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Industry

Energy

Company Type

Batteries

Size

$30 Million

Investment Type

Covertible Debt/Equity

For additional information, please contact:
Axel Reijmers | Managing Director
(201) 747-4718

Overview

Raising $30 million to expand battery pack and module manufacturing capacity

First closing with a Fortune 500 investor for $8 million

Over 15 years of experience in battery design, cell selection, and product certification

Tailored battery solutions for commercial and industrial applications, including domestic engineering, manufacturing, and dedicated support

Chemistry-neutral by focusing on advanced battery modules and packs (65-80% of value-add), without manufacturing the battery cells, enabling its team of 30+ engineers to provide lowest-cost-of-ownership solutions

Proven partnerships with blue chip OEMs for Off highway, Highway, and Stationary / Data centers segments

~$500MM of supply agreement in place over the next seven years

Our Journey Towards Full-Service Battery Manufacturing

In June 2022, CAR Technologies, a tier-one advanced battery lab founded in 2009, and Technicity LLC’s battery prototyping and controls division combined to create Acculon Energy, Inc.

In August 2022, Terex Corp. led a Series A investment in Acculon Energy with a $10 million investment, focusing on advanced battery programs of industrial and commercial OEMs.

Leveraging deep industry relationships and technical knowledge, Acculon set out to deliver cost-competitive, high-quality battery modules and packs.

In October 2023, Acculon acquired and is customizing two new, state-of-the-art manufacturing lines with a combined capacity of 2GWh for Acculon’s scalable battery module architecture. These manufacturing lines help Acculon address the burgeoning demand for energy storage solutions in North America with products made in the US, driven by the incentives in the recently passed Inflation Reduction Act.

 

Acculon Energy

Design & Validation Pedigree

Chemistry Agnostic

No Fire Certified

Designed for Flexible Manufacturing

LFP, NA+, NMC, Si Anode, SSB

Unique Know-How & Proprietary Designs Allow for Best of Breed Battery Solutions Across Multiple Chemistries, Utilizing the Same High Volume Manufacturing Line

IP: Multi Market, Multi Chemistry & Safety Certified

Acculon Products in Action

SHIFT FROM LEAD ACID BATTERY

REPLACING DIESEL

STATIONARY ENERGY

Product-Market Strategy

Mid: Off The Shelf Products
Battery Modules & Packs
Large: Joint Product Development
Custom Modules & Packs
Mega: Engineering Partnership
Battery Testing & Validation

Management Team

Robert Lane | Chairman & CAO, Co-Founder


  • Serial entrepreneur with 20+ years of experience in energy storage and alternative fuels
  • Founded and successfully sold companies like CAR Technologies, Technicity, and nTelagent, bringing extensive experience from MSX, GE, Nortel Networks, and DuPont

Andrew Thomas | President & Co-Founder


  • Over 10 years of experience in energy storage systems
  • Held key roles at Crown Battery Manufacturing and FIAMM, developing battery solutions for industrial, commercial, and automotive markets

BJ Yurkovich | CTO & Co-Founder


  • 15 years of experience in electrification and energy systems
  • Co-founded Technicity, PlugSmart, and Juice Technologies, with deep expertise in energy storage, systems modeling, and AI, having worked with industry giants like GE, Belkin, Amazon, and Google

David Ginder | Director of Engineering


  • 25 years of lithium battery experience across stationary, mobile, and aerospace applications
  • Expert in team building, global engineering, and compliance, with a track record of deploying products in challenging environments worldwide

Tony Spath | New Business Development Leader


  • 15+ years of experience in corporate strategy and technology commercialization
  • Formerly led American Electric Power’s partnerships in emerging technologies, with experience at Carrier and legal startup Article One Partners, bringing innovative HVAC and utility technologies to market

  Cody O’ Meara | Technical Programs Manager


  • 10+ years of experience in battery systems product and research & development
  • Formerly Research & Development Engineer at NASA
  • Project Engineer for Nexceris’ Li-Ion Tamer battery failure sensor (business sold to Honeywell)

Specific Risks

Technical Risks

  • Quality and Reliability Issues: Failures in design or production could lead to costly recalls and damage the company’s reputation.
  • Supply Chain Vulnerabilities: Dependence on foreign suppliers for critical raw materials like lithium, subject to geopolitical risks, could disrupt production.

Operational Risks

  • Manufacturing Challenges: Scaling production while maintaining quality in advanced battery manufacturing can be difficult.

Regulatory Risks

  • Changing Environmental Regulations: New regulations could impose additional costs for compliance, particularly with raw material sourcing and waste disposal.
  • Safety Standards Compliance: Meeting stringent global safety standards may require continuous upgrades, adding to operational costs.

Environmental Risks

  • Hazardous Waste Management: Improper disposal of battery waste could result in environmental contamination, fines, and legal liabilities.
  • Climate Impact on Supply Chain: Climate change could disrupt the availability of raw materials and transportation, affecting supply chains.

Customer Acceptance Risks

  • Market Adoption Uncertainty: Slow adoption of new battery technologies due to customer concerns about cost, safety, or performance.
  • Price Sensitivity: High costs associated with advanced battery technology may lead to a potential loss of business to cheaper alternatives.

Patent Risks

  • Intellectual Property Challenges: Risk of infringement on existing patents could lead to costly legal battles.
  • Reverse Engineering: Competitors may replicate proprietary technology, eroding competitive advantage.

Other

  • Private securities are speculative, illiquid, and carry a high degree of risk – including the loss of the entire investment.
Learn More About Acculon Energy

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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