Tracxn Research - Energy Storage Report, June 2017

Energy Storage – June 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
Tracxn
World’s Largest Startup Research Platform
2

Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 06
Investment Trend 12
Who is Investing 23
Exit Outlook - IPO, Acquisitions 27
Sub Sector Analysis 30
Interesting Companies 48
Useful Links 64
Company List 67
Team 231
3

Sector Overview
Scope of report
Feed definition
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.
Primary inclusions in this feed
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.
Primary exclusions from this feed
Any online multi-brand reseller of the aforementioned products and services have been excluded. Apart from NGOs and
Not for Profit entities.
The scope of this report includes equity as well as debt funding received by the companies.
Disclaimer: The information and data in the report is based on global developments tracked in the sector till May 22, 2017. This is to categorically state that any events
and relevant developments after the said date will not reflect in the report.
4

Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
5
Contents

83
79
92
105
114 114
61
0
24
48
72
96
120
2010 2011 2012 2013 2014 2015 2016
#ofCompanies
YoY – Number of companies founded
6
Liotech Gogoro StoreDot CODA Energy Laidian Ankerbox Xiaodian
Sonnen uBeam UniEnergy Technologies
Advanced
Microgrid Solutions
Roost Staq Energy Cadenza Innovation

Large Upcoming Sectors
# of Companies
Founded
Average
Age
# of Companies
Funded
Business Model
Total
Funding
Example
27 Aug-2013 12
Charging Solutions > Charging Network >
Consumer and Power Electronics
$202M powermat.com
Powermat
2006, Jerusalem
62 Apr-2012 27
Charging Solutions > Wireless Charging >
$279M flicharge.com
FLI Charge
2015, New York City
90 Jun-2010 36
Energy Storage Systems > Behind-the-
meter Storage > Power Storage
$362M sonnenbatterie.de
Sonnen
2010, Wildpoldsried
18 Apr-2010 12
Component Developer > Battery >
Electrolyte
$43M nohms.com
Nohms Technologies
2010, Rochester
32 Jan-2010 14
Energy Storage Systems > Integrated
Energy Storage > Terrestrial Storage
$140M ice-energy.com
Ice Energy
2003, Santa Barbara
26 Jan-2009 17
Component Developer > Battery >
Electrodes
$187M nexeon.co.uk
Nexeon
2006, Abingdon
18 Jan-2009 16 Batteries > Flow Batteries $465M vionxenergy.com
VionX Energy
2002, Woburn
31 Jul-2007 18 Batteries > Capacitors $316M store-dot.com
StoreDot
2012, Herzliya
7

# of Companies
Founded
Average
Age
# of Companies
Funded
Business Model
Total
Funding
Example
20 Jan-2007 9 Fuel Cell > Fuel Cell Systems > Stationary $104M fuelcellenergy.com
FuelCell Energy
1969, Danbury
16 Nov-2006 7 Fuel Cell > Developers > Multi-Technology $357M clearedgepower.com
ClearEdge Power
2003, Hillsboro
23 Aug-2006 11
Charging Solutions > Plug-in Charging >
Automotive
$837M chargepoint.com
ChargePoint
2007, Campbell
16 Aug-2006 8 Fuel Cell > Developers > Others $120M oorjafuelcells.com
Oorja Protonics
2004, Fremont
37 May-2006 16 Batteries > Other Chemistries $502M phinergy.com
Phinergy
2008, Lod
29 Aug-2005 19
Energy Storage Systems > Grid Storage >
Power Storage
$3.8B alevo.com
Alevo
2009, Martigny-ville
21 Sep-2004 14 Fuel Cell > Developers > Solid Oxide $1.0B bloomenergy.com
Bloom Energy
2001, Sunnyvale
49 Jul-2003 30
Energy Storage Systems > Integrated
Energy Storage > Power Storage
$1.1B stem.com
Stem
2009, Millbrae
8

# of Companies
Founded
Average
Age
# of Companies
Funded
Business Model
Total
Funding
Example
51 Feb-2003 30
Energy Storage Systems > Grid Storage >
Terrestrial Storage
$713M amberkinetics.com
Amber Kinetics
2009, Union City
36 Apr-2002 18 Fuel Cell > Developers > PEM $577M acalenergy.co.uk
Acal Energy
2004, Runcorn
9

Niche Upcoming Sectors
# of Companies
Founded
Average
Age
# of Companies
Funded
Business Model
Total
Funding
Example
11 Jan-2014 4
Energy Storage Systems > Behind-the-
meter Storage > Terrestrial Storage
$823K
aug-
wind.com
Augwind
2012, Rehovot
11 Apr-2011 3
Charging Solutions > Charging Network >
Automotive
$180M gogoro.com
Gogoro
2011, Taipei
13 Feb-2011 9
Charging Solutions > Wireless Charging >
Automotive
$43M
pluglesspowe
r.com
Evatran
2009, Wytheville
7 Aug-2009 4 Fuel Cell > Fuel Cell Systems > Portable $5M ezelleron.eu
Ezelleron
2008, Dresden
9 Nov-2008 7
Component Developer > Energy Storage
System
$89M
cnanotechnol
ogy.com
Cnano Technology
2006, Santa Clara
10 Sep-2007 9 Batteries > Zinc-Ion $358M
zpowerbatter
y.com
ZPower Battery
1996, Camarillo
10

