Gaon Group Invests in Secondary Battery Venture Company Shares... "Expecting Strategic Partnership"

Gaon Group, a total solution company specializing in artificial intelligence (AI), announced on the 25th that it has made a strategic equity investment in Mokyuratec, a venture company specializing in lithium-ion secondary battery solutions.

Founded in 2021, Mokyuratec possesses BBM (Battery Balancing Module), a battery health state (SoH, State of Health) management technology that ensures safety against secondary battery fires and explosions. BBM is a core product applicable to all devices using lithium batteries, such as electric vehicles, energy storage systems (ESS), and urban air mobility (UAM).

In particular, with the electric vehicle battery reuse market expected to grow significantly due to the relatively short usage cycle of about 5 to 10 years, Mokyuratec has developed a solution that extends the usage cycle by restoring the performance of used batteries. Since October last year, the company has been conducting technology development and demonstration projects to improve the safety of ESS using reused batteries in collaboration with Korea Electric Power Technology, and KEPCO KPS.

Recently, its self-developed “Battery Regenerator (Li-juvenator)” won the Innovation Awards in the Sustainability, Eco Design, and Smart Energy categories at CES 2024, proving its potential for global market expansion.

A company official stated, “By forming a strategic partnership with Mokyuratec, we will not only benefit from the increase in equity value but also create synergy points with our key technologies such as AI, networks, and autonomous driving robots. We plan to continuously explore various investment opportunities to discover next-generation growth engines.”