What Bricks Capital Management does

Bricks Capital Management is a South Korea-headquartered private equity firm founded in 2022 by Paul Hoon-Koo Kang (former Goldman Sachs and IMM Private Equity) and Hansol Kim (former LG Energy Solution, Electrify America, and Apple with 14 years of battery and EV industry experience). The firm manages a single product, BCM Global Battery Fund I, an EV and energy storage system (ESS) battery-focused private equity fund whose strategic limited partners are leading Korean EV battery companies, including LG Energy Solutions. BCM invests in global growth-stage companies in the EV battery and mobility technology sectors, with stated criteria around safety, sustainability, and manufacturing innovation.

The firm operates a dual-base model with headquarters in Seoul (Gangnam-gu) and a Silicon Valley office in San Mateo, California, which it uses to bridge U.S.-Korea battery supply chain partnerships. Its disclosed portfolio includes Moxion Power (mobile energy storage, $100M Series B January 2023), Mitra Chem (iron-based cathode materials, $60M Series B August 2023), Sion Power (lithium-metal battery technology, joint $75M investment with LG Energy Solutions February 2024), and Deepsmartech (nano-coating technology). The investment team is four people across two offices, and the firm earns revenue through conventional private equity fund management economics (management fees and carried interest), with terms not publicly disclosed.

Name

Bricks Capital Management

Legal name

Bricks Capital Management

Website

https://brickscm.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Bricks Capital Management is a South Korea-based private equity firm founded in 2022 that manages BCM Global Battery Fund I, deploying capital from leading Korean EV battery companies into global EV battery and mobility technology companies, bridging U.S.-Korea supply chain partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Private Equity Fund Management: BCM generates returns through managing BCM Global Battery Fund I, an EV & ESS battery focused private equity fund. The fund is backed by leading Korean companies in the EV & ESS battery sector and deploys capital into global businesses with leadership in safety, sustainability, and manufacturing innovation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Bricks Capital Management manages BCM Global Battery Fund I, an EV and ESS battery-focused private equity fund backed by leading Korean companies in the EV and ESS battery sector. The firm deploys capital into global businesses in the EV battery and mobility technology sectors with leadership in safety, sustainability, and manufacturing innovation, providing growth capital and strategic LP network access to bridge U.S.-Korea battery supply chain partnerships.

Product overview

Bricks Capital Management is a private equity investment firm offering a single fund product: the BCM Global Battery Fund I. This fund focuses on investing in global EV battery and mobility technology sectors, with particular emphasis on advanced manufacturing and sustainability-driven industries. The firm bridges U.S.-Korea battery supply chain partnerships and creates value creation opportunities for portfolio companies. The fund has made investments in portfolio companies including Moxion Power (mobile energy storage), Mitra Chem (lithium-ion battery materials), Sion Power (lithium-metal battery technology), and Deepsmartech (nano-coating technology).

Differentiator

Problem solved

Functional benefit

Products and services

• BCM Global Battery Fund I EV and ESS battery-focused private equity fund backed by leading Korean companies in the EV and ESS battery sector. The fund invests in global businesses with leadership in safety, sustainability, and manufacturing innovation across the EV battery and mobility technology sectors, deploying growth capital alongside strategic and financial co-investors.

Quantifiable outcome

• BCM Global Battery Fund I has made multiple investments including Moxion Power ($100M Series B, Jan 2023), Mitra Chem ($60M Series B, Aug 2023), and Sion Power (joint investment with LG Energy Solutions, Jan/Feb 2024).

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Khosla Ventures: Venture capital firm with significant climate-tech and mobility investing, including battery and EV technologies. Comparable on sector overlap, with a much larger AUM and broader stage and sector mandate than BCM.
• Breakthrough Energy Ventures: Bill Gates-founded climate technology investment firm backing companies across decarbonization, including batteries, mobility, and storage. Comparable to BCM as a high-credibility climate/clean-tech investor, but larger, broader, and better capitalized than BCM.

Direct peers

• Linse Capital: California-based private investment firm focused on battery and energy storage technologies. Closely comparable to BCM given its dedicated sector focus on EV/ESS battery companies and growth-stage capital deployment.
• Chrysalix Venture Capital: Long-standing cleantech and industrial-tech venture firm with portfolio exposure to energy storage and battery technologies. Comparable to BCM as a sector-specialized investor, with deeper cleantech heritage and broader geographic reach.
• Energy Impact Partners: Global investment firm partnering with utility and industrial strategics to invest across climate, mobility, and energy technologies, including battery and storage. Comparable to BCM as a thematic PE platform with strategic LP backing investing in EV battery and clean energy sectors.
• Prelude Ventures: Early-stage venture firm focused on climate-tech and decarbonization, including mobility and battery supply chain. Comparable to BCM in sector focus and stage of growth investments, though more early-stage.
• DCVC: Deep tech venture capital firm investing in computationally-driven companies including advanced materials, energy storage, and batteries. Comparable to BCM as a deep-tech and hard-tech investor, though stage and check size differ.
• Volta Energy Technologies: U.S.-based investment firm focused on energy storage and battery technologies, deploying capital into early- and growth-stage companies developing next-generation batteries and storage systems. Directly comparable to BCM as a sector-specialized PE investor in the EV/ESS battery value chain.

Regional players

• Korea Investment Partners: One of South Korea's largest venture capital and growth equity firms, with active investments in EV battery materials, cells, and mobility. Comparable to BCM as a Korean-domestic PE/VC with sector overlap, though significantly larger and earlier-established.

Emerging players

• LG Technology Ventures: Corporate venture arm of LG Group investing in battery, mobility, and advanced technology. Comparable to BCM as a strategic Korea-linked investor in EV battery technologies; different in that it deploys corporate capital rather than third-party fund capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bricks Capital Management