POEN develops technology to select and remanufacture reusable cells from used electric-vehicle batteries and assembles remanufactured battery modules and packs. The company has built an EV battery value-chain platform in partnership with major industry players including Hyundai Motor, Kia, LG Energy Solution, SK ON, and CATL. POEN plans to accelerate development and commercialization of battery modules and packs and to expand its global presence supplying remanufactured batteries to key markets. It has established subsidiaries in the United States and Germany and positions itself as a leader in eco-friendly battery recycling and resource recovery. The company has received industry recognition including a CES Innovation Award and the ‘Best Innovation Award for Used Batteries’ at InterBattery. Since its founding in 2019, POEN has raised a total of 46.7 billion KRW to date.

Total raised

$28M

Funding rounds

1

Latest round

Series B

Latest activity

Jul 2024