ProLogium Technology Funding, Investors & Competitors

ProLogium Technology has raised $538M across 3 funding rounds, most recently a $112M undisclosed-stage round in January 2022.

Last ProLogium Technology funding round

$112M

Undisclosed stage · Jan 2022

Cumulative funding ProLogium Technology raised

$538M

across 3 funding rounds

Key investors in ProLogium Technology

  • SBCVC
  • Mercedes-Benz
  • Bank of China Group Investment
  • FAW Group
  • dGav Capital

ProLogium Technology Overview

About ProLogium Technology

ProLogium Technology is a Taiwan-based producer of solid-state lithium batteries featuring ultra-thin, flexible cells with energy densities exceeding 400 Wh/kg. Taoyuan-headquartered, it manufactures bipolar stacked designs for EVs, consumer electronics, and drones, achieving 20-minute fast charging. With gigafactory capacity reaching 24 GWh by 2024, ProLogium supplies BMW and Mercedes-Benz prototypes. Founded in 2006 as a National Tsing Hua University spinout, it holds over 1,000 patents.


Founded

2006

HQ

TaiwanTaoyuan

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

ProLogium Technology Funding History

ProLogium Technology has raised a total of $538M across 3 funding rounds.

ProLogium Technology's first fundraising round was a $100M Series D in April 2020. The most recent completed round was a $112M undisclosed-stage round in January 2022.

ProLogium Technology funding rounds

ProLogium Technology funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2022Undisclosed stageMercedes-Benz (lead)$112MProLogium Technology is a Taiwanese solid-state battery manufacturer specializing in next-generation EV battery cells with innovative materials and design aimed at doubling range, reducing size and weight compared to conventional lithium-ion batteries. The company has been collaborating with Mercedes-Benz since 2016 on testing EV battery cells. On January 27, 2022, Mercedes-Benz Group AG announced a strategic investment described as a high double-digit million euro amount, along with a technology cooperation agreement to jointly develop solid-state battery cells for test vehicles and potential integration into passenger vehicles by the second half of the decade. As part of the deal, Mercedes-Benz took a seat on ProLogium's board of directors to support technology development and the establishment of production capacities in Europe. The investment aligns with ProLogium's expansion plans, including completing a GWh-scale plant near Taipei by end-2022 and scaling up capacities in Asia, Europe, and the USA between 2023 and 2025. This followed a prior financing round in October 2021 where ProLogium raised over US$326 million from investors including Primavera Capital Group and SoftBank China Venture Capital, with funds earmarked for production expansion. Mercedes-Benz's move is part of its broader strategy to advance battery technology for all-electric vehicles by 2030, with other partners like Factorial Energy, Automotive Cells Co, and Farasis Energy. ProLogium also partners with VinFast. In March 2022, CEO Vincent Yang indicated plans for a potential pre-IPO funding round exceeding the prior US$326 million raise and considering listings in the US or Europe later that year or in 2023 to further support growth.
Oct 2021Series EdGav Capital; SBCVC$326MProLogium Technology, a Taiwanese solid-state battery manufacturer specializing in lithium ceramic solid-state batteries (SSBs), completed a US$326 million financing round on October 29, 2021. Investors included dGav Capital managed fund New Epoch Capital LP, Primavera managed fund Carna Investments Holding Limited, and SBCVC managed fund SBCVC Navitas Limited, with dGav Capital and SBCVC as existing shareholders providing continued support alongside new investor Primavera Capital. The company, founded 15 years prior, focuses on SSBs sold to industries like 3C electronics, industrial, medical, and IoT, and has signed strategic cooperation agreements with car manufacturers following the 2020 unveiling of its MAB (Multi-Axis Bipolar+) assembly technology. The funds are designated for developing mass production facilities for ProLogium's proprietary SSB technology and expanding plants in Asia, Europe, and the US between 2023 and 2025 to meet local demands from major OEMs for high-quality EV batteries. This investment aims to accelerate the market introduction of solid-state battery-powered electric vehicles within 2-3 years, strengthening ProLogium's position to supply high-performing, safe, and affordable EV batteries to strategic partners worldwide. CEO Vincent Yang emphasized the role of ProLogium SSBs in guaranteeing optimal safety and performance for EVs. ProLogium has previously undergone four rounds of financing with investors including SBCVC, TEDA Venture Capital Corporation Limited, and Bank of China Group Investment Limited. The round aligns with growing interest in solid-state batteries amid the expansion of the global new energy vehicle (NEV) market, positioning ProLogium to solidify its lead in mass production and commercialization of SSBs.
Apr 2020Series DBank of China Group Investment; FAW Group$100MProLogium Technology is a Taiwan-based solid-state lithium battery maker founded in 2006, specializing in next-generation lithium ceramic batteries for electric vehicles and consumer electronics. The company closed its Series D funding round in 2020, raising approximately $100 million from investors including Bank of China Group Investment Limited and an investment arm of automaker FAW Group. The company has established collaborations with several electric vehicle manufacturers including Nio, Enovate, and Aiways. ProLogium has built a GWh-scale demonstration plant in Taoyuan, Taiwan, with stable shipments underway, and is expanding with a gigafactory planned in Dunkirk, France. The company's proprietary GEN 4 solid-state battery platform emphasizes safety, performance, cost efficiency, and mass production capability. By 2024, ProLogium reported revenue of $5.3 million, representing 134% year-on-year growth and validating both its technical capabilities and global expansion potential. The company's SF Ceramion material costs are only 3–5% of conventional sulfide systems, positioning it competitively against established battery makers like CATL in the growing EV supply chain.