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
11
Contents

YoY – Number of Rounds and Total Funding
$0.6B
$1.1B
$1.3B $1.3B
$0.7B
$1.3B
$2.5B
$1.1B
$3.3B
57
84
79
94 96
130
169
159
165
0
36
72
108
144
180
0.0
0.7
1.4
2.1
2.8
3.5
2008 2009 2010 2011 2012 2013 2014 2015 2016
#ofRounds
FundingAmountin($B)
12

YoY – Number of Rounds by Stage
14 15
26
34 30
17
44 47
50
76
79
89
25 19
23
27
24 27
0
32
64
96
128
160
2011 2012 2013 2014 2015 2016
#ofRounds
Seed Early Late
13

YoY – Funding by Stage
$8M $7M $12M $12M $18M $6M
$345M
$219M $164M
$374M $396M $422M
$919M
$371M
$868M
$1.7B
$366M
$1.6B
0
500
1000
1500
2000
2500
2011 2012 2013 2014 2015 2016
TotalFundingin($M)
Seed Early Late
14

Average Ticket Size – Early Stage
$0.8M
$0.6M $0.6M $0.6M
$1.1M
$0.7M
$6.5M
$5.5M
$3.1M
$5.3M
$4.8M
$5.2M
$16.6M
$11.6M
$9.8M
$14.5M
$14.3M
$13.8M
0.0
3.6
7.2
10.8
14.4
18.0
2011 2012 2013 2014 2015 2016
FundingAmountin($M)
Seed Series A Series B
15

Company
Funding
Amount
Round
Name
Date Investors
byd.com
BYD
(Shenzhen, 1995)
$450M Series G Jul-2016 Samsung
microvast.com
Microvast
(Stafford, 2006)
$400M PE Apr-2017
CITIC Securities International, CDH Investments, National Venture Capital
Association
bak.com.cn
BAK Battery
(Shenzhen, 2001)
$133M Series B Oct-2016 Small Ville Financial Advisor
sonnenbatterie.de
Sonnen
(Wildpoldsried, 2010)
$85M Series D Oct-2016 Envision Energy
chargepoint.com
ChargePoint
(Campbell, 2007)
$82M Series G Mar-2017
Daimler, BMW i Ventures, Linse Capital, Rho Capital Partners, Braemar Energy
Ventures
chargepoint.com
ChargePoint
(Campbell, 2007)
$58M Series F May-2016
Braemar Energy Ventures, Constellation, Statoil, Envision Ventures, Linse
Capital
xiaodian.so
Xiaodian
(Beijing, 2016)
$51M Series B May-2017 Sequoia China, Banyan Capital, Tencent, CDH Investments, Kunzhong Capital
nexeon.co.uk
Nexeon
(Abingdon, 2006)
$44M Series E May-2016 Imperial Innovations, Invesco, Woodford Investment Management
16
Top investments in last one year

Company
Funding
Amount
Round
Name
Date Investors
primuspower.com
Primus Power
(Hayward, 2009)
$32M Series D Mar-2017
Matador Capital, Anglo American Platinum, DBL Partners, I2BF Global
Ventures, Success Dragon
chargepoint.com
ChargePoint
(Campbell, 2007)
$24M Series G May-2017 BMW i Ventures, Linse Capital, Rho Capital Partners, Braemar Energy Ventures
eosenergystorage.com
Eos Energy Storage
(New York City, 2007)
$23M Series C Oct-2016
stem.com
Stem
(Millbrae, 2009)
$23M Series C May-2016 Mithril
vionxenergy.com
VionX Energy
(Woburn, 2002)
$22M Series F Apr-2017
fluidicenergy.com
Fluidic Energy
(Scottsdale, 2006)
$20M PE Nov-2016 Asia Climate Partners
imlaidian.com
Laidian
(Shenzhen, 2014)
$20M Series A Apr-2017 SIG China, Redpoint Ventures, Nine co-venture
skeletontech.com
Skeleton Tech
(Berlin, 2009)
$15M Series C Aug-2016 FirstFloor Capital, UP Invest, Harju Elekter Group
17

Company
Funding
Amount
Round
Name
Date Investors
xiaodian.so
Xiaodian
(Beijing, 2016)
$15M Series A Mar-2017 GSR Ventures, In Capital, DT Capital Partners, China Merchants Capital
jiediankeji.com
Ankerbox
(Guangdong, 2015)
$14M Series A Apr-2017 IDG Capital Partners
draysontechnologies.com
Drayson Technologies
(London, 2007)
$12M Series B May-2016 Lansdowne Partners, Woodford Investment Management
nrstor.com
NRStor
(Toronto, 2012)
$11M Series A Feb-2017 LPFCEC
staqenergy.com
Staq Energy
(Louisville, 2015)
$10M Series A May-2016
gaelectric.ie
Gaelectric
(Ringsend, 2004)
$9M PE Aug-2016 European Union
convergentep.com
Convergent Energy and
Power
$9M Series B May-2016
ilika.com
Ilika
(Chilworth, 2004)
$8M PE Oct-2016
18

