Octillion Energy Holdings, Inc is a leading value chain enabler for electric vehicle, or EV, battery systems in China, with operations in India and the United States. We primarily design, manufacture, and sell tailor-made battery systems for EVs and, to a lesser extent, energy storage solutions and battery management systems, or BMS. By June 30, 2023, our battery systems have powered over a million EVs in China.
As a differentiated solutions provider, we provide unique values to downstream and upstream EV value chain players. For EV OEMs, our major customers, we function as a one-stop-shop of competitive and tailored EV battery systems with a broad repertoire of battery cells that also enables market-leading safety, cost and time-to-market standards.
Our Mission
Electric mobility and battery storage are changing the fundamentals of how we live: how we move our families, how our purchases are delivered and how we power our homes. Our mission is to provide state-of-the-art battery solutions that meet this challenge for a seamless transition to a zero-emission lifestyle.
Our Capabilities
A leading EV battery system supplier in China
We are a pioneer and leader in the development of competitive EV battery systems in China offering customized and consistently high quality products to our customers since 2011. In 2022 we were ranked as the third largest EV battery system provider for passenger vehicles in China by shipment unit with a market share of 9.6% according to the F&S Report. In 2022 ,our battery systems powered approximately one in ten BEVs and approximately one in two entry-level A 00 and A 0 size passenger BEVs in China, according to the F&S Report.
Industry-leading engineering, design and development capabilities
EDD is pivotal to our success. Equipped with an innovative mindset, we have developed extensive proprietary technologies that allow us to offer EV battery systems with both cylindrical and prismatic battery cells at market-leading safety and cost standards. Our commitment to EDD is further evidenced by our large patent portfolio. As of June 30, 2023, we possessed 122 utility patents, 637 design patents and 17 software copyrights. Our patents cover multiple key battery system technologies, including liquid-cooling systems, battery thermal runway detecting systems, thermal management modules, battery safety monitoring systems, and overcharging prevention techniques.
Strong partnerships with downstream and upstream players within the EV value chain
We have strived to develop strong partnerships with EV OEMs and battery cell manufacturers since we were founded. Our proven track record of delivering differentiated and customized EV battery systems has strengthened our partnerships with customers and enhanced customer reliance. As of June 30, 2023, we had designed EV battery systems for 116 EV OEM customers and maintained close business relationships with 23 battery cell manufacturers, including 13 of the top 15 PRC battery players by shipment volume in 2022 according to the F&S Report. These extensive partnerships place us in a unique position within the EV value chain that is hard to replicate and serve as a significant entry barrier to potential competitors. In 2022, we had a 9.6% share of the passenger BEV market in China, according to the F&S Report. We believe we will continue to capture a significant portion of the large and fast-growing EV market.
Experienced and committed management team backed by strong investor base
Our highly experienced leadership team is anchored by deep technical expertise. In addition, we are backed by a strong investor base, which includes highly sophisticated, established and reputable venture capital and private equity funds based in the United States, China, Korea and other jurisdictions.
China
- Sales Office
- Engineering
- Production
- Customer Service
United States
- Sales Office
- Engineering
- Prototyping
- Customer Service
India
- Sales Office
- Engineering
- Prototyping
- Customer Service
US Office
860 Harbour Way S, Ste C
Richmond, CA 94804
- 6,500 sq ft facility
Head Office and Principal Places of Business in China
No. 119 Jinxiu Street
Hefei Economic and Technology Development District
Hefei Anhui Province 230601 PRC
- 31,912 m2 of production space
India Office
Plot No. 302,
Sector 10, Bhosari, MIDC,
Pune, India 411026
- 2,800 m2 of production space
Our History
Founding of Octillion US by Dr. Zhou
Started development of cylindrical power battery pack system (BEST)
2009
2010
Secured our first auto OEM partner and established a research and development and manufacturing center for EV series battery system
Completed our Series A financing and raised an aggregate amount of US$1.0 million
Completed our Series B financing and raised an aggregate amount of approximately US$5.06 million
2011
2012
In November 2012, we started to sell EV series battery systems and reached sales value of over RMB¥10 million
Completed our Series C financing and raised an aggregate amount of approximately US$8.94 million
Completed our series C-1 financing and raised an aggregate amount of approximately US$1.57 million
2014
2015
Designed China’s first mass-produced NCM (nickel-cobalt-manganese) cylindrical battery systems
Completed series D financing and raised an aggregate amount of approximately US$12 million
Octillion experienced steady growth
2016
2017
Established Octillion JV in February 2017
Designed one of the first mass produced battery systems in China using NCM 811 high energy density battery cells
Established Octillion India to manufacture and supply EV battery to customers in India
Reached sales value of RMB ¥37.8 million in 2018
Completed Series E financing and raised an aggregate amount of approximately US$43.25 million
2018
2019
Octillion experienced steady growth
Started mass supply of our EV battery system to one of the largest auto OEMs (based on the production volume of specific best-selling models) in China by volume for production of certain popular models, which led to the boom of the A00 market in China
Developed our Multifunctional Unitized Structure (MUST) technology platform and supplied product to SGMW
2020
2021
Engaged in business with CATL, a PRC company listed on the Shenzhen Stock Exchange (stock code: 300750.SZ) that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems
In June 2021, we established Liuzhou SinoEV New Energy Technology Co., Ltd (Octillion Liuzhou), which started operations in August 2022 with an annual production capacity of 60,000 units
Completed our Series F financing and raised an aggregate amount of approximately US $77.87 million
In early 2022, we entered into an investment cooperation agreement with the local government of Feixi county, Hefei in China for the expansion of our manufacturing capacity and construction of a EDD lab.
Completed our Series F financing and raised an
aggregate amount of approximately US$77.87 million
Entered into a number of strategic agreements with one of the leading global machinery construction companies listed on the New York Stock Exchange to enable its transformation into electrified product portfolio, which includes building an exclusive production line for the customer
2022
2023
In the first quarter of 2023, our new manufacturing facilities in India commenced operation with an initial capacity of 2.0 GWh
Expanded our customer base, which includes several leading battery cell manufacturers in China