VYCON

VYCON, based in Chino, California, specializes in advanced flywheel energy storage solutions, enhancing uptime while reducing environmental impacts and maintenance costs associated with traditional batteries. Founded in 2002 in Chino, California, VYCON develops flywheel energy storage technologies. The company was acquired by Calnetix in November 2014, and has been involved in 6 deals since inception, raising a total of USD 3. 18 mn, with the latest funding round being a VENTURE DEBT round for USD 0.

60 mn. VYCON offers advanced flywheel energy storage solutions including the VDC® and REGEN systems. These systems provide reliable power for critical applications and capture regenerative energy from braking in modern trains. Their products are utilized in industries such as electric rail operations and microgrids, ensuring efficient energy storage and power conditioning across North America, Europe, and parts of Asia.

The revenue model of VYCON is primarily based on the sales of their VDC® and REGEN systems to various commercial clients. The company engages in direct sales and partnerships tailored to meet client needs, from small enterprises to large-scale operations, ensuring enhanced energy efficiency and sustainability through customized solutions. VYCON plans to expand its product line with upcoming innovations aimed at improving energy storage capabilities. The company is targeting market expansion into Asia and Europe by 2025.

Recent funding from the VENTURE DEBT round will be allocated to research and development for new products and to support entry into these new geographical markets.