Beyonder - About the company
Beyonder is a seed company based in Sandnes (Norway), founded in 2016 by Svein Kvernstuen. It operates as a Developer of battery cells and modules for industrial energy storage. Beyonder has raised $33.9M in funding from investors like DSD, Must Asset Management and Equinor. The company has 1265 active competitors, including 129 funded and 91 that have exited. Its top competitors include companies like QuantumScape, Amprius Technologies and Sunwoda Electronic.
Company Details
Developer of battery cells and modules for industrial energy storage. The company delivers battery cells and modules designed for high-power industrial applications. These solutions cater to markets including grid and renewables, maritime, power backup, transportation, and charging. The company focuses on long cycle life, high power, and high energy density.
Key Metrics
Founded Year
2016
Location
Sandnes, Norway
Stage
Seed
Total Funding
$33.9M in 3 rounds
Latest Funding Round
Ranked
48th among 1265 active competitors
Employee Count
42 as on Jan 14, 2025
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Legal entities associated with Beyonder
Beyonder is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Beyonder As CIN: 917015961 , Norway, Active | $88K (As on Dec 31, 2021) | 63 (As on Dec 31, 2022) |
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Beyonder's funding and investors
Beyonder has raised a total funding of $33.9M over 3 rounds. Its first funding round was on Dec 06, 2020. Its latest funding round was a Grant (prize money) round on Jan 01, 2023 for $*****. 1 investor participated in its latest round. Beyonder has 6 institutional investors.
Here is the list of recent funding rounds of Beyonder:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 01, 2023 | 5822940 | Grant (prize money) | 7761846 | 7264582 | 2114700 | 2596009 |
May 01, 2021 | 4136272 | Grant (prize money) | 4297510 | 1845635 | 5151020 | |
Dec 06, 2020 | 3292007 | Seed | 9187106 | 7981980 | 7152895 |
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Beyonder's founders and board of directors
Founder? Claim ProfileThe founders of Beyonder is Svein Kvernstuen. Svein Kvernstuen is the CEO of Beyonder.
Here are the details of Beyonder's key team members:
- Svein Kvernstuen: Founder & CEO of Beyonder.
View details of Beyonder's Founder profiles and Board Members
Beyonder's employee count trend
Beyonder has 42 employees as of Jan 25. Here is Beyonder's employee count trend over the years:
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Beyonder's Competitors and alternates
Top competitors of Beyonder include QuantumScape, Amprius Technologies and Sunwoda Electronic. Here is the list of Top 10 competitors of Beyonder, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  QuantumScape 2010, San Jose (United States), Public | Developer of solid-state lithium-metal battery technology for electric vehicle applications | $1B | 73/100 | |
2nd | Amprius Technologies 2009, Fremont (United States), Public | Developer of silicon nano-wire-based Li-Ion batteries | $55M | 71/100 | |
3rd |  Sunwoda Electronic 1997, Shenzhen (China), Public | Manufacturer of lithium-ion batteries, energy storage systems, and related hardware | - | 71/100 | |
4th | 24m Technologies 2010, Cambridge (United States), Series H | Developer of battery technology for electric vehicles and energy storage | $500M | 69/100 | |
5th | Enovix 2006, Fremont (United States), Public | Battery cells developer for lithium-ion batteries | $220M | 69/100 | |
6th | Developer of battery solutions for energy security and sustainable e-mobility | $147M | 68/100 | ||
7th | Factorial Energy 2013, Woburn (United States), Series D | Developer of sustainable solid-state batteries | $244M | 66/100 | |
8th |  Indigrid Technology 2017, Gurugram (India), Series A | Platform offering electric vehicle powertrain products and electronic design manufacturing services | $13.9M | 65/100 | |
9th | Manufacturer of automotive batteries and solar products | $65.1M | 65/100 | ||
10th | Manufacturer of lithium ion battery cells for electric vehicle mobility | $1.34B | 65/100 | ||
48th | Developer of battery cells and modules for industrial energy storage | $33.9M | 53/100 |
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Beyonder's Investments and acquisitions
Beyonder has made no investments or acquisitions yet.
News related to Beyonder
Media has covered Beyonder for 1 event in last 1 year, It was about partnerships.
•
Corvus Energy and Beyonder join hands to explore next-generation ...PortNews•Mar 31, 2026•Beyonder, Corvus Energy
•
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FAQs about Beyonder
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