Sila Nanotechnologies (2011, Alameda,
$125M)
Developer of battery performance improvement
material
Sutter Hill Ventures, Bessemer Venture Partners,
Matrix Partners, In-Q-Tel, next47, Amperex
Technology, Samsung Venture Investment
$65M - Series C Feb 2018
Solid state polymer electrolyte material
Alliance, Bill Joy, Kleiner Perkins
SOLIDpower (2006, Mezzolombardo, $47M)
Manufacturer of fuel cell systems
$43M - Series G Jun 2017
Linse Capital, Rho Capital Partners, BMW i Ventures,
Braemar Energy Ventures, Siemens

LATE STAGE
$40M - Series D Jun 2018
Ice Energy (2003, Santa Barbara, $132M)
Ice Energy Storage system and demand side
management for smart grid
$35M - Series C Jul 2018
Invenergy Future Fund, General Electric, Nautilus
Venture Partners, Idinvest Partners, Virgo, Autotech
Ventures, Orsted, Activate Capital
$34.4M - Series C Dec 2017
$32.8M - Series C Jan 2019
Sunfire (2010, Dresden, $32.8M)
Develops high-temperature SOFC
Paul Wurth, Inven Capital, Idinvest Partners, Total
Energy Ventures
LATE STAGE
$32M - Series D Mar 2017
Primus Power (2009, Hayward, $94M)
Energy storage using flow battery
Matador Capital Partners, Anglo American Platinum,
DBL Partners, I2BF Global Ventures, Success Dragon
$30M - Series E Apr 2018
VionX Energy (2002, Woburn, $172M)
Develops Vanadium Redox Batteries
$28.9M - Series C Nov 2018
$25.4M - Series C Jan 2018
uBeam (2011, San Francisco, $48.8M)
Wireless electricity for charging devices
Enovix (2006, Fremont, $37.2M)
Battery cells developer for lithium-ion batteries
$21.8M - Series D Nov 2018
24m Technologies (2010, Cambridge, $71.8M)
Low cost semi-solid Lithium Ion battery developers
Kyocera, ITOCHU, North Bridge
LATE STAGE
Ambri (2010, Cambridge, $67.3M)
Liquid Metal Battery technology
$1.5M - Series E Jan 2019
Cymbet (2000, Elk River, $152M)
Solid state energy storage solutions
Series C Jul 2018
HYUNDAI CRADLE
Series C Apr 2018
Total
Series C Feb 2018
A123 Systems

LATE STAGE
Series C Sep 2018
Energize
Series C Apr 2018
Amber Kinetics (2009, Union City, $25M)
Flywheel energy storage developers
EARLY STAGE
$64.6M - Series B Dec 2017
Manufacturer of lithium battery systems for
commercial use
Idinvest Partners, European Investment Bank,
Mitsui & Co
$38.9M - Series B Jun 2017
Green Hedge (2016, London, $77.3M)
Large scale energy storage systems and solar power
plant operator
Zouk Capital
$38.4M - Series B Aug 2017
Green Hedge (2016, London, $77.3M)
Large scale energy storage systems and solar power
plant operator
Zouk Capital
EARLY STAGE
$34M - Series B Jul 2017
Advanced Microgrid Solutions (2013, San
Francisco, $58.8M)
DER integration platforms
Energy Impact Partners, Southern, DBL Partners, GE
Ventures, Macquarie Group, AGL Energy
$26M - Series A Jan 2019
Solid Power (2011, Louisville, $46M)
Developer of solid state lithium-ion battery
A123 Systems
$26M - Series A Dec 2018
Malta (2018, Cambridge, $26M)
Breakthrough Energy, Alfa Laval
$22M - Series B Sep 2018
Lionano (2013, Ithaca, $27.3M)
Drop-in replacement material for lithium-ion
batteries
WAVE Equity Partners, Helios Capital Ventures, NXT
Ventures

EARLY STAGE
$20M - Series B Aug 2017
EoCell (2015, San Jose, $20M)
Developer of materials for high energy density
lithium-ion batteries
YinLong
$20M - Series A Sep 2018
HYUNDAI CRADLE, Samsung Venture Investment,
Solvay, Sanoh Industrial, A123 Systems
$18.9M - Series B Jul 2018
Hero MotoCorp
$17.1M - Series A Sep 2018
EO Charging (2014, London, $17.1M)
EV charging points for car parks
Zouk Capital
EARLY STAGE
FreeWire Technologies (2014, San Leandro,
$30.2M)
Mobile charging stations for EVs
BP Ventures, Volvo Cars, Stanley Ventures, Blue Bear
Capital, Spike Ventures, TRIREC
$14M - Series B Jan 2018
Ossia (2013, Bellevue, $50M)
Provider of wireless charging solution
Motherson Innovations
$12.4M - Series A Feb 2019
Ergosup (2012, Malataverne, $18.3M)
Developer of network of hydrogen fueling stations
Demeter, Arkea Capital, Go Capital, Air Liquide, APV
$12M - Series A Aug 2018
Driivz (2012, Tel Aviv, $12M)
Electric vehicle charging management platform
Centrica, Ombu Group, Inven Capital
EARLY STAGE
$9M - Series B Jan 2019
AeroTEC, Arkema, Safran
$9M - Series A Oct 2018
Chargefox (2017, Melbourne, $8M)
Electric vehicle charging network
Greg Roebuck
$8M - Series B Apr 2017
Wildcat Discovery Technologies (2006, San
Diego, $38M)
Battery component developers
A123 Systems
$8M - Series A Jul 2018
EV Connect (2009, El Segundo, $12M)
Enterprise EV charging software and solutions
The Ecosystem Integrity Fund, Montage Capital

