Octillion Energy Holdings, Inc. is a leading multi-national energy storage company that specializes in designing and manufacturing battery systems for major industries focused on electrified product lines. With a strong manufacturing and sales presence in the United States, China, and India, we primarily manufacture battery systems for electric vehicles (EVs), but also broadly for e-mobility, energy storage solutions (ESS), and underserved markets, like marine and off-highway. Additionally, we design and manufacture custom battery management systems (BMS) for clients.
By July 2024, Octillion battery systems have powered over 1.5 million EVs in China. We work with EV OEMs to provide custom battery systems that meet safety, cost, and time-to-market standards, enabled with our large-scale manufacturing efficiencies and years of operating experience.
We seek to be the one-stop source for OEMs looking for exceptional battery systems. We do this by providing maximum value to both downstream and upstream players in the industries by offering a wide range of battery cells and customization options, from fully-to-semi tailored.
Our Mission
Our mission is to empower clients with cutting-edge battery solutions for the electric mobility, machinery, and energy storage industries—to deliver breakthrough products that drive the transition to a zero-emission lifestyle; revolutionizing the way we live, move, and work.
Octillion By The Numbers
Active and Considered Patents
1,000+
Manufacturing Facilities
7 locations
Global Manufacturing
2 continents
Global-Leading EV Battery System Supplier
We are a pioneer and leader in the development of competitive EV battery systems offering clients customized and consistently superior quality battery systems. In China alone, as of 2023, we were ranked as the fourth largest EV battery system provider for passenger battery electric vehicles, or passenger BEVs, by shipment unit with a market share of 5.1%, according to the F&S Report. By December 31, 2023, our battery systems had powered over 1.4 million EVs in China, including approximately 30% of A0/A00 size passenger BEVs in China in 2023, according to the F&S Report.
Superior Engineering, Design and Development Capabilities
Engineering, design, and development is fundamental to our mission. Equipped with an innovative mindset, we have developed extensive proprietary technologies for EV battery systems with both cylindrical and prismatic battery cells, at market-leading safety and cost standards. As of the Latest Practicable Date, we possessed more than 1,000 active and considered patents, five domain names and 17 software copyrights. Our patents cover multiple key battery system technologies, including liquid-cooling systems, battery thermal runaway detecting systems, thermal management modules, battery safety monitoring systems, and overcharging prevention techniques.
Strong Partnerships within the EV Value Chain Landscape
Since 2009, we have forged strong partnerships with major EV OEMs and battery cell manufacturers worldwide. Our proven track record of delivering differentiated and customized EV battery systems has strengthened our partnerships with customers and enhanced customer reliance. During the Track Record Period*, we had 69 value chain partners, consisting of 47 EV OEM customers, 17 battery cell manufacturer suppliers (one of which was also our battery cell manufacturer customer) and six battery cell manufacturer customers. Out of these 22 battery cell manufacturers, eight were ranked among the top 10 PRC battery players by shipment volume in 2023 according to the F&S Report. These extensive partnerships place us in a unique position within the EV value chain that is hard to replicate and serves as a significant entry barrier to potential competitors.
In 2023, we had a 5.1% share of the passenger BEV market by shipment unit in China, according to the F&S Report. We believe we will continue to capture a significant portion of the large and fast-growing EV market.
*The Track Record Period: 2021/2022/2023
World-Class Management Team Backed by Strong Investor Base
Our highly experienced leadership team is further anchored by deep technical and industry expertise. In addition, we are backed by a strong investor base, which includes highly sophisticated, established, and reputable venture capital and private equity funds in the United States, China, Korea, and other notable locations.
Locations
Octillion U.S. Headquarters
Octillion Nevada
Octillion Pune One
Octillion Hefei
Octillion Liuzhou
Octillion Pune Two
Octillion Anqing
Octillion Putian
Timeline
Timeline
2009
Founding of Octillion US by Dr. Peng Zhou.
Started development of cylindrical power battery pack system (BEST).
2010
Secured our first auto OEM partner and established a research and development and manufacturing center for EV series battery system.
Completed our Series A financing and raised an aggregate amount of US$1.0 million.
2011
Completed our Series B financing and raised an aggregate amount of approximately USD$5.06 million.
2012
In November 2012, we started to sell EV series battery systems and reached sales value of over RMB¥10 million.
Completed our Series C financing and raised an aggregate amount of approximately USD$10.94 million.
2014
Completed our series C-1 financing and raised an aggregate amount of approximately USD$1.57 million.
2015
Designed China’s first mass-produced NCM (nickel-cobalt-manganese) cylindrical battery systems.
Completed series D financing and raised an aggregate amount of approximately USD$12 million.
2016
Established Octillion JV in February 2017.
Designed one of the first mass produced battery systems in China using NCM 811 high energy density battery cells.
Established Octillion India to manufacture and supply EV battery to customers in India.
2018
Reached sales value of RMB ¥37.8 million in 2018.
Completed Series E financing and raised an aggregate amount of approximately USD$43.25 million.
2019
Octillion experienced steady growth.
2020
Started mass supply of our EV battery system to one of the largest auto OEMs (based on the production volume of specific best-selling models) in China by volume for production of certain popular models, which led to the boom of the A00 market in China.
Developed our Multifunctional Unitized Structure (MUST) technology platform and supplied product to SGMW.
2021
Engaged in business with CATL, a PRC company listed on the Shenzhen Stock Exchange (stock code: 300750.SZ) that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems.
In June 2021, we established Liuzhou SinoEV New Energy Technology Co., Ltd (Octillion Liuzhou), which started operations in August 2022 with an annual production capacity of 60,000 units.
2022
In early 2022, we entered into an investment cooperation agreement with the local government of Feixi county, Hefei in China for the expansion of our manufacturing capacity and construction of an EDD lab.
Completed our Series F financing and raised an aggregate amount of approximately US$77.87 million.
Entered into a number of strategic agreements with one of the leading global machinery construction companies listed on the New York Stock Exchange to enable its transformation into electrified product portfolio, which includes building an exclusive production line for the customer.
2023
In the first quarter of 2023, our new manufacturing facilities in India commenced operation with an initial capacity of 2.0 GWh.
Expanded our customer base, which includes several leading battery cell manufacturers in China.
2024
Filed for an IPO on The Stock Exchange of Hong Kong Limited. Anticipated debut 4Q24-2Q25.
Major Investors
