Battery Solutions
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Battery Solutions - overview
Established
2010
Location
Yeongcheon-si, Gyeongsangbuk, South Korea
Primary Industry
Environmental Services
About
Battery Solutions, based in South Korea, focuses on developing and manufacturing advanced battery technologies, primarily lead-acid and lithium-ion batteries, catering to automotive and renewable energy sectors. Founded in 2010 in Yeongcheon-si, South Korea, Battery Solutions specializes in battery technology, particularly lead-acid and lithium-ion batteries. The company has not undergone significant strategic pivots and operates independently without known subsidiaries. The founder's background and any previous ventures are not provided.
Battery Solutions Inc. specializes in the development and manufacturing of advanced battery technologies, focusing primarily on lead-acid batteries and lithium-ion batteries (LIB). Their lead-acid batteries, composed of lead, lead dioxide, and sulfuric acid, are primarily utilized in automotive applications for engine starting and uninterruptible power supplies (UPS). The company has also invested in lithium-ion battery technology, recognized for its compact size and superior performance compared to traditional batteries.
These products serve a diverse client base that includes automotive manufacturers, industrial companies, and renewable energy sectors. The company's geographic reach extends beyond its home country, with exports and sales in markets across North America, Europe, and Asia, where the demand for reliable and efficient energy storage solutions is rapidly growing. The revenue structure of Battery Solutions Inc. is primarily driven by direct sales of its battery products to various industrial and commercial clients, including automotive manufacturers and energy providers.
Transactions typically occur on a B2B basis, with clients purchasing in bulk to meet their operational needs. Revenue is generated through one-time purchases as well as potential long-term partnerships based on recurring supply agreements for lead-acid and lithium-ion batteries. While specific pricing plans are not disclosed, it is understood that costs are determined by product specifications, order quantities, and contractual terms. The flagship products of the company, particularly its high-performance LIBs, are positioned to meet the increasing demand for energy-efficient solutions in various sectors, further solidifying the company's market presence.
Primary Industry
Environmental Services
Sub Industries
Recycling, Environmental Services
Website
www.b-sol.co.kr/
Total Amount Raised
Subscriber access only
Battery Solutions - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 85,900,519,152 | 64,593,689,682 | - | 28,399,504,925 | 77,825,298,905 | 64,087,713,641 | 87,088,084,132 | - | - | - |
| % Revenue Growth (YoY) | - | (24.8%) | - | - | 174.0% | (17.7%) | 35.9% | - | - | - |
| EBITDA (USD) | 4,223,076,478 | (780,326,814) | - | 7,407,845,419 | 179,033,462 | (183,184,205) | 5,374,816,622 | - | - | - |
| Operating Income (USD) | 2,935,161,846 | (2,158,363,117) | - | 6,122,267,479 | (1,108,634,519) | (1,444,635,376) | 4,233,597,310 | - | - | - |
| Operating Margin | 3.4% | (3.3%) | - | 21.6% | (1.4%) | (2.3%) | 4.9% | - | - | - |
| % EBITDA Margin | 4.9% | (1.2%) | - | 26.1% | 0.2% | (0.3%) | 6.2% | - | - | - |
| NET Income (USD) | 693,436,093 | (3,333,828,823) | - | 8,159,364,542 | (2,475,265,032) | (3,244,535,847) | 1,264,449,717 | - | - | - |
| % Net Margin | 0.8% | (5.2%) | - | 28.7% | (3.2%) | (5.1%) | 1.5% | - | - | - |
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