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StarPlus Energy
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Manufacturer of lithium-ion batteries for electric vehicles, a joint venture by Samsung SDI and Stellantis

Founded in 2022
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Company type Private Public ()
Company type

Industry Group transportation & logistics

Sector vehicle components

TRL Range 4-6
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
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Headquarters United States United States
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Updated by Hattie Partner at on 06/09/2025

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Date Partner Type
09/03/2024
Lotte Chemical Company Lotte Chemical Company
Lotte Energy to supply copper foil to StarPlus Energy for its battery manufacturing line.
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Confirmed by Lotte Chemical Company
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IPO INFORMATION

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Date Investors Type Amount
12/19/2024 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
Funding will be used to build two lithium-ion battery plants in Kokomo, Indiana. At full scale, the plants will produce 67 gigawatt hours of batteries annually, enough to power 670,000 electric vehicles.
Loan $7,500,000,000
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