EARLY STAGE
$8M - Series A Oct 2018
Greg Roebuck
$7.6M - Series A May 2018
Axiom Exergy (2013, Berkeley, $12.5M)
Thermal battery system for Commercial power
consumers
GXP Investments, Shell Global, WorldQuant
Ventures, SV Tech Ventures, Seabed VC, JB Straubel,
StartX, Larry Mohr
$7.5M - Series A Nov 2017
Natron Energy (2012, San Francisco, $7.5M)
Manufactures sodium ion batteries and energy
storage systems
$5.7M - Series A Jan 2018
FreeWire Technologies (2014, San Leandro,
$30.2M)
Mobile charging stations for EVs
Momenta Partners
EARLY STAGE
$5.2M - Series B Feb 2018
AeroTEC
ZAF Energy Systems (2011, Columbia Falls,
$9.5M)
Developers of Zinc-Air batteries
$5M - Series B May 2017
Imprint Energy (2010, Alameda, $11M)
Zinc-based rechargeable batteries
Semtech, Phoenix Venture Partners
Nanoramic Laboratories (2010, Boston, $5M)
Producer of carbon 3D nanotubes for use in
ultracapacitor technology
NGK Spark Plug co., Marubun
EARLY STAGE
$3.3M - Series A Dec 2018
Cadenza Innovation (2016, Oxford, $8.6M)
Lithium-Ion based battery system developers
$3.3M - Series B Nov 2017
Hero MotoCorp, Gurusankar Sankararaman, Jaya
Prakash Vijayan, Michelangelo Volpi & Toni C Cupal,
Sagar Mehar Pushpala
$3M - Series A Feb 2019
Nanoscale Comp (2007, Hudson, $12.5M)
Manufactures ultracapacitors
$1.2M - Series A Sep 2017
$9.5M)
$1.1M - Series A Jun 2017
Fastned (2012, Amsterdam, $6.1M)
Network of electric vehicle charging stations

EARLY STAGE
$1M - Series A Aug 2017
$9.5M)
$536k - Series A Sep 2017
CRESS Systems (2009, Redcar, $669k)
Mechanical energy storage developer
Northern Powerhouse Investment Fund
$473k - Series A Oct 2018
$9.5M)
Series B Oct 2018
Enevate (2006, Irvine, $64M)
Li-ion Energy Storage
LG Chem, Alliance Venture
Series B Jun 2018
AeroTEC
EARLY STAGE
Series B Jul 2017
Greenlots (2008, Singapore, $15M)
Electric vehicle charging solutions
Energy Impact Partners
Series A Oct 2018
Hanon Systems
Series A Oct 2018
Tritium (2001, Brisbane, $13.6M)
Series A Sep 2018
Imprint Energy (2010, Alameda, $11M)
Zinc-based rechargeable batteries
Elemental Excelerator
Series A Feb 2019
$9.5M)
Wirtz Manufacturing
EARLY STAGE
Series A Jan 2019
Natron Energy (2012, San Francisco, $7.5M)
Manufactures sodium ion batteries and energy
storage systems
Chevron
Series A Jan 2019
Momentum Dynamics (2009, Malvern, $6.4M)
Wireless Charging for EV
Volvo Group
Series A Sep 2018
NuGen Systems (2013, Traverse City)
Li-Ion battery developers for indoor transportation
vehicles
Engage

SEED STAGE
$7.9M - Angel Jul 2017
$3.8M - Seed Mar 2017
$2.9M - Angel Dec 2018
Ion Energy Labs (2016, Mumbai, $2.9M)
Stealth mode energy storage company
Venture Catalysts
$2.8M - Seed Nov 2018
Sunamp (2006, Edinburgh, $6.5M)
Manufactures heat batteries
Scottish Enterprise, Osaka Gas, Par Equity, Equity
Gap
$1.9M - Seed Mar 2018
Nowi Energy (2015, Delft, $3M)
Wireless charging sensor infrastructure for small
IoT devices
Disruptive Technology Ventures
SEED STAGE
$1.1M - Seed Jan 2019
IoT devices
$1.1M - Seed Dec 2018
Storelectric (2012, Preston, $1.3M)
Compressed Air Energy Storage system
$302k - Seed Jul 2017
NuGen Systems (2013, Traverse City)
Li-Ion battery developers for indoor transportation
vehicles
Angel May 2017
Ion Energy Labs (2016, Mumbai, $2.9M)
Stealth mode energy storage company
Aakrit Vaish, Swapan Rajdev, Sushill K Jiwarajka
Seed Nov 2018
HEVO Power (2011, New York City, $85k)
Wireless Power for Electric Vehicles
Ulu Ventures

