Kokam
Battery manufacturer and battery solution provider.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
* | $88.0m Valuation: $117m | Acquisition | |
| Total Funding | 000k | ||
Established in 1989, Kokam is a South Korean company that has positioned itself as a key developer and manufacturer of lithium-ion battery solutions. The company operates on a vertically integrated business model, controlling the process from battery cell and module production to the delivery of complete, integrated energy storage systems (ESS). This comprehensive approach allows for customized solutions tailored to client needs. Kokam serves a diverse, global client base across more than 50 countries, spanning industries such as marine, aerospace, electric vehicles (EV), and industrial markets. A primary revenue stream is the design, manufacturing, and sale of high-performance battery solutions for demanding applications, including Energy Storage Systems (ESS), Uninterruptible Power Supplies (UPS), and electric vehicles.
A significant milestone in the company's history occurred in October 2018, when it was acquired by SolarEdge Technologies, a global firm specializing in smart energy technology. SolarEdge acquired a 75% stake for approximately $88 million, with the intention of purchasing the remaining shares to make Kokam a wholly-owned subsidiary. This acquisition was a strategic move for SolarEdge to integrate proven battery storage into its product portfolio and expand its offerings in the smart energy market.
Kokam's product portfolio is centered on its proprietary lithium-ion battery technology, which is noted for its high energy density and safety. The company manufactures a range of lithium polymer battery cells and provides comprehensive battery solutions for various sectors. One of its specialized products is the Offshore Liquid-cooled battery system (KOL), which is DNV-certified for safety and reliability on commercial and offshore vessels, designed to save fuel and extend engine life. With a portfolio of over 60 battery-related patents, Kokam has demonstrated a long-standing commitment to technological advancement in energy storage.
Keywords: lithium-ion batteries, energy storage systems, ESS, battery manufacturing, SolarEdge subsidiary, electric vehicles, marine battery solutions, UPS systems, aerospace batteries, high energy density batteries, battery technology, lithium polymer cells, grid services, renewable energy integration, industrial batteries, smart energy, power conversion systems, battery management system, offshore battery systems, customized battery solutions
