Lithion Power Group Ltd.

Lithion Power Group Ltd. , founded in 1988 and based in Calgary, Canada, specializes in the design and manufacture of innovative battery solutions for various critical applications across multiple industries. Lithion Power Group Ltd. focuses on the design, manufacture, and assembly of advanced battery systems.

Founded in Calgary, Canada, in 1988, the company was established to provide reliable energy solutions across diverse sectors. The founder's history is not detailed, and there are no known pivots or ownership changes. Lithion has successfully completed 2 deals, with the most recent deal occurring on June 28, 2021, when Koch Strategic Platforms acquired a minority stake, though financial terms were not disclosed. Lithion Battery Inc.

specializes in the design, manufacture, and assembly of both primary and secondary battery cells, including rechargeable and non-rechargeable battery packs and modules. The firm utilizes proprietary Battery Management System (BMS) technology to deliver reliable energy solutions for critical applications across multiple sectors such as Battery Energy Storage, UPS, Marine, Military/Defense, and Commercial Electric Vehicles. Their product offerings include Lithium Iron Phosphate (LiFePO4) and Lithium-Ion batteries, known for their performance and reliability. Lithion serves OEMs and end-users across North America, Europe, and Asia with both standard and custom-designed products.

Lithion Battery Inc. generates revenue through the sale of its battery systems to commercial and industrial clients, primarily through a direct-to-business sales model. The company caters to OEMs and end-users seeking customized energy solutions for critical applications. Transactions typically occur through bulk orders or contracts, with specific products tailored to customer needs.

While the pricing structure varies, it is not publicly disclosed. Key offerings include the U-CHARGE series and Valence modules, integral to their grid storage and energy management solutions. Following the minority stake acquisition by Koch Strategic Platforms on June 28, 2021, Lithion plans to leverage this investment to support its growth strategy. The company aims to design and launch new battery products tailored for emerging markets.

Specific target regions for expansion include North America and Europe, with plans to enhance its market presence by 2023. Additional resources from the recent funding will be utilized to strengthen research and development efforts, ensuring Lithion remains competitive in delivering efficient electrification solutions.