Energy Storage > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
EARLY STAGE
$43.5M - Series B Dec 2018
Immotor (2015, Shenzhen, $43.5M)
Provider of battery swapping solution for smart
electric scooters
Qualcomm, Hyundai Motor Company, Mirae Asset,
Korea Investment Partners, TransLink Capital, GGV
Capital, Yunqi Partners, U.S.-China Green Fund
$12.1M - Series A Oct 2017
Xlvern (2015, Beijing, $12.1M)
Electric bicycle charging service provider
Zhonghai investment, Zhongguancun Science Park
Haidian Park, River Capital
Series A Oct 2018
ChargeDot (2009, Shanghai)
Electric vehicle charging station solution provider
and operator
Sequoia Capital

Most Active Investors (VC, PE) by Stage in Energy Storage; Last 5 years (Feb 2014-Feb 2019)
Most Active VC & PE Investors
45
Energy Storage > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Demeter(2 Investments)
Kemwatt, Ergosup
1
HTGF (2 Investments)
Blue Inductive, Volterion
2
Go Capital (2 Investments)
Kemwatt, Ergosup
3
Fraunhofer Venture (2 Investments)
Volterion, Ceragen
4
Par Equity
Sunamp
5
Claremont Creek Ventures
Element Energy
6
Almi
ReVibe Energy
7
Tsing Capital
WiBotic
8
Infuse Ventures
Tessol
9
Parkwalk
Bramble Energy
10
EARLY STAGE
Intel Capital (3 Investments)
Qnovo, Prieto Battery, Chargifi
1
Zouk Capital (3 Investments)
InstaVolt, EO Charging, Green Hedge
2
Demeter(2 Investments)
I-Ten, Nawa Technologies
3
SET Ventures(2 Investments)
Greenflux, Sonnenbatterie
4
Phoenix Venture Partners (2 Investments)
Nohms Technologies, Imprint Energy
5
Inven Capital (2 Investments)
Driivz, Sonnenbatterie
6
InnoEnergy(2 Investments)
Uniheat, Nawa Technologies
7
Energy Impact Partners (2 Investments)
Advanced Microgrid Solutions, Greenlots
8
Stanley Ventures(2 Investments)
FreeWire Technologies, Prieto Battery
9
Pangaea Ventures
Energy Storage Systems
10
LATE STAGE
Samsung Venture Investment(2
Investments)
Sila Nanotechnologies, Seeo
1
GIC(2 Investments)
Intelligent Energy, ChargePoint
2
Kleiner Perkins
Ionic Materials
3
next47
Sila Nanotechnologies
4
BMW i Ventures
ChargePoint
5
Linse Capital
ChargePoint
6
VionX Energy
7
Inven Capital
Sunfire
8
Temasek
Gogoro
9
Shumway Capital
ChargePoint
10

Energy Storage > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Energy Storage; Last 5 years (Feb 2014-Feb 2019)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Plug and Play Tech Center(14
Investments)
Watt-Learn, Blue Inductive, Salient Energy
1
Climate KIC(11 Investments)
ChargeX, Phase Shift Energy, Brill Power
2
MassChallenge(7 Investments)
Lithio Storage, Electra Vehicles, NrgStorEdge
3
Elemental Excelerator(6 Investments)
Blue Planet Energy, FreeWire Technologies, Amber Kinetics
4
Y Combinator(5 Investments)
Reachlabs, Millibatt, Airthium
5
Techstars(5 Investments)
SparkCharge, TEQ Charging, Elegus Tech
6
Innovacorp(4 Investments)
NeoThermal, Dugo, Showbattery
7
Imperial Innovations(2 Investments)
Bramble Energy, Drayson Technologies
8
Capital Nature(2 Investments)
Augwind, ElectRoad
9
500 Startups(2 Investments)
Meshcrafts, Volta Charging
10
OTHER NOTABLE INVESTORS
Department of Energy(11 Investments)
Redox, Atrex Energy, Pathion
1
UK Government(7 Investments)
Sunamp, Faradion, Zapinamo
2
National Science Foundation(5
Investments)
Ecolectro, Feasible, Voltaiq
3
Sustainable Development Technology
Canada(5 Investments)
e-Zn, ZincNyx Energy Solutions, NanoOne
4
ATEL Capital Group(5 Investments)
Imergy Power Systems, Ioxus, Cymbet
5
European Union(4 Investments)
PowerCell, Gaelectric, Fastned
6
European Investment Bank(4
Investments)
Northvolt, Forsee Power, Elcogen
7
California Energy Commission(3
Investments)
Nuvve, EV Connect, Eos Energy Storage
8
IFC(3 Investments)
Ioxus, Canadian Solar
9
Chevron(3 Investments)
Natron Energy, ChargePoint, Acumentrics
10
DEBT INVESTORS
Hercules Capital(4 Investments)
FuelCell Energy, Fluidic Energy, ChargePoint
1
Idinvest Partners(3 Investments)
Forsee Power, Sunfire, Volta Charging
2
Silicon Valley Bank(2 Investments)
Pi Charging, Envision Solar
3
NXT Ventures(2 Investments)
Lionano, Quidnet Energy
4
Western Technology Investment(2
Investments)
Eguana Technologies, Bloom Energy
5
Mercia Technologies(2 Investments)
Aceleron, Faradion
6
Macquarie Group(2 Investments)
Advanced Microgrid Solutions, FreeWire Technologies
7
Export Development Canada(2
Investments)
Corvus Energy, Canadian Solar
8
Apollo Investment Corporation(2
Investments)
ZPower Battery, ChargePoint
9
Connecticut Innovations
Cadenza Innovation
10

