Business Overview

Our Client is an engineering company that develops solid-state battery cell technology and battery packs that will double the electric vehicle range. With several unstoppable revenue streams in the field of battery cell development (solid-state, and generation 3 lithium-ion), design/manufacturing of battery packs, and recycling, our client has a growth potential only limited by the amount of investment made in its future marketing and technology. With solid revenue increases, the company is poised on the cusp of explosive growth, and seeks a Buyer to capitalize on its unique growth opportunity.

Our Client is an engineering company that is offering state of the art technological solutions for automotive and industrial players in the field of battery cell (solid-state and generation 3 lithium-ion) development and design/manufacturing of battery packs. Regarding development this happens through typical engineering services and R&D contracts. Manufacturing of battery packs happens on a typical supplier commercial basis. The profit margins for products and services are exceptional.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.


  • Asking Price: N/A
  • Cash Flow: $1,253,943
  • Gross Revenue: $2,852,091
  • FF&E: $3,000,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Our Client currently rents substantial office, lab and manufacturing space (internationally for now). They will shortly be building owned facilities, the details of which will be provided to serious buyers.

Purpose For Selling:

Fast-track growth and manufacturing initiatives.

Pros and Cons:

Regarding solid-state technology, it is very hard to make a comparison because most of the competitors are on a similar or lower TRL level (Technology Readiness Level). However, our Client has been able to reach very good results with, until recently, limited financial means and manpower. Regarding battery systems, our Client’s approach is more flexible than that of competitors’ and the company can offer faster and modular way solutions for different applications that most of our Client’s competitors do not have. Regarding recycling, our Client is focused on LFP (Lithium Ferro Phosphate) based batteries, while our competitors are focused on NMC (Nickel Manganese Cobalt) and NCA (Lithium Nickel-Cobalt-Aluminum Oxide) based batteries. Competitors are developing all materials through a vertical integration from raw materials to cell production. This is very risky and challenges are high. Our Client is specialized in process development, which can be adapted to different solid-state battery generations. Regarding battery systems: the approach of competitors is focused on dedicated markets with limited modular design strategies. Our Client’s design is fully modular and can be applied to different applications and markets.

Opportunities and Growth:

Our Client has been started with a modest investment and all goals that were expected by 2025 have been reached in 2.5 years, well ahead of projections. The company vision, strategy and management quality will ensure that the future goals allowed by the investment capital will be reached by all as well. Management is looking to roll a significant portion of their ownership equity in any future consummated transaction. The following priority projects are planned in order to expand the business and boost profits: 1. Set up of a battery pack production line with a capacity of 100MWh/year 2. Start of the battery recycling company with capacity of 1000T/year 3. Investment in solid-state battery cell facilities to acquire large contracts in excess of €10,000,000 per year 4. Launch of an IPO 5. Solid investment in HR and marketing.

Additional Info

The company was established in 2019, making the business 3 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 absolutely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent reduction in incomes, or a variety of other reasons. This is why it is extremely essential that you not count totally on a seller's word, but instead, use the vendor's answer along with your total due diligence. This will paint a much more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover points like inventory, payroll, accounts payable, etc. Remember that in some cases this can indicate that revenue margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in new clients? Many times, businesses have repeat clients, which create the core of their everyday earnings. Specific variables such as new competitors growing up around the location, roadway construction, as well as employee turnover can impact repeat consumers as well as adversely affect future earnings. One essential thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the greater the possibility to construct a returning client base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? How might the neighborhood typical home earnings influence future revenue prospects?