Company
Funding
Amount
Round
Name
Date Investors
silatronix.com
Silatronix
(Madison, 2007)
$8M Series B Jun-2016 hitachi chemical, Inabata
wildcatdiscovery.com
Wildcat Discovery
Technologies
(San Diego, 2006)
$8M Series B Apr-2017
zapgo.com
ZapGo
(Oxford, 2013)
$8M
Convertible
Debt
Sep-2016
abmeastafrica.com
ABM Kenya
(Nairobi, 1963)
$7M PE Jun-2016 METAIR
redbacktech.com
Redback Technologies
(Brisbane, 2015)
$7M Series A Oct-2016 EnergyAustralia
unchartedplay.com
Uncharted Play
$7M Series A May-2016 Kapor Capital, Magic Johnson, BBG Ventures
wildcatdiscovery.com
Wildcat Discovery
Technologies
(San Diego, 2006)
$6M Series B Dec-2016
gridtential.com
Gridtential
(San Jose, 2010)
$6M Series A Jan-2017
East Penn Manufacturing Co., Crown Battery, Leoch International Technology,
Power-Sonic
19

Company
Funding
Amount
Round
Name
Date Investors
cadenzainnovation.com
Cadenza Innovation
(Oxford, 2016)
$5M Series A Jul-2016 Golden Seeds, Connecticut Innovations, Scale Investors
brightvolt.com
BrightVolt
(Redmond, 1998)
$5M Series B Sep-2016 New Science Ventures
elixwireless.com
ELIX Wireless
(Vancouver, 2013)
$5M Series A Sep-2016 Chongqing Zongshen Power Machinery Co Ltd (001696)
lionano.com
Lionano
(Ithaca, 2013)
$5M Series A Nov-2016 NXT Ventures, Wave Equity Partners, Dynavolt Renewable Energy Technology
nohms.com
Nohms Technologies
(Rochester, 2010)
$5M Series B Aug-2016 Phoenix Venture Partners, Solvay, Empire State Development
zafsys.com
ZAF Energy Systems
(Columbia Falls, 2011)
$5M Series A Jan-2017
hyperdriveinnovation.com
Hyperdrive Innovation
(Sunderland, 2010)
$5M Series A May-2016 Hamilton Capital, Rivers Capital Partners
bluesparktechnologies.com
Blue Spark Technologies
(Westlake, 2003)
$4M Series D Nov-2016
20

Funnel view of Sector
Percent of
Previous
48%
41%
57%
127
86
142
250
608
1265
0 280 560 840 1120 1400
M&A & IPO
Late
Series B
Series A
Funded
Founded
# of Companies
21

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
22
Contents

Most Active Investors in Sector
33
12
11 11
10
9 9 9
7 7
0
7
14
21
28
35
Department of
Energy (US)
Intel Capital Climate-KIC NYSERDA KPCB Conduit
Ventures
In-Q-Tel Khosla Ventures ARPA-E Braemar Energy
Ventures
TotalNumberofCompanies
23
Wildcat Discovery
Technologies
ZPower Battery Powervault Watt Fuel Cell Bloom Energy
Vairex
Air Systems
Infinite Power
Solutions
Ambri Fluidic Energy ChargePoint
VoltServer WiTricity Suntherm Eos Energy Storage ChargePoint
Ballard
Power Systems
Contour
Energy
Sakti3 Primus Power BrightVolt

Where are Top Investors investing
24

Top Investor by Stage of Entry
25

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
26
Contents

Date Company Acquirer
Deal
size
Overview
Total
Funding
May-2017 greensmithenergy.com
Greensmith Energy
(Rockville, 2009)
wartsila.com
Energy storage software and analytics company
TDF Ventures, E.on, American Electric Power, Signatures
Capital, Cota Capital
$28.3M
May-2017 jiediankeji.com
Ankerbox
(Guangdong, 2015)
bj.jumei.com $43.5M
Mobile charging network
IDG Capital Partners
$14M
Apr-2017 ebonex.co.uk
Ebonex Technologies
(Abertillery, 1982)
aquametals.com
Lead Acid battery component developers
Turquoise
Mar-2017 novonix.ca
Novonix
(Dartmouth, 2013)
graphitecorp.com.
au
Developers of high precision battery testing systems
Innovacorp
$40K
Feb-2017 nesscap.com
Nesscap
(Yongin, 2000)
maxwell.com $23M
Ultracapacitors for energy storage
I2BF Global Ventures, Rusnano, USCAR, Arbat Capital
$11.5M
Feb-2017 protononsite.com
Proton OnSite
(Wallingford, 1996)
nelhydrogen.com
Makes gas generator system
Solstice Capital, Kinetic Ventures, Haddington Ventures, LLC
Jan-2017 demand-energy.com
Demand Energy
Networks
(Liberty Lake, 2008)
enelgreenpower.
com
Data analytics platform with integration of energy storage
systems for demand management
Western Technology Investment
$15.4M
Dec-2016 pilusenergy.com
Pilus Energy
(Cincinnati, 2011)
opentherapeutics.
org
Microbial fuelcell developer
27
Major Acquisitions in last one year