Energy Storage > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/6)

Energy Storage > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
54
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Oil & Gas Tech
Jan 2019
Marine Energy
Jan 2019
Electric Vehicles
Dec 2018

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.
FACTSHEET
Feed Report - Energy Storage - Feb 2019
Marketmap: Energy Storage
56
Energy Storage > Market Details > BlueBox

Key Sub Sectors
57
Key Sub Sectors in Energy Storage
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Companies providing energy storage system for various applications
Sonnenbatterie (2010, Acquired)
394 159 $4.2B
Battery
Companies involved in manufacturing batteries, providing components, battery management,
diagnostic, and design software
Sakti3 (2007, Ann Arbor, Acquired)
497 175 $3.2B
Fuel Cell
Companies providing fuel cells for generating electricity and heat
Bloom Energy (2001, Sunnyvale, Public)
ReliOn (1995, Spokane, $77.7M)
140 64 $1.9B
Charging
Companies developing and providing charging solutions
Blink Charging (2009, San Jose, Public)
439 120 $1.8B
Ultracapacitor
Companies developing and providing ultracapacitors
Dais Analytic (1993, Odessa, Public)
Ioxus (2007, Oneonta, $67.5M)
40 21 $122M
Hydrogen Refueling
Companies providing multiple hydrogen refueling solutions
McPhy Energy (2008, Grenoble, Public)
Ergosup (2012, Malataverne, $18.3M)
51 20 $97.6M
Advanced Materials
Companies developing and providing advanced materials for batteries, ultracapacitors, and
fuel cells
ElectroScience (1996, King Of Prussia,
Acquired)
Advent Technologies (2006, East Hartford,
$9M)
13 5 $19.2M
Energy Storage Network
Companies operating grid connected microgrid and distributed energy resources based
energy storage network
Constant Power (2016, Toronto, Acquired)
Optimos Apto (2011)
2 1 -
Energy Storage > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/7)
58
Energy Storage > Market Details > Detailed Sector Taxonomy

59

60

61

62

63

64

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(+10)
Battery > Secondary Battery > Lithium Ion
Companies developing and providing rechargeable lithium ion batteries
(Companies covered 230 | Funded 53 | Total Funding $1.4B)
$834M
(+$831M)
12
(+6)
Farasis
(2002, Hayward, $793M)
2
(+1)
Charging > Station Network > Operators
Companies operating charging station networks
(Companies covered 89 | Funded 13 | Total Funding $637M)
$420M
(+$326M)
13
(+5)
ChargePoint
(2007, Campbell, $529M)
3
(+1)
Charging > Wireless > Inductive > Electronics
Companies providing wireless charging devices based on wireless induction for electronic devices
$104M
(+$60.9M)
19
(+5)
uBeam
(2011, San Francisco, $48.8M)
4
(-2)
Battery > Secondary Battery > Lithium Ion > Solid
Companies developing semisolid lithium ion rechargeable batteries where electrolyte and electrodes
are in solid form
$150M
(+$96.4M)
7
(-3)
QuantumScape
(2010, San Jose, $100M)
5
(+6)
Energy Storage System > Lithium Ion > Commercial > Automotive
Companies providing lithium ion based energy storage solutions for electric vehicles
$423M
(+$381M)
5
(+3)
Microvast
(2006, Stafford, $430M)
6
(+4)
Energy Storage System > Lithium Ion > Commercial
Companies providing lithium ion based energy storage solutions for commercial applications
$77.3M
(+$71.7M)
10
(+5)
Forsee Power
(2011, Paris, $64.6M)
7
(-6)
Energy Storage System > Redox Flow > Commercial
Companies providing redox flow batteries based energy storage solutions for commercial applications
$101M
(-$33.9M)
7
(-1)
Primus Power
(2009, Hayward, $94M)
65
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Energy Storage in last 2 years (February 2017 - January 2019)
Energy Storage > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Energy Storage > Market Details > Top Markets of Investment Activity

