Octillion Power Systems - About the company
Octillion Power Systems is a series F company based in Hayward (United States), founded in 2009 by Peng Zhou. It operates as a Developer of Lithium Ion battery packs. Octillion Power Systems has raised $150M in funding. The company has 424 active competitors, including 60 funded and 56 that have exited. Its top competitors include companies like A123 Systems, QuantumScape and SES Technologies.
Company Details
Developer of Lithium Ion battery packs. Its batteries are used in a range of applications, including electric cars, buses, trucks, marine vessels, and industrial equipment.
- Website
- octillion.us
- Email ID
- *****@octillion.us
Key Metrics
Founded Year
2009
Location
Hayward, United States
Stage
Series F
Total Funding
$150M in 7 rounds
Latest Funding Round
Investors
Ranked
27th among 424 active competitors
Employee Count
480 as on Aug 31, 2026
Similar Companies
Legal entities associated with Octillion Power Systems
Octillion Power Systems is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
OCTILLION POWER SYSTEMS, INC. CIN: 80-0502762 , United States, Active | Jan 01, 2009 | - | 13 (As on Dec 31, 2022) | - |
Octillion Power Systems India Private Limited CIN: U27202PN2017FTC173926 , India, Active | Dec 19, 2017 | - | 198 (As on Aug 01, 2025) |
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Octillion Power Systems's funding and investors
Octillion Power Systems has raised a total funding of $150M over 7 rounds. Its first funding round was on Jun 01, 2010. Octillion Power Systems has 8 institutional investors.
Here is the list of recent funding rounds of Octillion Power Systems:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 01, 2021 | 1977547 | Series F | 3249540 | 1949471 | 5094967 | 2898696 |
Jun 01, 2018 | 4088117 | Series E | 1413509 | 4208552 | 2887912 | 1866711 |
Jun 01, 2015 | 5518305 | Series D | 1496950 | 7093540 | 3083455 | 9436737 |
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Octillion Power Systems' founders and board of directors
Founder? Claim ProfileThe founders of Octillion Power Systems is Peng Zhou. Peng Zhou is the CEO of Octillion Power Systems.
Here are the details of Octillion Power Systems' key team members:
- Peng Zhou: Chairman & CEO of Octillion Power Systems. Contact Info: 1 email address
View details of Octillion Power Systems's Founder profiles and Board Members
Octillion Power Systems' employee count trend
Octillion Power Systems has 480 employees as of Aug 26. Here is Octillion Power Systems's employee count trend over the years:
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Octillion Power Systems's Competitors and alternates
Top competitors of Octillion Power Systems include A123 Systems, QuantumScape and SES Technologies. Here is the list of Top 10 competitors of Octillion Power Systems, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | _1591002989634.png?devicePixelRatio=2&height=30&width=30){kind=logo} A123 Systems 2001, Hangzhou (China), Public | Manufacturer of automotive lithium-ion batteries | $201M | 76/100 | |
2nd |  QuantumScape 2010, San Jose (United States), Public | Developer of solid-state lithium-metal battery technology for electric vehicle applications | $1B | 73/100 | |
3rd | _1591158709139.png?devicePixelRatio=2&height=30&width=30){kind=logo} SES Technologies 2012, Woburn (United States), Public | Developer of Li-Metal batteries and AI-powered battery management solutions | $336M | 72/100 | |
4th |  Neuron Energy 2018, Mumbai (India), Series A | Manufacturer of lithium-ion batteries for electric vehicles and energy storage | $9.61M | 69/100 | |
5th | Manufacturer of lithium ion battery cells for electric vehicle mobility | $1.34B | 68/100 | ||
6th |  Contemporary Amperex Technology 2011, Ningde (China), Public | Manufacturer of battery systems for electric vehicles and energy storage | - | 67/100 | |
7th | Emo Energy 2022, Bengaluru (India), Series A | Provider of energy management systems integrating battery technology and charging hardware | $14.1M | 67/100 | |
8th |  SK On 2021, Seoul (South Korea), Series E | Provider of energy and chemical products, including batteries and lubricants | $1.73B | 66/100 | |
9th | Forsee Power 2011, Paris (France), Public | Manufacturer of battery systems for electric vehicles and mobility applications | $143M | 66/100 | |
10th | Manufacturer of lithium-ion battery cells and modules for electric four-wheelers | $1.2B | 65/100 | ||
27th | Octillion Power Systems 2009, Hayward (United States), Series F | Developer of Lithium Ion battery packs | $150M | 59/100 |
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Octillion Power Systems's Investments and acquisitions
Octillion Power Systems has made no investments or acquisitions yet.
Reports related to Octillion Power Systems
Here is the latest report on Octillion Power Systems's sector:
News related to Octillion Power Systems
Filter this listMedia has covered Octillion Power Systems for a total of 5 events in the last 1 year, 4 of them have been about company updates.
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Octillion Opens Third Battery Plant in India With 3 GWh Annual CapacityMercom India•Aug 13, 2026•Octillion Power Systems
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Octillion Power Systems India Division Surpasses 100,000 EV Battery System Milestone Across its Local Manufacturing FacilitiesMedia Bulletins•Mar 24, 2026•Octillion Power Systems
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Ateios Systems and Kodak Expand RaiCore™ Platform to Battery Chemistries & Earn PFAS-Free VerificationBatteriesnews•Mar 24, 2026•Eastman Kodak Company, Octillion Power Systems
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Octillion Power Systems Achieves Production Record of 3,653 EV Battery SystemsBatteriesnews•Jan 23, 2026•Octillion Power Systems
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Octillion Achieves Solar-Powered Manufacturing at India Facility in PuneEvertiq•Dec 03, 2025•Octillion Power Systems
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Octillion Expands Supplier Agreement with Vision Marine for Electric BoatsPR Newswire•Jul 21, 2025•Octillion Power Systems, Vision Marine Technologies
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Vision Marine Secures U.S. Battery Supply ChainOctillion Power Systems•Jun 11, 2025•Vision Marine Technologies, Octillion Power Systems
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Vision Marine secures US battery supply via expansion with Octillion Power SystemsNewswire•Jun 11, 2025•Vision Marine Technologies, Octillion Power Systems
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Octillion Power Systems Inaugurates EV Battery Factory in NevadaOctillion Power Systems•Apr 03, 2025•Octillion Power Systems
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Octillion Power Systems Inaugurates New Battery Factory in NevadaPR Newswire•Jan 30, 2025•Octillion Power Systems
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