Energy Storage – June 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.28
Major Acquisitions in last one year

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
29
Contents

May 2017Tracxn BlueBox : Energy Storage
1266 companies in the sector, 371 funded in last 5 years, $4.28B invested in 2016/17 (YTD)
30

Top Business Models by Funding
$4.7B
$4.4B
$2.3B
$1.0B
$0.4B
$0.2B
0.0
1.0
2.0
3.0
4.0
5.0
Energy Storage Systems Batteries Fuel Cell Charging Solutions Component Developer Battery Management
TotalFundingin($B)
31
Avg. Age May-07 Aug-99 Nov-03 Jun-10 Sep-03 Nov-07
#Cos. 262 364 176 310 72 81
Alevo Boston Power Bloom Energy ChargePoint Nexeon Younicos
BYD Microvast Intelligent Energy Gogoro
Wildcat Discovery
Technologies
Lucid

Energy Storage Systems – Business Model
Description

Energy Storage Systems – Key Trends
33

Energy Storage Systems – Most Funded Companies

Batteries – Business Model Description

Batteries – Key Trends
36

Batteries – Most Funded Companies

Fuel Cell – Business Model Description

Fuel Cell – Key Trends
39

Fuel Cell – Most Funded Companies

Charging Solutions – Business Model Description

Charging Solutions – Key Trends
42

Charging Solutions – Most Funded Companies

Component Developer – Business Model
Description

Component Developer – Key Trends
45

Component Developer – Most Funded Companies

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
47
Contents

Interesting Unfunded Companies
Company Overview Business Model
elemize.com
Elemize
(2016, Rome)
DER Management System
Battery Management > DERMS
starsailorpower.com
Star Sailor Power
(2015, Cincinnati)
Patented energy storage developer Energy Storage Systems > Integrated Energy
Storage > Terrestrial Storage
skyven.co
Skyven Technologies
(2012, Dallas)
Solar thermal storage and power generation provider Energy Storage Systems > Integrated Energy
Storage > Terrestrial Storage
tanktwo.com
Tanktwo
(2012, Vantaa)
Battery technology for electric vehicles
Batteries > Lithium-Ion
constructisllc.com
Constructis
(2010, Greenville)
Kinetic Energy storage for electricity generation Energy Storage Systems > Grid Storage >
Terrestrial Storage
flicharge.com
FLI Charge
(2015, New York City)
Conductive wireless charging solution Charging Solutions > Wireless Charging >
magpowersystems.com
MagPowerSystems
(1999, White Rock)
Developers of Magnesium Air Fuel Cells
Fuel Cell > Developers > Others
eonixenergy.com
Eonix
(2013, Colonie)
Developers of Electrolytes for Ultracapacitors
Component Developer > Battery > Electrolyte
Curated list of companies by the sector analyst are defined as Interesting

Interesting Unfunded Companies

Interesting Seed Companies

Interesting Series A Companies

Interesting Series B Companies

Interesting Late Stage Companies

Top Funded Deadpooled Companies

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
63
Contents

Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Large Upcoming Sectors Entrepreneur Activity Link
Niche Upcoming Sectors Entrepreneur Activity Link
Top investments in last one year Investment Trend Link
Top IPOs in last three years Exit Outlook - IPO, Acquisitions Link
Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link
Energy Storage System – Most Funded Companies Sub Sector Understand Link
Batteries– Most Funded companies Sub Sector Understand Link
Fuel Cell – Most Funded Companies Sub Sector Understand Link
Charging Solutions – Most Funded Companies Sub Sector Understand Link
Component Developer – Most Funded companies Sub Sector Understand Link
Top Funded Deadpooled Companies Companies Link
64

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
66
Contents

Energy Storage – List of Companies
Energy
Storage Systems
Batteries Fuel Cell
Charging
Solutions
Component
Developer
Battery
Management
607 FUNDED COMPANIES AND 659 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS

Energy Storage Systems (1/33)
Total
Funding
paytm.com
Sonnen
(2010, Wildpoldsried)
Energy storage system providers
eCAPITAL, Munich Venture Partners, GE Ventures, Inven Capital, SET
Ventures, Envision Energy
Behind-the-meter Storage >
Power Storage
$97.7M
Green Charge
(2009, Santa Clara)
Energy Storage providers for Non-domestic users
TIP Capital, K Road DG
Power Storage
$66M
Keahole Solar Power
(2007, Honolulu)
Solar Energy Storage and Installation
Advantage Capital
Power Storage
$29.6M
FlexGen Power Systems
(2009, Houston)
Develops technology of ultracapacitores, Li-ion and Ni-Zn battries
Altira Group, Caterpillar, GE Ventures
Power Storage
$25.5M
Advanced Microgrid
Solutions
(2013, San Francisco)
Reverse generation
Double Bottom Line Investors, Engie, DBL Partners
Power Storage
$24.8M
Acumentrics
(1994, Westwood)
UPS and Fuel Cell developer for Military use
Chevron, Department of Energy (US), BIRD Foundation, Clean Energy
Venture Group
Power Storage
$21M
ELIIY Power
(2006, Tokyo)
Lithium based battery systems and ESS
JAFCO, INPEX
Power Storage
$20.7M
Staq Energy
(2015, Louisville)
Distributed Energy Storage solution provider Behind-the-meter Storage >
Power Storage
$10M
Go to BM List >> Batteries