Incubators Y Combinator (#1), Terra Venture Partners (#1)
Seed
Lightspeed Venture Partners (#1), Walden International
(#1)
Series A/B Kleiner Perkins (#1), Khosla Ventures (#1)
Series C+
VantagePoint Capital Partners (#2), Samsung Venture
Investment (#1)
XALT Energy Feb - 2019
Acq by Freudenberg Sealing
Technologies
CENAT New Energy Group
Jan - 2019
Acquired
Voltronix Nov - 2018
Acq by Korver Corp
Super B Sep - 2018
Acq by Lithium Werks
Automotive Energy Supply
Corporation Aug - 2018
Acq by Envision Group
$9M - Series B
$195k - Seed
Aceleron (2018, London, $195k)
Series B
$15M - Series D
Ardica Technologies (2004, San
Francisco, $23.7M)
Series A
Lithion Power Group (1998,
Calgary)
$5.2M - Series B
Feb 2019
Global Technology Systems Recognized for Excellence in
Managed IT Services, Citybizlist
Feb 2019
Military Aircraft Battery Market to witness astonishing
growth with Key Players Concorde Battery, Cella Energy,
Saft, Sion Power, Digital Journal
Feb 2019
Bermuda’s long-term plans include 10MW Saft battery
system for ancillary services, Energy Storage News
Feb 2019
Alternet Systems Targets Shuttered Electric Car Plant
Acquisition In Anticipation Of Internal Combustion Engine
Price Parity, ADVFN
Feb 2019
OXIS Energy Attracts Investment for the World's First Li-S
Cell Manufacturing Plant, PR Newswire
Feb 2019
AKASOL expands framework agreement with Volvo,
Autonomous Vehicle Tech
Feb 2019
AKASOL Expands Framework Agreement with Swedish
Commercial Vehicle Manufacturer, Renewables News
Feb 2019
Electrovaya Reports Q1 2019 Revenue of Approximately
$2.0 million, GlobeNewswire
Feb 2019
Global Battery Energy Storage Systems For Smart Grid
Market : Detailed analysis of Siemens, ABB, GEAlstom,
Samsung SDI and more top players, iCrowdNewswire
Feb 2019
Freudenberg Secures Majority Interest in XALT Energy, OEM
Off-Highway
Jan 2019
Epsilor Li-ion 6T battery under evaluation and field testing
in five NATO countries, Green Car Congress
News
29
12
21
53
230
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Battery > Secondary Battery > Lithium Ion: Market Factsheet
67
Exits
Recent InvestmentsCompanies developing and
providing rechargeable lithium
ion batteries
Akasol
(2007, Darmstadt)
UltraCharge
(2016, Haifa)
Saft
(1913, Bagnolet)
Valence
(1989, Austin)
Top Companies
#1 Top Markets of Investment Activity
Energy Storage > Market Details > Market: Lithium Ion
Companies Created 230 | Funded 53 | Total Funding $1.4B
0
5
10
$0k
$500M
$1.B
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Lithium Ion

Battery > Secondary Battery > Lithium Ion: Top Companies
Market: Lithium Ion (1/2)
Analyst’s Pick
Liotech (2010, Novosibirsk, $243M)
Lithium-ion battery developer
Minicorn. Stage: Funded
Rusnano
AeroTEC, Arkema, Safran and 5 Other Investors
E-One Moli Energy (1998, Taipei, $31M)
Lithium based battery manufacturer
Denchi Power (2013, Thurso, $1.7M)
Lithium-ion batteries and chargers manufacturer
for defence and aerospace sectors
Editor's Pick. Stage: Seed
Secure Trust Bank
Analyst’s Pick
Aceleron (2018, London, $195k)
Manufacturer of lithium battery and storage
systems
MEIF
3DBattery (2016, Tel Aviv)
Micro battery solutions for flexible and wearable
technology
Terra Venture Partners
Apogee Power (2004, New York City)
Manufacturer of lithium ion battery packs
Editor's Pick. Stage: Unfunded
CENAT New Energy Group (2010, Chiyoda-
ku)
Manufacturer of ternary lithium ion battery
Edan Technology (1998, Taipei)
Manufacturer of lithium batteries
Analyst’s Pick
Energion (2018, Delhi)
Manufacturer of lithium ion batteries
Ensol Battery (2012, Seattle)
EVVA TECH ()
Leclanche (1909, Yverdon-les-bains)
Herald Investment Management, Barings, Shamir
Capital and 3 Other Investors
Nanotech Energy (2014, Los Angeles)
Developer of graphene-based Li-ion batteries
Saft (1913, Bagnolet)

Battery > Secondary Battery > Lithium Ion: Top Companies
Market: Lithium Ion (2/2)
Analyst’s Pick
StartStick (2012, Chandler)
High power output lithium batteries for aircrafts
UltraCharge (2016, Haifa)
Developed nanotechnology-based Lithium-Ion
battery
VRK (2016, Los Angeles)

