Green Cubes
Industrial lithium-ion battery systems for motive power.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Acquisition | |
| Total Funding | 000k | ||
In 1986, Green Cubes Technology was founded in Kokomo, Indiana, with a mission to replace inefficient power sources like lead-acid and fossil fuels. The company began its journey by developing power solutions, witnessing the market's evolution from lead-acid to Nickel-Metal Hydride (NiMH) and eventually to lithium-ion batteries. A key early innovation was being one of the first to use smart-chip microprocessors in their Battery Management Systems. A significant turning point for Green Cubes occurred in March 2020 when it was acquired by JMC Capital Partners, a private equity firm. This event provided the strategic backing to accelerate growth. Mohammed Alobaidi, the Chairman and Chief Strategy Officer at the time, noted that the partnership was well-timed to meet accelerating customer demand for the financial and performance benefits of lithium-ion systems. Following the acquisition, Green Cubes continued its expansion, even acquiring power solutions company Unipower in 2022 to further build out its portfolio. Under this new ownership and the leadership of CEO Michael Walsh, the company has focused on expanding its footprint in the material handling, ground support, and industrial automation markets. Green Cubes has concentrated on making lithium-ion technology a simple, drop-in replacement for older lead-acid batteries, driving efficiency and productivity for its customers.