Total
Funding
paytm.com
Eguana Technologies
(1999, Calgary)
Manufactures inverters and storage devices
Doughty Hanson
Power Storage
$8.5M
SkyBuilt Power
(2002, Arlington)
Off-grid power solutions for off-road terrain
Gamesa, In-Q-Tel
Power Storage
$5.9M
Powervault
(2012, London)
Energy storage integrated with solar
Crowdcube, Climate-KIC, Sustainable Ventures, UK Government, London
Co-Investment Fund, Green Angel Syndicate, Future Matters
Power Storage
$4.2M
SimpliPhi Power
(2002, Ojai)
Battery Backup Solution provider Behind-the-meter Storage >
Power Storage
$3.5M
Earl Energy
(2009, Virginia Beach)
Off-Grid power solutions for Defense use Behind-the-meter Storage >
Power Storage
$3.2M
MicroGen Systems
(2007, Rochester)
Energy harvesting devices and sensors based on Piezo-MEMS technology
XTRION N.V.
Power Storage
$2.6M
Ferroamp
(2010, Spanga)
Smart Energy Management system developer
Almi Invest, KIC InnoEnergy, Pacific Power
Power Storage
$1.8M
Volterion
(2014, Dortmund)
Redox Flow battery developer for behind-the-meter use
Fraunhofer Venture
Power Storage
$1.4M

Total
Funding
paytm.com
Perpetual V2G
(2013, Lampeter)
Developers of clean technology solutions
Finance Wales
Power Storage
$721.5K
Moixa
(2006, London)
Residential energy storage solution provider
Tokyo Electric Power Company, Innovate UK
Power Storage
$625.7K
Gridless Power
(2010, Collingswood)
Battery pack for off-grid applications Behind-the-meter Storage >
Power Storage
$465K
Northern Reliability
(2007, Waitsfield)
Experts in power solutions and energy storage
Vermont Center for Emerging Technologies, Vermont Sustainable Jobs
Fund
Power Storage
$355K
Incell International
(2004, Kista)
Battery system for telecom application and micro-grids Behind-the-meter Storage >
Power Storage
$350K
Solar Grid Storage
(2011, Rockville)
Develops battery storage systems
Department of Energy (US), Capital E, Ben Franklin Technology Partners of
Southeastern Pennsylvania
Power Storage
$250K
Totus Power
Portable Battery packs
Start-Up Chile, Singularity Education Group, Impact Engine
Power Storage
$125K
Veela Energia
(2015, Sao Paulo)
Energy Storage solution for residential users Behind-the-meter Storage >
Power Storage

Batteries (1/47)
Total
Funding
paytm.com
StoreDot
(2012, Herzliya)
Fast charging bio-organic batteries
Rhodium, Nation-E, Samsung Venture Investment, Singulariteam
Capacitors $66M
Ioxus
(2007, Oneonta)
Large Format Supercapacitor Manufacturer
IFC, General Electric, Correlation Ventures, Braemar Energy Ventures,
Aster Capital, Westly Group, Schneider Electric, Energy Technology
Ventures, Northwater Capital, ALSTOM, ATEL Capital Group, Cayuga
Venture Fund, NYSERDA
Capacitors $43M
Skeleton Tech
(2009, Berlin)
Develops and manufactures ultra capacitors
FirstFloor Capital, European Investment Bank, KIC InnoEnergy, Harju
Elekter Group, UP Invest
Capacitors $34.8M
Nesscap
(2000, Yongin)
Ultracapacitors for energy storage
I2BF Global Ventures, Rusnano, USCAR, Arbat Capital
Capacitors $11.5M
FastCAP System
(2008, Boston)
Manufactures ultracapacitors
Department of Energy (US), Simon School Venture Capital Fund, Windsail
Capital Group, CRANBERRY CAPITAL
Capacitors $9.4M
ZapGo
(2013, Oxford)
Supercapacitor based charging solutions
Capacitors $7.7M
Dais Analytic
(1993, Odessa)
Develops nano technology solutions for water and air purification
Department of Energy (US), United States Department of Defense, Sage
Technology Resources, Small Business Innovation Research
Capacitors $5.8M
Energy Storage
Systems
<< Go to BM List >> Fuel Cell

Batteries (2/47)
Total
Funding
paytm.com
Paper Battery
(2008, Troy)
Develops paper based super capacitors and batteries
Seed Capital Fund of Central New York, Eastern NY Angels, Caerus
Ventures, NYSERDA, TYLT Ventures
Capacitors $3.7M
Nawa Technologies
(2013, Gardanne)
Advanced material manfacturing company based on organized nano
structures for multi-domain applications
Demeter Partners, CEA Investissement, KIC InnoEnergy, Paca Investment
Capacitors $3.4M
Nano Tune
(2007, Mountain View)
Advanced Supercapacitors
Draper Fisher Jurvetson
Capacitors $3.1M
EEStor
(2001, Toronto)
Ultracapacitor technology developer
KPCB
Capacitors $3M
Inmatech
(2007, Ann Arbor)
Super-capacitor developer
Fraunhofer Venture
Capacitors $1.5M
Amperics
(2009, Livermore)
Ultra-capacitor developers
Alps Ventures
Capacitors $1.1M
Graphene Energy
(2008, Austin)
Develops ultracapacitors
21Ventures
Capacitors $500K
Yunasko
(2010, Kyiv)
Developers of ultracapacitors for energy storage
Capacitors
Energy Storage
Systems

