Poen
Company

Last deal

$28.2M
Local Amount - KRW 39B

Amount

Series B

Stage

09.07.2024

Date

4

all rounds

$36.4M

Total amount

General

About Company
Poen is a South Korean venture company that upcycles eco-friendly vehicle batteries.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2019

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

Poen, a venture company of Hyundai Motors, specializes in upcycling eco-friendly vehicle batteries. They employ a series of processes such as disassembly, repair, and reassembly to transform waste batteries into a state where they can maintain their original performance. This reduces the need for battery replacement and helps clients reuse batteries after remanufacturing for automobiles or secondary purposes like uninterruptible energy supply (UPS) and mobility batteries. Additionally, Poen offers battery residual value evaluation and certification services. Founded in 2019 and based in Gunpo-si, South Korea, Poen is focused on battery upcycling using innovative technology.