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- ProLogium Technology
ProLogium Technology Acquisition, Valuation, Funding & Investors
ProLogium Technology was acquired by Translational Development for $3.8B in May 2026.
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
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
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$3.8B (acquired May 2026)
ProLogium Technology Acquisition
ProLogium Technology was acquired by Translational Development for $3.8B on 26 May 2026.
Before the acquisition ProLogium Technology had raised $538M across 3 funding rounds.
ProLogium Technology is combining with Translational Development Acquisition Corp. in a SPAC merger valued at approximately USD 3,800 million on a pre-money, net cash-free basis, with the transaction expected to be funded through TDAC’s cash in trust plus proceeds from a targeted common equity PIPE. The boards of both companies approved the deal, which is expected to close in the second half of 2026 subject to shareholder and regulatory approvals. The transaction is intended to finance the scaling of ProLogium’s solid-state battery production and commercialization efforts. ProLogium is positioned as a next-generation solid-state battery developer with 10 years of commercial execution, and the combined company will be named ProLogium Technology and list on Nasdaq. ProLogium develops all-inorganic solid-state lithium ceramic batteries and reported operational milestones including 800,000 cells shipped. The deal announcement also indicates the company has received external recognition for its technology, supporting the strategic rationale for public-market capital to expand manufacturing scale and commercialization.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 26 May 2026 | PE buyout | $3.8B |
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2022 | Undisclosed stage | Mercedes-Benz (lead) | $112M | ProLogium 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 2021 | Series E | dGav Capital; SBCVC | $326M | ProLogium 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 2020 | Series D | Bank of China Group Investment; FAW Group | $100M | ProLogium 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Oct 2021 | ||
| 1 | Lead | Jan 2022 | ||
| 1 | Participant | Oct 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialProLogium Technology Competitors
ProLogium Technology competitors include listed companies like Epiworld International and Sai Micro Electronics, and private ones like Hithium Energy Storage, Group14 Technologies, Beijing Weilan New Energy Technology and Diamond Foundry.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
| Private | - | - | $4.2B | ||
| Private | $39M | - | $5.1B | ||
| Private | - | - | $2.4B | ||
| Private | - | - | $1.8B | ||
| Publicly listed | $114M | ($3M) | $4.6B | ||
| Publicly listed | $123M | - | $3.8B |
ProLogium Technology Public Comps
ProLogium Technology is no longer listed, but its public comps include Sai Micro Electronics, RORZE, Nordic Semiconductor, Johnson Matthey, DB HiTek, CALB Group, Jingjia Microelectronics, Leeno Industrial, Wuxi NCE Power and Goodix.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $123M | - | 30.5x | - | - | - | |||
| $828M | $197M | 4.2x | 3.6x | 17.5x | 12.7x | |||
| $668M | $56M | 5.4x | 4.5x | 64.3x | 33.5x | |||
| $17B | $399M | 0.3x | 1.4x | 12.6x | 7.2x | |||
| $1B | $347M | 3.3x | 2.9x | 9.6x | 8.6x | |||
| $6.6B | $1.2B | 1.9x | 1.3x | 10.6x | 9.0x | |||
| $107M | ($33M) | 33.3x | - | (107.6x) | - | |||
| $271M | $145M | 12.4x | 11.0x | 23.1x | 20.9x | |||
This data is available for Pro users. Sign up to see all ProLogium Technology competitors and their valuation data. Start Free Trial | ||||||||
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 was acquired by Translational Development in May 2026. |
| Who acquired ProLogium Technology? | ProLogium Technology was acquired by Translational Development in May 2026. |
| How much was ProLogium Technology acquired for? | ProLogium Technology was acquired for $3.8B in May 2026. |
| 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 Hithium Energy Storage, Group14 Technologies, Beijing Weilan New Energy Technology, Diamond Foundry, Epiworld International and Sai Micro Electronics. |
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