P
PowerX
Transportation · Tokyo, Japan · Founded 2021
Maritime power transfer, EV charging, and storage MoreLess
PowerX is a leading Japanese Deep Tech energy company and a vertically integrated manufacturer of Battery Energy Storage Systems (BESS). Founded in 2021 and led by CEO Masahiro Ito, the company operates Power Base, one of Japan’s largest battery assembly plants in Okayama. PowerX’s mission is to decarbonize the global energy grid through three core pillars: large-scale stationary storage (Mega Power), an ultrafast EV charging network (Hypercharger), and the revolutionary Power Transfer Vessel project.
Through its subsidiary Ocean Power Grid, the company launched the world’s first "Battery Tanker" trials in 2026, establishing a maritime power grid to transport offshore wind energy. With strategic partnerships involving Mercedes-Benz, JAL, and Kyushu Electric Power, PowerX is a vital player in NIF Green Transition and Energy and NIF Security of Critical Technologies, ensuring Japan's energy resilience and self-sufficiency through domestic production and innovative distribution logistics.
Keywords: BESS, energy storage, battery manufacturing, EV charging, power transfer vessel, clean energy, grid solutions, industrial batteries, offshore wind, energy distribution
Company overview
PowerX company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2021
- Headquarters
- Tokyo, Japan
- Employees
- 129
- Open positions
- 11
- Dealroom signal
- 87.8
Valuation & funding
PowerX funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| IPOOther financing | Dec 2025 | $79M | — | Undisclosed | ↗ |
| SERIES COther financing | Sep 2024 | $19M | $162M | Spiral Capital · Chugin Capital Partners · TOHO GAS · TODA | ↗ |
| DEBTDebt | Feb 2024 | $73M | — | Shoko Chukin Bank · JA Mitsui Leasing · Chugoku Bank · Tokyo Bank Lease | ↗ |
| SERIES BOther financing | Aug 2023 | $21M | $162M | Yaskawa Electric · Mori Trust · Nippon Gas · JAPEX | ↗ |
| SERIES BOther financing | Jul 2023 | $15M | $162M | Japan Green Investment Corporation for Carbon Neutrality · Senko · Spiral Capital · Nippon Gas | ↗ |
| EARLY VCOther financing | Feb 2023 | My.Alpha Management · Food Techno Engineering · Chugoku Bank | ↗ | ||
| SERIES AOther financing | Aug 2022 | J-POWER · Mori Trust · Itochu Techno-Solutions · K4 Ventures | ↗ | ||
| SERIES AOther financing | May 2022 | Spiral Capital · Mitsui · NYK · MUFG Bank | ↗ | ||
| SEEDOther financing | Dec 2021 | Imazo | ↗ |
Financials
Revenue, earnings and profit over time
Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $149M | 0% | −$8.3M | -5.6% |
| 2025 | $149M | +213.4% | −$8.3M | -5.6% |
| 2024 | $47M | +1784.1% | −$40M | -83.3% |
| 2023 | $2.5M | — | −$42M | -1677.7% |
Growth signals
PowerX website traffic
Latest recorded traffic for PowerX is 52K monthly website visits, down 1.9% over the last three months. PowerX's team grew 7.5% over the past year.
Hiring
Open positions at PowerX
Current openings linked to this company in Dealroom.
Comparisons
PowerX compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Talent graph
PowerX's talent
Source: Dealroom Talent Intelligence.
Investors
33 investors on PowerX's cap table
Sourced from Dealroom's funding and investor records.
Global footprint
Where PowerX has talent and traffic
team presence
In the news
Latest news about PowerX
Recent press, funding announcements, and product moves mentioning PowerX — open to read from the original sources.
Market sentiment
What the market is saying about PowerX
An AI-synthesized read of the highest-engagement posts about PowerX on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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