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POEN

Founded
2019
CEO
Seongjin Choi
Headquarters
Seoul, Korea

Company Overview
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POEN remanufactures and recycles electric vehicle (EV) batteries. The company assesses the health of end-of-life or damaged EV battery packs. It then rebuilds them into refurbished automotive batteries or repurposes them for stationary Energy Storage Systems (ESS).

Technology & Product
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POEN provides a range of battery diagnostics and remanufacturing services:

  • Battery Remanufacturing: Rebuilds used EV battery packs into quality-tested packs that meet automotive standards.
  • Safety & Diagnostic Testing: Measures residual capacity and health to identify cells or modules suitable for reuse or repurposing.
  • Second-Life Storage: Converts decommissioned battery packs into energy storage for residential, commercial, or micro-grid installations.

Market & Use Cases
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POEN works with automotive OEMs, battery manufacturers, and fleet operators who must manage battery lifecycles and meet environmental regulations. By remanufacturing battery packs, POEN helps manufacturers and car owners avoid the high cost of brand-new replacements.

Traction & References
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  • POEN has remanufactured more than 1,000 EV battery packs over a four-year period in Korea.
  • Major global OEMs have saved an estimated USD 20 million through POEN’s battery remanufacturing services.
  • The company maintains active R&D and quality analysis collaborations with major industry players, including SK On, CATL, Webasto, and Hyundai Mobis.
  • POEN is expanding internationally, having registered a U.S. branch in Los Angeles and a German branch in Frankfurt.

Collaboration Relevance
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  • European automotive OEMs, EV fleet operators, and transit networks can partner with POEN to run local battery remanufacturing, repair, and circular lifecycle programs.
  • Utility firms, charging station operators, and commercial buildings can deploy cost-efficient second-life ESS units.
  • Battery cell manufacturers and Tier 1 suppliers can use POEN’s diagnostic services to analyze pack-level defects and improve battery R&D.