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
70
Battery > Secondary Battery > Lithium Ion: Leaderboard
Better than Market Average
Market: Lithium Ion
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Oxis Energy 2004 Culham Series B $41.5M 6 - - - - 773 - - 17 - - 81 12%
4.5 Northvolt 2015 Stockholm Public - 4 - - - 4 2.5k - - 24 - - 531 27%
4.2 Electrovaya 1997 Mississauga Public - 3 - - - - 1.1k - - 29 - - 61 6%
3.9 Leclanche 1909
Yverdon-
les-bains
Public - 3 - - - - 940 - - 26 - - 4 -
3.6
Ardica
Technologies
2004
San
Francisco
Series D $23.7M 4 - - - - - - - 4 - - - -
3.6 Saft 1913 Bagnolet Acquired - - - - - - 2.3k - - 16 - - 242 12%
3.6 Farasis 2002 Hayward Series C $793M 2 - - - - - - - 3 - - - -
3.5 Sion Power 1995 Tucson Funded $50M 1 - - - - - - - 11 - - - -
3.5 Seeo 2007 Hayward Acquired $40.6M 4 - - - - - - - 2 - - - -
3.5
Leyden
Energy
2007 Fremont Series C $34.5M 3 - - - - 228 - - 3 - - -3 -1%
3.4 E4V 2008 Le Mans Series A $2M 1 - - - - 167 - - - - - 14 9%
3.4 Valence 1989 Austin Acquired - 2 - - - - 117 - - 3 - - 1 1%
3.3
AGM
Batteries
1997 Thurso Funded - 1 - - - - 160 - - 1 - - 40 33%
3.3 Amprius 2008 Sunnyvale Series C $55M 2 - - - - - - - 1 - - - -
3.1
AllCell
Technologies
2001 Chicago Seed $1.3M 2 - - - - 182 - - - - - 5 3%

Incubators 500 Startups (#1), Blue Startups (#1)
Seed EPIC Venture Fund (#1), Ulupono Initiative (#1)
Series A/B
Series C+ Braemar Energy Ventures (#1), Kleiner Perkins (#1)
Blink Oct - 2013
Acq by Car Charging Group for $3.3M
350Green May - 2013
Acq by Car Charging Group
Series A
Tonik Energy (2016, London, $16.7M)
$240M - Series H
$9M - Series A
$8M - Series A
Series C
Volta Charging (2010, San Francisco,
$60M)
$35M - Series C
Volta Charging (2010, San Francisco,
$60M)
Seed
Engenie (2011, London, $2M)
$2M - Seed
Seed
$43M - Series G
Feb 2019
Electrify America joins CharIN to establish CCS as global
standard for EV Charging, Electric Cars Report
Feb 2019
Electrify America Coming to More U.S. Cities from July 2019,
Autoevolution
Feb 2019
Electric Vehicle Charging Infrastructure Market Report
(2018- 2026) by Top Players: ChargePoint, AeroVironment,
Chargemaster, GE, Leviton, Eaton, Tesla Motors, ABB, Digital
Journal
Feb 2019
Electrify America Invests $300M in Fast Charging for Metro
Areas, Automotive Fleet
Feb 2019
Fastned opens fast charging stations at Van der Valk in
Germany, Caroline Thonnon
Feb 2019
EVgo network powered 75 million EV miles in 2018, plans to
double again by 2020, Electrek
Feb 2019
VW’s Electrify America will use Tesla battery packs to lower
charging costs, TechCrunch
Jan 2019
Porsche Cars North America Announces Three Years of
Electrify America Charging for Taycan Owners, PR Newswire
Jan 2019
Porsche and Electrify America are poised to give Tesla a run
for its money, CNET
Jan 2019
Electrify America Taps Engie Insight for $2 Billion, 10-Year
ZEV Plan, EnergyManagerToday
Jan 2019
E-mobility to the World Economic Forum: ABB, Audi and
IONITY transport delegates in sustainable limos, WebWire
Jan 2019
InstaVolt installs rapid charging solution for Lincolnshire EV
drivers, Renewables News
News
3
4
8
13
89
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Charging > Station Network > Operators: Market Factsheet
71
Exits
Recent InvestmentsCompanies operating charging
station networks
JNS Holdings
(1983, Wheeling)
ChargePoint
(2007, Campbell, $529M)
Volta Charging
(2010, San Francisco, $60M)
Tonik Energy
(2016, London, $16.7M)
Top Companies
Energy Storage > Market Details > Market: Operators
Companies Created 89 | Funded 13 | Total Funding $637M
0
5
10
$0k
$200M
$400M
2014 2015 2016 2017 2018
Market: Operators

Charging > Station Network > Operators: Top Companies
Market: Operators
Analyst’s Pick
Unicorn. Stage: Series H
Partners and 34 Other Investors
Energize, Invenergy Future Fund, General Electric
Tonik Energy (2016, London, $16.7M)
Operators of electric vehicle charging solutions
Editor's Pick. Stage: Series A
Mitsui & Co
InstaVolt (2016, Basingstoke, $14.8M)
Rapid EV charging infrastructure
Zouk Capital
Analyst’s Pick
Minicorn. Stage: Series A
Greg Roebuck, ARENA
Fastned (2012, Amsterdam, $6.1M)
Network of electric vehicle charging stations
Minicorn. Stage: Series A
European Union
Infrastructure for electric vehicle charging
Editor's Pick. Stage: Series B
Investec, Syndicate Room, Earlymarket,
Greenbackers Investment Capital
Cotzero Energy (2018, Bangalore)
Developer of high-power & connected EV charging
infrastructure
ElaadNL (2009, Arnhem)
EV charging infrastructure
Analyst’s Pick
Electrify America (2016, Auburn Hills)
EV charging infrastructure
EVgo (2010, Houston)
Editor's Pick. Stage: Funded
Vision Ridge Partners, NRG Energy
E-way (2018, San Marino)
Provider of EV charging stations in San Marino
Solo (2015, Cork)
Provider of peer to peer charging solutions
BVP Investments

