When was PowerX founded?

PowerX was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is PowerX located?

PowerX is headquartered in Minato, Japan. It is registered at 東京都,港区,赤坂９丁目７番１号ミッドタウン・タワー４３階.

Who is the current CEO of PowerX?

Masahiro Ito of PowerX. They have also founded 1 company.

How many employees does PowerX have?

As of Mar 31, 2026, the latest employee count at PowerX is 119.

Is PowerX a funded company?

PowerX is a funded company, having raised a total of $112M across 7 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 23, 2022.

When was the latest funding round of PowerX?

PowerX's latest funding was a $***** Series C round on Mar 07, 2025, with participation from 5 investors.

Where does PowerX rank among its competitors?

PowerX ranks 1st amongst 13 active competitors, only 1 of which is funded. Ilika, which secured $1.68M in Jul, 2025.

Who are the top competitors of PowerX?

PowerX's top competitors include Samsung SDI, Ilika and VARTA. Among them, Ilika secured the most recent funding round in July, 2025.

PowerX - 2026 Company Profile, Team, Funding, Competitors & Financials

PowerX is a public company based in Minato (Japan), founded in 2021 by Masahiro Ito. It operates as a Manufacturer of stationary battery storage systems and related energy services. PowerX has raised $112M in funding from investors like Nippon Gases, SMBC Nikko Securities and Sompo. The company has 13 active competitors, including 1 funded and 8 that have exited. Its top competitors include companies like Samsung SDI, Ilika and VARTA.

Company Details

Manufacturer of stationary battery storage systems and related energy services. The company provides large-scale stationary battery solutions and related services. These offerings include battery storage systems, energy services, and charging solutions. The company is also involved in energy-related projects. It develops and deploys grid-connected energy storage solutions for power companies, real estate developers, and logistics firms.

Website: power-x.jp/intl
Email ID: *****@power-x.jp
Registered Address: 東京都,港区,赤坂９丁目７番１号ミッドタウン・タワー４３階

Key Metrics

Founded Year

2021

Location

Minato, Japan

Stage

Public

Total Funding

$112M in 7 rounds

Latest Funding Round

Series C, Mar 07, 2025, $*****

Investors

Nippon Gases & 37 more

Ranked

1^st among 13 active competitors

Employee Count

119 as on Mar 31, 2026

Investment & Acquisitions

Ocean Power Grid

Similar Companies

Northvolt & 1415 more

Exit Details

Public

View PowerX's full profile

PowerX is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PowerX Co., Ltd. CIN: 7010401159056 , Japan, Active	Mar 25, 2021	$129M (As on Dec 31, 2025)	-	-

PowerX got listed on Dec 19, 2025.

Click here to take a look at PowerX's IPO in detail

PowerX has raised a total funding of $112M over 7 rounds. Its first funding round was on May 23, 2022. Its latest funding round was a Series C round on Mar 07, 2025 for $*****. 5 investors participated in its latest round. PowerX has 38 institutional investors.

Here is the list of recent funding rounds of PowerX:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 07, 2025	6931278	Series C	4981630	6737656	4261458	1565697
Sep 11, 2024	6510242	Series C	5842433	6475853	7807398	Frontive & 2 more
Jan 22, 2024	4772885	Conventional Debt	2460913	5731568	9333827	Mitsubishi UFJ Morgan Stanley Securities & 7 more

Access funding benchmarks and valuations. Sign up today!

View details of PowerX's funding rounds and investors

The founders of PowerX is Masahiro Ito. Masahiro Ito is the CEO of PowerX.

Here are the details of PowerX's key team members:

Masahiro Ito: Founder & CEO of PowerX.
Contact Info: 1 email address

View details of PowerX's Founder profiles and Board Members

PowerX's employee count trend

PowerX has 119 employees as of Mar 26. Here is PowerX's employee count trend over the years:

Uncover PowerX's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of PowerX include Samsung SDI, Ilika and VARTA. Here is the list of Top 10 competitors of PowerX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PowerX 2021, Minato (Japan), Public	Manufacturer of stationary battery storage systems and related energy services	$112M	Mitsui, Japan Airlines & 36 others	64/100
2nd	Samsung SDI 1970, Yongin si (South Korea), Public	Manufacturer of lithium-ion batteries and electronic materials for various applications	-	-	62/100
3rd	Ilika 2004, Chilworth (United Kingdom), Public	Platform offering batteries for electric cars	-	Herald Investment Management, Parkwalk & 6 others	57/100
4th	VARTA 1887, Ellwangen (Germany), Public	Manufacturer of energy storage systems, batteries, and integrated battery solutions	-	FFG, Austria Wirtschaftsservice & 1 others	56/100
5th	Eve Energy 2001, Huizhou (China), Public	Manufacturer of lithium batteries, modules, and battery systems for various applications	-	China Merchants Capital, Loayal Valley Capital ... & 3 others	46/100
6th	APB 2019, Tokyo (Japan), Series C	Manufacturer of lithium batteries	$74.3M	Obayashi, ENEOS Group & 9 others	42/100
7th	AESC 2007, Yokohama (Japan), Unfunded	Manufacturer of batteries for electric vehicles	-	-	36/100
8th	Enax 1996, Tokyo (Japan), Late Stage	Lithium-ion battery manufacturers for industrial use	$41.5M	INCJ, Nippon Technology Venture Partners	33/100
9th	Prime Earth EV Energy 1996, Kosai (Japan), Acquired	Provider of secondary battery technology solutions	-	-	30/100
10th	CENAT New Energy Group 2010, Chiyoda City (Japan), Acquired	Manufacturer of ternary lithium-ion battery	-	-	30/100