Batteries (3/47)
Total
Funding
paytm.com
FlashCharge Batteries
(2014, Miami)
Fast Charging Battery Technology
Capacitors
Teemp
(2011, Khimki)
Developer of super-capacitors for automotive use
Capacitors
SPEL
(2012, Pune)
Manufacturer and developer of Supercapacitor
Capacitors
Epic Power
(2012, Zaragoza)
Energy Storage based elevator efficiency solution
Capacitors
Capacitech Energy
(2016, Orlando)
Energy Storage in coaxial cables
Capacitors
C2C Newcap
(2014, Oeiras)
Manufacturers of supercapacitors
Capacitors
General Capacitor
(2011, Tallahassee)
Lithium ion based ultracapacitor
Leon County R&D Authority
Capacitors
UltraCap Investment
(2016, London)
Ultracapacitors for electric vehicles
Capacitors
Energy Storage
Systems

Batteries (4/47)
Energy Storage
Systems

Batteries (5/47)
Energy Storage
Systems

Batteries (6/47)
Energy Storage
Systems

Batteries (7/47)
Energy Storage
Systems

Batteries (8/47)
Energy Storage
Systems

Batteries (9/47)
Energy Storage
Systems

Batteries (10/47)
Energy Storage
Systems

Batteries (11/47)
Energy Storage
Systems

Batteries (12/47)
Energy Storage
Systems

Batteries (13/47)
Energy Storage
Systems

Batteries (14/47)
Energy Storage
Systems

Batteries (15/47)
Energy Storage
Systems

Batteries (16/47)
Energy Storage
Systems

Batteries (17/47)
Energy Storage
Systems

Batteries (18/47)
Energy Storage
Systems

Batteries (19/47)
Energy Storage
Systems

Batteries (20/47)
Energy Storage
Systems

Batteries (21/47)
Energy Storage
Systems

Batteries (22/47)
Energy Storage
Systems

Batteries (23/47)
Energy Storage
Systems

Batteries (24/47)
Energy Storage
Systems

Batteries (25/47)
Energy Storage
Systems

Batteries (26/47)
Energy Storage
Systems

Batteries (27/47)
Energy Storage
Systems

Batteries (28/47)
Energy Storage
Systems

Batteries (29/47)
Energy Storage
Systems

Batteries (30/47)
Energy Storage
Systems

Batteries (31/47)
Energy Storage
Systems

Batteries (32/47)
Energy Storage
Systems

Batteries (33/47)
Energy Storage
Systems

Batteries (34/47)
Energy Storage
Systems

Batteries (35/47)
Energy Storage
Systems

Batteries (36/47)
Energy Storage
Systems

Batteries (37/47)
Energy Storage
Systems

Batteries (38/47)
Energy Storage
Systems

Batteries (39/47)
Energy Storage
Systems

Batteries (40/47)
Energy Storage
Systems

Batteries (41/47)
Energy Storage
Systems

Batteries (42/47)
Energy Storage
Systems

Batteries (43/47)
Energy Storage
Systems

Batteries (44/47)
Energy Storage
Systems

Batteries (45/47)
Energy Storage
Systems

Batteries (46/47)
Energy Storage
Systems

Batteries (47/47)
Energy Storage
Systems

Fuel Cell (1/23)
Total
Funding
paytm.com
Sainergy Tech
(2008, Marietta)
Manufacturer and supplier of fuel cell components Component developers >
Catalytic Materials
RenCat Power
(2014, Copenhagen)
Ammonia to Hydrogen generation technology developer for PEM Fuel
Cell
Climate-KIC, Innovationsfonden
Component developers >
Catalytic Materials
Pajarito Powder
(2012, Albuquerque)
Manufactures precious-metal-free catalysts and carbon supports for fuel
cells.
Verge Fund
Catalytic Materials
Fuel Cell Materials
(2000, Lewis Center)
Fuel Cell component manufacturers Component developers >
Catalytic Materials
Amalyst
(2012, Birmingham)
Low cost electrocatalyst for use in fuel cells and water electrolysers
Midven, UCL Business
Catalytic Materials
Precision Combustion
(1986, North Haven)
Develops catalytic reactors and fuel processors Component developers >
Catalytic Materials
Johnson Matthey
(2001, Garrettsville)
Offers Catalytic heat-exchanging materials Component developers >
Catalytic Materials
NovaKat
(2013, Adelaide)
Fuel-Cell component developer Component developers >
Catalytic Materials
Batteries << Go to BM List >> Charging Solutions

