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Alelion Batteries
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Short description

Developer of customized batteries, power electronics and control systems for midsize applications (Wheel chairs, cleaning maschines etc), electric vehicles and renewable energy systems

Founded in 2006
Founded in

Company type Public Public ()
Company type

Industry Group energy & power

Sector energy storage

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Sweden Mölndal, Sweden
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Date Partner Type
Paragon AG Paragon AG
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Confirmed by Paragon AG
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IPO INFORMATION

Date

07/21/2016

IPO status

Listed

IPO Type

IPO

Amount

$11.9M

Initial shares

Ticker symbol

Exchange listed

OMX NORDIC

Prospectus URL

Prospectus

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Description

Alelion Batteries was listed on Nasdaq First North in June and implemented a new share issue that was heavily oversubscribed, raising approximately SEK 101 million from institutional investors and the public

Date Investors Type Amount
10/28/2010 IKEA Group IKEA Group (1)
Post-money valuation of
IKEA Greentech have invested €2 million to aid in product development.
Growth Equity $2,600,000
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Products
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Product image Name Product status Revenue model Cost metrics

EasyPower

Batteries for all types of forklifts

Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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