SK on

About

SK on develops and manufactures high-energy density electric vehicle batteries.

Seoul,Seoul-t'ukpyolsi,South Korea
http://eng.sk-on.com

Highlights

Details

Last Funding Type: Private Equity（PE）
Last Funding Money Raised: ₩650B
Industries: Automotive,Battery,Manufacturing
Founded date: Oct 1, 2021
Operating Status: Active
Legal Name: SK on Co., Ltd

SK on develops and manufactures high-energy density electric vehicle batteries. By creating high-capacity, high-efficiency lithium-ion batteries and selling them to global electric vehicle manufacturers, they reducing CO2 emissions in the atmosphere. It specializes in carbon-cutting technologies, including state-of-the-art batteries for electric vehicles (EVs), urban air mobility (UAM) solutions that can lower pollution, small modular reactors (SMR), hydrogen energy solutions, and sustainable food.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

3

₩5.27T

SK on has raised a total of ₩5.27T in funding over 2 rounds. Their latest funding was raised on Dec 6, 2022 from a Private Equity（PE） round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 6, 2022	Private Equity（PE）	₩650B	2	—	—	Detail
Aug 19, 2022	Private Equity（PE）	₩2T	3	EastBridge Partners	—	Detail
Jul 28, 2022	Debt Financing	₩2.62T	3	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

1

SK on has made 1 investments. Their most recent investment was on Oct 12, 2022, when Lake Resources raised 0.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Oct 12, 2022 Lake Resources	Post-IPO Equity	—	Mining	Yes

Investors

Number of Lead Investors

Number of Investors

1

8

SK on is funded by 8 investors. EastBridge Partners and Hillhouse Capital Group are the most recent investors.

Investor Name	Lead Investor	Funding Round
EastBridge Partners	Yes	Private Equity（PE）
Hillhouse Capital Group	—	Private Equity（PE）
Qatar Investment Authority	—	Private Equity（PE）
Korea Investment Partners	—	Private Equity（PE）
Stella Investment	—	Private Equity（PE）
Euler Hermes	—	Debt Financing
Korea Trade Insurance Corporation	—	Debt Financing
The Export-Import Bank of Korea	—	Debt Financing