Fuel Cell (2/23)
Total
Funding
paytm.com
McPhy Energy
(2008, Grenoble)
Solid state hydrogen storage technology developer
Gimv, Sofinnova Partners, Amundi, Areva, Emertec Gestion, Clipperton
Finance
Hydrogen
$32.3M
Ergosup
(2012, Malataverne)
Developer of network of hydrogen fueling stations
Air Liquide, Demeter Partners, Gocapital, Arkea Capital Investissement
Hydrogen
$5.9M
Joi Scientific
(2009, Kennedy)
On-demand Hydrogen production for multiple purposes Component developers >
Hydrogen
$5M
HydroPhi
(2008, Atlanta)
Uses hydrogen to fuel vehicles
CTW Venture Partners
Hydrogen
$3.6M
Zenogen
(2012, Eveleigh)
Technology to produce cheap hydrogen
Artesian, Sydney Angels
Hydrogen
$435K
H2 Energy Now
(2010, Beersheba)
Hydrogen generation using radio waves
Davidson Companies, TheHive by Gvahim
Hydrogen
$75K
Vandenborre Energy
Systems
(2006, Kasterlee)
Hydrogen storage systems Component developers >
Hydrogen
HydroStar
(2013, Estacada)
Hydrogen generation and storage system Component developers >
Hydrogen

Fuel Cell (3/23)
Total
Funding
paytm.com
Hygen
(1998, Los Angeles)
Hydrogen generation equipment developer Component developers >
Hydrogen
Angstrom Advanced
(2007, Stoughton)
Manufacturer of cleantech products
Mass
Hydrogen
Ivy Energy Solutions
(2014, Boston)
Onsite hydrogen generation system developer
Mass
Hydrogen
H2gen Innovations
(2001, Alexandria)
On-site hydrogen generator
Commons Capital
Hydrogen
GreenChek Technology
Hydrogen generation and storage Component developers >
Hydrogen
H2-Industries
(2011, Wollerau)
Hydrogen storage solution providers Component developers >
Hydrogen
H2 Logic
(2003, Herning)
Hydrogen refueling stations
Danish Energy Agency
Hydrogen
Element 1
(2010, Bend)
Makes hydrogen generator, fuel reformer. Component developers >
Hydrogen

Fuel Cell (4/23)

Fuel Cell (5/23)

Fuel Cell (6/23)

Fuel Cell (7/23)

Fuel Cell (8/23)

Fuel Cell (9/23)

Fuel Cell (10/23)

Fuel Cell (11/23)

Fuel Cell (12/23)

Fuel Cell (13/23)

Fuel Cell (14/23)

Fuel Cell (15/23)

Fuel Cell (16/23)

Fuel Cell (17/23)

Fuel Cell (18/23)

Fuel Cell (19/23)

Fuel Cell (20/23)

Fuel Cell (21/23)

Fuel Cell (22/23)

Fuel Cell (23/23)

Charging Solutions (1/39)
Total
Funding
paytm.com
Gogoro
(2011, Taipei)
Electric scooter developer and battery swapping infrastructure provider
Panasonic, National Development Fund
Charging Network >
Automotive
$180M
Dianba New Energy
Technology
(2001, Shanghai)
Battery swapping solution developer Charging Network >
Automotive
FirstElement Fuel
(2014, Newport Beach)
Hydrogen refueling station network developer Charging Network >
Automotive
Standard Hydrogen
(2012, Ithaca)
Network of hydrogen refueling stations Charging Network >
Automotive
Evolve USA Charging
(2013, Wheeling)
EV Charging infrastructure developer Charging Network >
Automotive
JNS Holdings
(2011, Wheeling)
Operator and Installer of EV Charging stations Charging Network >
Automotive
Metro Plug-In
(2010, Woodstock)
EV Charging Infrastructure developer Charging Network >
Automotive
YCharge
(2014, Sofia)
Community sharing electric vehicle charging infrastructure Charging Network >
Automotive
Fuel Cell << Go to BM List >>
Component
Developer

Total
Funding
paytm.com
Verd2GO
(2014, Kansas City)
Battery swapping charging infrastructure Charging Network >
Automotive
PlugSurfing
(2012, Berlin)
App to connect electric car drivers to charging station owners
Cleantech Invest, Climate-KIC, Startup Incubator
Charging Network >
Automotive
Donea
(2012, Copenhagen)
EV charging infrastructure Charging Network >
Automotive
Powermat
(2006, Jerusalem)
Customer engagement by providing wireless charging
Goldman Sachs, Maniv Mobility, Burch Creative Capital, General Motors,
Leumi Partners, Navitas Capital, Tivona Capital
Charging Network > Consumer
and Power Electronics
$82.5M
Xiaodian
(2016, Beijing)
Mobile phone charging network
CDH Investments, Tencent, GSR Ventures, DT Capital Partners, Sequoia
China, Banyan Capital, In Capital, China Merchants Capital, Kunzhong
Capital
$50.7M
Laidian
(2014, Shenzhen)
Mobile phone charger network
Redpoint Ventures, SIG China, Nine co-venture
$20M
Ankerbox
(2015, Guangdong)
Mobile charging network
IDG Capital Partners
$14M
ChargeItSpot
(2012, Philadelphia)
Mobile charging kiosks
SoundBoard Angel Fund, Robin Hood Ventures, Seedinvest, FusionX
Ventures
$8.4M
Component
Developer

