PowerX, Inc.
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PowerX, Inc. - overview
Established
2021
Location
Tokyo, -, Japan
Primary Industry
Energy Storage & Batteries
About
Based in Tokyo, Japan, and founded in 2021, PowerX, Inc. , engages in the manufacture and sale of large storage batteries and electric carriers. In March 2025, PowerX, Inc. raised an undisclosed amount in series C funding from ITOCHU, MUFG Bank, Imabari Shipbuilding Co.
, Ltd. , Frontive Holding Limited, and Toyota Tsusho. This round was part of a larger JPY 3. 17 billion equity and debt funding, bringing the total series C funding to JPY 5.
63 billion. The company offers various energy storage solutions that include battery-powered EV (electric vehicle) fast chargers, grid batteries, home batteries used in homes for basic power needs, and marine batteries that can be used in hybrid and electric ships. The company plans to use the March 2025 funding to strengthen the research and development of its products and accelerate the development of its factory.
Current Investors
MUFG Bank, Mitsui & Co. – Corporate Development Business Unit, TransLink Capital
Primary Industry
Energy Storage & Batteries
Sub Industries
Solar Power, Energy Storage & Batteries, Analytics & Performance Software
Website
www.power-x.jp
Verticals
Artificial Intelligence, Cloud Computing, Manufacturing, Mobile Apps
Company Stage
Series C
Total Amount Raised
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