When was SK On founded?

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

Where is SK On located?

SK On is headquartered in Seoul, South Korea.

Which legal entities is SK On associated with?

SK On is associated with Sk On Co., Ltd.

How many employees does SK On have?

As of Aug 31, 2026, the latest employee count at SK On is 1214.

Is SK On a funded company?

SK On is a funded company, having raised a total of $1.73B across 5 funding rounds to date. The company's 1st funding round was a $***** Series C round, raised on Aug 19, 2022.

When was the latest funding round of SK On?

SK On's latest funding was a $***** Series E round on Jul 11, 2023, with participation from 1 investor.

What is the annual revenue of SK On?

Annual revenue of SK On is between $1M and $10M as on Dec 31, 2023

Where does SK On rank among its competitors?

SK On ranks 7th amongst 345 active competitors, of which 54 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Emo Energy, which secured $6.2M in May, 2026.

Who are the top competitors of SK On?

SK On's top competitors include A123 Systems, Proterra and QuantumScape. Among them, Emo Energy secured the most recent funding round in May, 2026.

SK On - 2026 Company Profile, Team, Funding, Competitors & Financials

SK On is a series E company based in Seoul (South Korea), founded in 2021. It operates as a Provider of energy and chemical products, including batteries and lubricants. SK On has raised $1.73B in funding from MBK Partners and Korea Investment Holdings. The company has 345 active competitors, including 54 funded and 47 that have exited. Its top competitors include companies like A123 Systems, Proterra and QuantumScape.

Company Details

Provider of energy and chemical products, including batteries and lubricants. The organization focuses on battery business, alongside exploration and production. It offers a range of products, including petrochemicals, plastics, and performance materials. The business is structured around several core divisions, each specializing in different aspects of the energy, chemical, and advanced materials sectors.

Website: sk-on.com
Phone Number: +82 **********

Key Metrics

Founded Year

2021

Location

Seoul, South Korea

Stage

Series E

Total Funding

$1.73B in 5 rounds

Latest Funding Round

Series E, Jul 11, 2023, $*****

Investors

MBK Partners & 4 more

Ranked

7^th among 345 active competitors

Annual Revenue

$1M - $10M as on Dec 31, 2023

Employee Count

1,214 as on Aug 31, 2026

Investment & Acquisitions

BTR

Similar Companies

Grinntech & 210 more

View SK On's full profile

SK On is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Sk On Co., Ltd CIN: 242-87-02258 , South Korea, Active	Oct 01, 2021	$1M - $10M (As on Dec 31, 2023)	-	-

SK On has raised a total funding of $1.73B over 5 rounds. Its first funding round was on Aug 19, 2022. Its latest funding round was a Series E round on Jul 11, 2023 for $*****. 1 investor participated in its latest round. SK On has 5 institutional investors.

Here is the list of recent funding rounds of SK On:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 11, 2023	1513870	Series E	3272606	6222528	1201169	5723787
Jun 08, 2023	2312046	Series E	8597214	4323618	7349927	Hillhouse
May 25, 2023	5400271	Series E	8844300	6106593	MBK Partners	7351825

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View details of SK On's funding rounds and investors

SK On's employee count trend

SK On has 1,214 employees as of Aug 26. Here is SK On's employee count trend over the years:

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Top competitors of SK On include A123 Systems, Proterra and QuantumScape. Here is the list of Top 10 competitors of SK On, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	A123 Systems 2001, Hangzhou (China), Public	Manufacturer of automotive lithium-ion batteries	$201M	General Electric, Qualcomm Ventures & 19 others	76/100
2nd	Proterra 2004, Burlingame (United States), Public	Manufacturer of battery systems for heavy duty and commercial vehicles	$858M	Kleiner Perkins, GM Ventures & 38 others	76/100
3rd	QuantumScape 2010, San Jose (United States), Public	Developer of solid-state lithium-metal battery technology for electric vehicle applications	$1B	Volkswagen Group, Toyota Motor & 16 others	73/100
4th	SES Technologies 2012, Woburn (United States), Public	Developer of Li-Metal batteries and AI-powered battery management solutions	$336M	Temasek, Applied Materials & 16 others	72/100
5th	Contemporary Amperex Technology 2011, Ningde (China), Public	Manufacturer of battery systems for electric vehicles and energy storage	-	Fortera Capital, Strait Huifu Industrial Investment Fund Management ... & 18 others	67/100
6th	Emo Energy 2022, Bengaluru (India), Series A	Provider of energy management systems integrating battery technology and charging hardware	$14.1M	Subhkam Ventures, Gruhas & 49 others	67/100
7th	SK On 2021, Seoul (South Korea), Series E	Provider of energy and chemical products, including batteries and lubricants	$1.73B	Hillhouse, MBK Partners & 3 others	66/100
8th	Grinntech 2013, Chennai (India), Acquired	Manufacturer of lithium-ion battery packs, off-the-shelf products, and custom solutions	$2M	RTBI, Magnetic Meter Systems & 3 others	66/100
9th	ACC 2020, Bruges (France), Series D	Manufacturer of lithium-ion battery cells and modules for electric four-wheelers	$1.2B	Mercedes-Benz, Bundesministerium fur Wirtschaft und Klimaschutz ... & 8 others	65/100
10th	Clean Electric 2020, Pune (India), Series A	Manufacturer of lithium ion battery solutions for electric vehicle applications	$8.35M	Kalaari Capital, pi Ventures & 21 others	65/100