EcoPro BM Co., Ltd

EcoPro BM Co. , Ltd is a South Korean company specializing in high-capacity cathode materials for electric vehicles and energy storage systems, contributing to advancements in battery technology. Founded in 2016 in Cheongju, South Korea, EcoPro BM Co. , Ltd focuses on manufacturing high-capacity cathode materials.

The firm has successfully completed eight deals, with its most recent funding round being PIPE, amounting to KRW 10,000 mn, led by BNW Investment. This total funding raised aligns with the latest round, demonstrating consistent investor confidence. EcoPro BM specializes in high-capacity cathode materials for electric vehicles (EVs), power tools, and energy storage systems. Its offerings include high-nickel cathode materials that enhance battery performance and energy density, supporting major original equipment manufacturers (OEMs) and battery cell manufacturers across South Korea, Japan, and other Asian markets.

EcoPro BM reported a revenue of KRW 5,286,102,581. 1 in the most recent year, with an EBITDA of KRW 190,517,059. 3. The company's revenue is primarily generated through direct sales of high-capacity cathode materials to OEMs and battery producers, with pricing based on contract negotiations that reflect the high value of its products in modern battery applications.

EcoPro BM aims to expand its product line by introducing new high-performance materials designed for next-generation electric vehicle batteries, with potential launches expected in early 2024. The company is targeting increased market penetration in Southeast Asia and Europe by 2025, driven by the recent funding round which will support research and development activities. In March 2020, LB Private Equity divested shares in EcoPro BM for approximately KRW 50 billion, retaining a 2% minority stake, indicating ongoing investor interest.