LILLEM Co., Ltd.
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LILLEM Co., Ltd. - overview
Established
2017
Location
Hwaseong-si, Gyeonggido, South Korea
Primary Industry
Energy Storage & Batteries
About
Founded in 2017 and based in Hwaseong, South Korea, LILLEM Co. , Ltd. operates as a manufacturer of batteries. In April 2024, LILLEM Co.
, Ltd. raised KRW 10 billion in venture funding from SJ Investment Partners, Korea Investment Partners, Time Folio Asset Management, POSCO Capital, Shinhan Venture Investment, and L&S Venture Capital. As of 2024, the company is led by its CEO, Park Seong-min. The company’s core business area revolves around the production of current collectors for secondary batteries.
The firm develops a method for manufacturing current collectors that ensures optimal performance and longevity of batteries. LILLEM Co. , Ltd. ’s process focuses on preventing electrochemical changes and corrosion while enhancing electrical conductivity and bonding strength.
The organization plans to use the April 2024 funding to support its operating costs and build a mass production line.
Current Investors
L&S Venture Capital, Shinhan Venture Investment, Korea Investment Partners
Primary Industry
Energy Storage & Batteries
Sub Industries
Energy Storage & Batteries
Website
www.lillem.co.kr/
Verticals
Manufacturing, Research (Non-Medical)
Company Stage
Angel & Seed
Total Amount Raised
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LILLEM Co., Ltd. - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|
| Revenue (USD) | 701,405,000 | 834,784,000 | - | - | - |
| % Revenue Growth (YoY) | - | 19.0% | - | - | - |
| EBITDA (USD) | - | - | - | - | - |
| Operating Income (USD) | (26,918,000) | 56,238,000 | - | - | - |
| Operating Margin | (3.8%) | 6.7% | - | - | - |
| % EBITDA Margin | - | - | - | - | - |
| NET Income (USD) | (30,048,000) | 55,543,000 | - | - | - |
| % Net Margin | (4.3%) | 6.7% | - | - | - |
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