Total
Funding
paytm.com
Uncharted Play
Micro-generators using energy harvesting
Kapor Capital, Magic Johnson, BBG Ventures, ABO Capital
$7M
Doblet
Provides mobile phone charging infrastructure
Y Combinator, SoftTech VC
$1.4M
goCharge
Offers charging solutions at events Charging Network > Consumer
$1.1M
Skysense
(2013, San Diego)
RC charging stations for drones
Qualcomm, Techstars
$120K
WeCharge Tech
(2015, Paris)
Charging solutions for mobile devices Charging Network > Consumer
BluNet
(2016, Stockholm)
Develops a drone charging system Charging Network > Consumer
Battere
(2013, Zurich)
Power bank rental solutions Charging Network > Consumer
NoMo Battery
(2016, Brooklyn)
Power bank rental service provider Charging Network > Consumer
Component
Developer

Component
Developer

Component Developer (1/9)
Total
Funding
paytm.com
Wildcat Discovery
Technologies
(2006, San Diego)
Battery component developers
Department of Energy (US), 5AM Ventures, Infield Capital, CMEA Ventures,
Presidio Partners
Battery $44.1M
Silatronix
(2007, Madison)
Uses organosilicon with nanostructured electorde
Venture Investors, hitachi chemical, Inabata, NEW Capital Fund,
Wisconsin, Venture Management
Battery $12.2M
Primet Precision
(2003, Ithaca)
Advanced materials company manufacturing battery components
Morgan Stanley, Draper Fisher Jurvetson, Cayuga Venture Fund, ATEL
Capital Group, Cayuga Venture Fund, NYSERDA
Battery $1M
eChemion
(2012, Oregon)
Flow battery component developer
Oregon BEST
Battery $486.2K
Thin Profile Technologies
(2008, Champlin)
Battery component manufacturers
Battery $250K
QuickCable
(1946, Franksville)
Energy Storage and Battery components developers
Battery
Topband
(1996, Shenzhen)
Battery components for heavy duty electric vehicles and energy storage
solutions Battery
Sila Nanotechnologies
(2011, Alameda)
Battery performance improvement material
Bessemer Venture Partners, Matrix Partners, Sutter Hill Ventures, In-Q-Tel,
Small Business Innovation Research, ARPA-E
Battery
Charging
Solutions
<< Go to BM List >>
Battery
Management

Charging
Solutions
<< Go to BM List >>
Battery
Management

Battery Management (1/11)
Total
Funding
paytm.com
Lucid
(2005, Netanya)
Battery saving software for Android OS
Giza Venture Capital, Genesis Partners, Intel Capital, Rho Capital Partners,
Rho Ventures, Rho Canada Ventures, Giza Venture Capital
BMS $46M
Canara
(1992, San Rafael)
UPS and Battery Monitoring solution
CBC Capital, Columbia Capital
BMS $26M
Silicon Mitus
(2007, Seongnam-si)
Developer of power management solutions
Walden International, ePlanet Capital, Korea Investment Partners
BMS $12M
Qnovo
(2010, Newark)
Makes software which enhances battery performance
Sony Mobile, Intel Capital, U.S Venture Partners, BlueRun Ventures,
Terawatt Ventures, RockPort Capital, Constellation, Constellation
Technology Ventures
BMS $8.6M
Servato
(2014, New Orleans)
Smart Battery Management Solution developers
ATCO, Louisiana Fund, Fibrebond, NOLA Angel Network
BMS $4.5M
Dukosi
(2003, Edinburgh)
Designs smart energy storage systems
Scottish Enterprise, Par Equity, IP Group, scottish-enterprise.com/sib
BMS $4.3M
Packet Digital
(2003, Fargo)
Develops power management solutions
Department of Energy (US), National Science Foundation, Dakota Venture
Group, United States Department of Defense, HHS, ND State Government
BMS $4.1M
Spiers New Technologies
(2015, Oklahoma City)
Battery management solution provider
i2E
BMS $2.4M
Component
Developer
<< Go to BM List

Total
Funding
paytm.com
Voltaiq
(2012, Brooklyn)
Battery Data analytics
Department of Energy (US), National Science Foundation, Bee Partners
BMS $2.4M
Dox
(2016, Beirut)
Provides machine learning based battery management platform
BMS
O2Micro
(1995, George Town)
Power Management System developers
H&Q Asia Pacific
BMS
Ten-D Energies
(2016, Redmond)
Battery management system for electric vehicles
BMS
Bamomas
(2016, Tampere)
Battery monitoring as a service solution developer
BMS
JoulWatt
(2009, Fremont)
Power Electronics and BMS solution developer
Sinowisdom
BMS
Cheevc
(2010, Aberdour)
Battery management systems to provide immunity against cell failures
BMS
Balancell
(2011, Cape Town)
Battery Management Solution developers
BMS
Component
Developer
<< Go to BM List

Component
Developer
<< Go to BM List

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
230
Contents

Team
231
Pratik Kundu
Senior Analyst – Energy
Abhyudai Gupta
Lead Analyst – Energy

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Tracxn Research - Energy Storage Report, June 2017

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