Who has invested in ProLogium Technology?

5 investors have backed ProLogium Technology across its funding rounds, including SBCVC, Mercedes-Benz, Bank of China Group Investment, FAW Group and dGav Capital.

Lead investors include Mercedes-Benz.


ProLogium Technology Investors

Investors in ProLogium Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
dGav CapitalChinaShanghai1ParticipantOct 2021
Mercedes-BenzGermanyStuttgart1LeadJan 2022
SBCVCChinaShanghai1ParticipantOct 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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ProLogium Technology Competitors

ProLogium Technology competitors include listed companies like Disco and Qnity Electronics, and private ones like Group14 Technologies, Hithium Energy Storage, Beijing Weilan New Energy Technology and Diamond Foundry.

Public and private companies comparable to ProLogium Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DiscoJapanJapanPublicly listed$2.8B$1.3B$28B7.9x
Group14 TechnologiesUnited StatesSeattle, WAPrivate$39M-$5.1B-
Hithium Energy StorageChinaXiamenPrivate--$4.2B-
Beijing Weilan New Energy TechnologyChinaBeijingPrivate--$2.4B-
Diamond FoundryUnited StatesSan Francisco, CAPrivate--$1.8B-
Qnity ElectronicsUnited StatesUnited StatesPublicly listed$4.8B$1.4B$24B4.9x

ProLogium Technology Public Comps

ProLogium Technology is still privately-owned, but its public comps include NVIDIA, TSMC, Tesla, Broadcom, Samsung, Micron, AMD, SK hynix, ASML and CXMT.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
NVIDIA$216B$142B20.8x12.3x31.5x18.6x
TSMC$116B$80B13.8x9.7x19.9x13.3x
Tesla$95B$10B14.6x13.1x137.6x93.2x
Broadcom$64B$34B22.5x13.4x41.8x19.7x
Samsung$247B$68B3.1x1.6x11.3x2.7x
Micron$133B$108B5.6x4.6x6.9x5.5x
AMD$35B$7.1B21.1x14.7x103.3x55.0x
SK hynix$72B$48B7.5x2.3x11.3x2.8x

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Common questions about ProLogium Technology

When was ProLogium Technology founded?ProLogium Technology was founded in 2006.
Where is ProLogium Technology headquartered?ProLogium Technology is headquartered in Taoyuan, Taiwan.
Is ProLogium Technology publicly listed?No, ProLogium Technology is a private, VC-backed company.
How much funding has ProLogium Technology raised?ProLogium Technology has raised $538M across 3 funding rounds.
What was ProLogium Technology's last funding round?ProLogium Technology's last funding round was a $112M undisclosed-stage round in January 2022, led by Mercedes-Benz.
Who are ProLogium Technology's investors?ProLogium Technology's investors include dGav Capital, Mercedes-Benz, SBCVC, Bank of China Group Investment and FAW Group.
Which companies are comparable to ProLogium Technology?Companies comparable to ProLogium Technology include Disco, Group14 Technologies, Hithium Energy Storage, Beijing Weilan New Energy Technology, Diamond Foundry and Qnity Electronics.

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