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Lg Energy Increases Battery Production In The U.S. With $1.4B Investment

PRIVATEMar 24, 2022

Amount Raised

$1.4 Billion

Round Type

Venture

South KoreaManufacturingEnergySustainabilityNatural ResourcesSoftwareRenewable EnergyEnergy Storage

Description

South Korea’s LG Energy Solution, which supplies electric vehicle batteries to Tesla, Lucid Motors, General Motors and Proterra, said on Thursday it is investing $1.4 billion (1.7 trillion KRW) to build a cylindrical battery plant in Queen Creek, Arizona.

Quick answer

LG Energy Solution Ltd raised $1.4 Billion in a funding round, dated March 24, 2022. LG Energy Solution Ltd is based in South Korea.

How much did LG Energy Solution Ltd raise?
LG Energy Solution Ltd raised $1.4 Billion in a funding round on March 24, 2022.
What does LG Energy Solution Ltd do?
LG Energy Solution Ltd. (LGES) is South Korea's leading battery maker, specializing in energy storage systems (ESS) and lithium-ion batteries.
Where is LG Energy Solution Ltd based and how big is it?
LG Energy Solution Ltd is based in South Korea.
Who are the decision-makers at LG Energy Solution Ltd?
Fundz holds 5 contacts at LG Energy Solution Ltd. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Sustainability around the same time

Companies in the same sectors as LG Energy Solution Ltd that raised within 45 days of this round, from Fundz verified event records.

  • Antora Energy raised $50M (Funding Round) on February 16, 2022.
  • South 8 Technologies raised $12M (Funding Round) on April 26, 2022.
  • Crusoe raised $505M (Funding Round) on April 21, 2022.
  • Enerkem raised $255M (Funding Round) on April 6, 2022.
  • Validere raised $43M (Funding Round) on March 15, 2022.
  • Aurora Solar raised $200M on March 2, 2022.

Who to call at LG Energy Solution Ltd, and when

A new round usually means LG Energy Solution Ltd is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day LG Energy Solution Ltd raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at LG Energy Solution Ltd, from your own LinkedIn network

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Company Information

Company

LG Energy Solution Ltd

Location

South Korea

About

LG Energy Solution Ltd. (LGES) is South Korea's leading battery maker, specializing in energy storage systems (ESS) and lithium-ion batteries. It is a key player in the global market, providing innovative and sustainable energy solutions.

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Fundz sees it the moment LG Energy Solution Ltd raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

5 contacts
Predictive Intelligence
Strategic

ML-powered predictions for LG Energy Solution Ltd's next move

See what Strategic adds

LG Energy Solution Ltd raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.