Top Material
Secondary battery solutions, materials, and turnkey factory engineering.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | - | |
| Total Funding | 000k | ||
Top Material Co., Ltd. is a South Korean company specializing in secondary battery materials and system engineering. Founded in 2012 by CEO Dr. No Hwan-jin, a professional with extensive experience in battery development and production at firms like Samsung SDI and A123systems (USA), the company aims to be a leader in the green energy sector. Dr. No holds a Ph.D. in Electrochemistry from Seoul National University and founded his first company, Enerland, in 2001.
The company's business is divided into two primary segments: the development and manufacturing of next-generation cathode materials and a system engineering business that provides turnkey solutions for building secondary battery factories. The system engineering division offers comprehensive services for constructing pilot or giga-scale production lines for cylindrical, pouch, or prismatic cells, which accounted for over 80% of revenue as of early 2024. This includes everything from factory design to equipment supply and setup, leveraging partnerships with proven equipment manufacturers. Top Material has experience building giga-factories in the United States.
In its materials division, Top Material focuses on developing eco-friendly, high-performance cathode active materials. A key product is its cobalt-free, manganese-rich single-crystal cathode material (LMNO), which offers enhanced safety and lower cost compared to conventional NCM materials. The company employs a proprietary nano-milling process that avoids the use of toxic chemicals. Additionally, it produces customized secondary battery electrodes (both NCM and LFP) and primer coating materials that improve battery adhesion, capacity, and lifespan. The company operates an R&D center in Icheon and a manufacturing facility in Asan, South Korea. Originally named Top Battery, the company rebranded to Top Material in 2021 and was listed on the KOSDAQ stock exchange on October 18, 2022.
Keywords: secondary battery materials, cathode active materials, system engineering, turnkey battery factory, cobalt-free cathode, LMNO cathode, battery electrodes, lithium-ion battery solutions, giga-factory engineering, battery manufacturing technology, clean energy materials, manganese-rich cathode, NCM electrodes, LFP electrodes, battery cell validation, eco-friendly battery production, battery supply chain, advanced battery components, energy storage solutions, electric vehicle batteries
