When was Panax Etec founded?

Panax Etec was founded in 2009.

Where is Panax Etec located?

Panax Etec is headquartered in Busan, South Korea.

Is Panax Etec a funded company?

Panax Etec is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Panax Etec rank among its competitors?

Panax Etec ranks 16th amongst 40 active competitors, of which 18 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was South 8, which secured an undisclosed amount in Apr, 2026.

Who are the top competitors of Panax Etec?

Panax Etec's top competitors include South 8, GFCL EV and Safire Technology Group. Among them, South 8 secured the most recent funding round in April, 2026.

Panax Etec - 2026 Company Profile, Funding & Competitors

Panax Etec is an acquired company based in Busan (South Korea), founded in 2009. It operates as a Lithium based battery electrolyte manufacturer. The company has 40 active competitors, including 18 funded and 5 that have exited. Its top competitors include companies like South 8, GFCL EV and Safire Technology Group.

Company Details

Panax Etec is a lithium-ion battery electrolyte manufacturer having multiple factories across South Korea, China, and Malaysia. Their electrolytes are used in various forms of lithium-ion battery be it square, round or polymer. The company is a Samsung SDI partner organisation.

Key Metrics

Founded Year

2009

Location

Busan, South Korea

Stage

Acquired

Investors

JKL Partners & 8 more

Ranked

16^th among 40 active competitors

Similar Companies

South 8 & 35 more

Exit Details

Acquired by Dongwha Enterprise (Aug 14, 2019)

View Panax Etec's full profile

Panax Etec got acquired by Dongwha Enterprise on Aug 14, 2019 at an acquisition amount of $*****.

Click here to take a look at Panax Etec's acquisition in detail

Panax Etec is a funded company. Panax Etec has 9 institutional investors.

View details of Panax Etec's funding rounds and investors

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Top competitors of Panax Etec include South 8, GFCL EV and Safire Technology Group. Here is the list of Top 10 competitors of Panax Etec, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	South 8 2013, San Diego (United States), Series B	Liquefied gas electrolyte for lithium ion batteries	$23M	Lockheed Martin, Shell & 17 others	62/100
2nd	GFCL EV 2021, Noida (India), Series D	Provider of intermediate chemicals for lithium and sodium-ion battery applications	$119M	-	56/100
3rd	Safire Technology Group 2020, Mclean (United States), Seed	Developer of hybrid-state liquid-to-solid shear thickening battery safety technology	$13.7M	Canaan, MaC Venture Capital & 7 others	53/100
4th	Elementium 2024, Somerville (United States), Seed	Provider of battery components	$3M	-	53/100
5th	Ionic Materials 2012, Woburn (United States), Series C	Solid state polymer electrolyte material	$65M	Total, Hyundai Cradle & 8 others	50/100
6th	Enchem 2012, Jecheon si (South Korea), Public	Developer of electrolytes	-	GNTech Venture Capital, E&Investment & 4 others	49/100
7th	Adden Energy 2021, Waltham (United States), Series A	Provider of solutions for solid state batteries	$20.1M	Primavera, At One Ventures & 4 others	47/100
8th	Ampcera 2017, Milpitas (United States), Series A	Developer of solid electrolyte materials	$15M	Hanwhasolutions, DOE & 2 others	46/100
9th	Silatronix 2007, Madison (United States), Acquired	Developer of nanostructured electorde	$14.9M	Foley Ventures, Hitachi Chemical & 8 others	44/100
10th	Qkera 2023, Munich (Germany), Seed	Developer of solid state electrolyte	-	EIT InnoEnergy, UnternehmerTUM & 3 others	43/100
16th	Panax Etec 2009, Busan (South Korea), Acquired	Lithium based battery electrolyte manufacturer	-	JKL Partners, Partners Investment & 7 others	33/100