73
Charging > Station Network > Operators: Leaderboard
Market: Operators
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 ChargePoint 2007 Campbell Series H $529M 11 5 4 - - 17.3k 300k 2.1k 65 1.4k 207% 1.9k 12%
4.4 Fastned 2012 Amsterdam Series A $6.1M 9 - 4 - - 5.2k 30k 77 20 27 54% 1.1k 26%
4.2 InstaVolt 2016
Basingstok
e
Series A $14.8M 1 - - - - 1.4k - - 10 - - 526 67%
4.1
Volta
Charging
2010
San
Francisco
Series C $60M 13 3 - - - 1.4k - - 9 - - 167 14%
3.9 Engenie 2011 London Series B $2M 4 - - - - 586 - - 5 - - 272 87%
3.8 EVgo 2010 Houston Funded - 1 4 3 - - 7k 30k 73 30 81
-
1013
%
678 11%
3.4
Tonik
Energy
2016 London Series A $16.7M 1 5 - - 3 3.4k - - 2 - - - -
3.3 Blink 2010 Miami Acquired - - 5 3 - - 5.8k 75k 209 3 24 13% 987 21%
2.8 Chargefox 2017 Melbourne Series A $8M 3 4 4 - 2 265 750 4 3 - - - -
2.8 Solo 2015 Cork Seed - 1 - - - 4 315 - - - - - - -
2.8 FLO 2016 Quebec City Unfunded - - - 3 - - 635 30k 70 3 39 126% 142 29%
2.4
Charge &
Drive
2011 Espoo Unfunded - - - - - - 1.8k - - 5 - - 197 13%
2.3 IONITY 2017 Munich Unfunded - - 3 - - 3 1.7k - - 5 - - 971 153%
2.2 ElaadNL 2009 Arnhem Unfunded - - - - - - 4.7k - - 3 - - 243 5%

Incubators Y Combinator (#1), Comet Labs (#1)
Seed Almi (#1), Tsing Capital (#1)
Series A/B Intel Capital (#1), Lightspeed Venture Partners (#1)
Series C+ Samsung Venture Investment (#1), Movac (#1)
PowerbyProxi Oct - 2017
Acq by Apple
Humavox Jun - 2016
Acq by Deo labo herbal standard for
$16M
FLI Charge Oct - 2015
Acq by vera chi ringo
Energous Mar - 2014
IPO'd on NASDAQ
Splashpower May - 2008
Acquired
$2.1M - Series A
PowerLight (2007, Seattle, $2.1M)
$1.1M - Seed
$9M - Series A
Reachlabs (2014, San Francisco, $120k)
$530k - Seed
WiBotic (2015, Seattle, $3.8M)
Series A
Humavox (2010, Kfar Saba, $930k)
$7M - Series B
Chargifi (2013, London, $10.4M)
$1.9M - Seed
$25.4M - Series C
Feb 2019
Energous Corporation Announces Collaboration with vivo
Global, GlobeNewswire
Feb 2019
Ossia to Demonstrate Cota® 5.8 GHz at Mobile World
Congress- A Pillar in the 5G Infrastructure Roll Out, PR
Newswire
Feb 2019
In Another Industry First, Spark Connected Launches New
Wireless Power Solution for 5G Networks at MWC 2019,
Digital Journal
Jan 2019
Energy Harvesting Market Potential Growth, Share, Demand
and Analysis of Key Players Arveni , Convergence Wireless,
Cymbet Corporation, EnOcean, Honeywell International,
Powercast Corporation, Texas Instruments, openPR
Jan 2019
Chargifi and Belkin International Team up to Unlock the
Potential of Smart Wireless Charging for Business, AiThority
Jan 2019 Drones That Don’t Have To Land For Charging, Clean Future
Jan 2019
Energous’ WattUp can charge hearing aids and other devices
from 15 feet away, VentureBeat
Jan 2019
This Dutch startup just scored €1M funding to develop a chip
for smartwatches and sensors to last forever, Silicon Canals
Jan 2019
Humavox Unveils Seamless Wireless Charging Ecosystem for
Smartphones at CES 2019, Business Wire
Jan 2019 Energous +4.5% ahead of CES demos, Seeking Alpha
Jan 2019
CES 2019: iOttie unveils smartphone car mount with built-in
Amazon Alexa, ZDNet
Dec 2018
Over-the-Air Wireless Charging Grips for Nintendo Joy-Con
Controllers at CES, PowerPulse
News
5
4
17
28
93
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Charging > Wireless > Inductive > Electronics: Market Factsheet
74
Exits
Recent InvestmentsCompanies providing wireless
charging devices based on
wireless induction for electronic
devices
Energous
(2012, San Jose, $5.5M)
Drayson Technologies
(2007, London, $50.4M)
Ossia
(2013, Bellevue, $50M)
uBeam
(2011, San Francisco, $48.8M)
Pi Charging
(2015, San Bruno, $14.9M)
Top Companies
Energy Storage > Market Details > Market: Electronics
0
5
10
15
$0k
$50M
$100M
2014 2015 2016 2017 2018
Market: Electronics

