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Redox One
Spin-off of South African mining company Tharisa, manufactures iron-chromium flow batteries
About Redox One
Redox One is a startup that operates in the renewable energy sector, specifically focusing on energy storage solutions. The company's primary product is the Redox Flow Battery, a safe, reliable, and cost-effective energy storage system. This technology is designed to store large amounts of energy, making it an ideal solution for intermittent renewable energy sources like wind and solar, allowing them to provide power 24/7.
Redox One's business model is centered around innovation and collaboration. The company partners with other technology firms to enhance its product offerings and to ensure its solutions are at the forefront of the industry. The company's leadership includes veterans of high-volume manufacturing and operations management, ensuring a focus on quality assurance, lean production, and seamless product integration.
The company's target market includes communities, industries, and nations looking to transition towards a more sustainable and resilient energy future. As the world moves away from thermal electric power generation towards renewable energy sources, the demand for efficient energy storage solutions like Redox One's is expected to increase significantly. By 2040, it is estimated that the world will require 400TWh of storage capacity per day to accommodate the 160,000TW of energy produced from renewable sources.
In terms of revenue, Redox One likely makes money by selling its Redox Flow Batteries and related services to its clients. The company's focus on innovation and collaboration also suggests potential revenue from partnerships and joint ventures.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2024
- Headquarters
- Paphos Municipality, Cyprus
- Employees
- 23
- Open positions
- None listed
- Dealroom signal
- 84.6/100
- Sub-industry
- Energy Storage
- Sector
- Energy, Battery, Sustainable Development Goals, Climate Tech, Stationary Energy Storage, Novel Energy, Alternative Battery Chemistry, Redox Flow, NIF defense security and resilience, NIF energy
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Feb 2024 | $20M | $80M | Tharisa | — |
| CORPORATE SPINOUT✓Other financing | Feb 2022 | $0 | — | Tharisa | ↗ |
Growth signals
Latest recorded traffic for Redox One is 1.8K monthly website visits, up 87.5% over the last three months. Redox One's team grew 15% over the past year.
Open positions
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
Tharisa
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Redox One on X, ranked by likes and reposts, corporate channels excluded.
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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