Charging > Wireless > Inductive > Electronics: Top Companies
Market: Electronics
Analyst’s Pick
Ossia (2013, Bellevue, $50M)
Provider of wireless charging solution
Minicorn. Stage: Series B
Motherson Innovations, Molex, KDDI and 4 Other
Investors
Wireless electricity for charging devices
Editor's Pick. Stage: Series C
Founders Fund, Andreessen Horowitz, Upfront
Ventures and 9 Other Investors
Pi Charging (2015, San Bruno, $14.9M)
Wireless charging solution for mobile devices
Foundry Group, Silicon Valley Bank, Uncork Capital
Chargifi (2013, London, $10.4M)
Proximity advertising through wireless charging
station
Editor's Pick. Stage: Series B
Accelerated Digital Ventures, Firstminute Capital,
Hewlett Packard Pathfinder and 4 Other Investors
Analyst’s Pick
IoT devices
Minicorn. Stage: Seed
Disruptive Technology Ventures
Global Energy Transmission (2000,
Vancouver, $2.5M)
Wireless power transmission for drones
IP Fund, Draper Associates
Humavox (2010, Kfar Saba, $930k)
Near-field RF based wireless charging platform
Stanley Black & Decker, cardumen, Eshbol
Ventures, Stanley Ventures
ReVibe Energy (2014, Gothenburg, $450k)
Energy harvesting by converting vibrations into
electricity
Chalmers Ventures, Saab, Almi
Analyst’s Pick
Courant (2018, Brooklyn)
Manufacturers of wireless chargers for mobile
phones
FLI Charge (2015, New York City)
Conductive wireless charging solution
Spark Connected (2017, Dallas)
Provider of wireless charging and power solutions
Tesla Wireless Pad (2018, Los Angeles)
Provider of wireless charging solution for mobile
phones

76
Charging > Wireless > Inductive > Electronics: Leaderboard
Market: Electronics
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Energous 2012 San Jose Public $5.5M 6 - - - - 3k - - 38 - - 214 8%
4.9 Chargifi 2013 London Series B $10.4M 4 - - - - 1.4k - - 7 - - 106 9%
4.6 NuCurrent 2009 Chicago Series A $9.7M 4 - - - - 799 - - 15 - - 23 3%
4.5
PowerbyPro
xi
2007 Auckland Acquired $9M 2 - - - - 1.1k - - 3 - - 2 -
4.4 Ossia 2013 Bellevue Series B $50M 8 4 4 5 5 3.6k 300 8 4 1 14% 31 1%
4.2
Solace
Power
2007
Mount
Pearl
Series A $2.3M 4 - - - - 485 - - 4 - - 26 6%
4.2 Pi Charging 2015 San Bruno Series A $14.9M 2 - - - 3 422 - - 2 - - 67 19%
4.1 Humavox 2010 Kfar Saba Acquired $930k 2 - - - - 588 - - 9 - - 10 2%
4.1 WiBotic 2015 Seattle Seed $3.8M 2 - - - - 121 - - 3 - - 14 13%
4.1 uBeam 2011
San
Francisco
Series C $48.8M 6 - - - - 5.1k - - 13 - - -83 -2%
4.1 Powercast 2003 Pittsburgh Series A $10M 1 - 3 - - 311 757 5 14 - - 71 30%
3.9
Drayson
Technologies
2007 London Series C $50.4M 3 - - - - 801 - - 4 - - -4 -
3.7 Wi Charge 2010 Rehovot Series A $3M 1 - - - - 12 - - 6 - - 1 9%
3.6 Nikola Labs 2014 Columbus Series A $5.2M 4 - - - - 1.6k - - 3 - - -16 -1%
3.6 PowerLight 2007 Seattle Series A $2.1M 1 - - - 4 406 - - 3 - - 2 -

Energy Storage > Market Details > Market: Solid
Market: Solid

Market: Solid

Energy Storage > Market Details > Market: Automotive
Market: Automotive

Market: Automotive

Energy Storage > Market Details > Market: Commercial
Market: Commercial

Market: Commercial

Energy Storage > Market Details > Market: Zinc
Market: Zinc

Market: Zinc

Energy Storage > Market Details > Market: Electric Vehicle
Market: Electric Vehicle

Market: Electric Vehicle (1/2)

Market: Electric Vehicle (2/2)

Market: Electric Vehicle

Energy Storage > Market Details > Market: Thermal
Market: Thermal

Market: Thermal

Energy Storage > Market Details > Market: Battery Management System
Market: Battery Management System

Energy Storage > Market Details > Market: Grid
Companies Created 13 | Funded 7 | Total Funding $1.8B
Market: Grid

Market: Grid

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
105
Notable Acquisitions
Top Acquirers

Tracxn - Energy Storage Startup Landscape

Tracxn - Energy Storage Startup Landscape

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Tracxn - Energy Storage Startup Landscape

Similar to Tracxn - Energy Storage Startup Landscape (20)

More from Tracxn

More from Tracxn (20)

Recently uploaded

Recently uploaded (20)

Tracxn - Energy Storage Startup Landscape