NCPower

What NCPower does

NCPower (legal entity NICARELEC S.L.U.) is a Spanish designer and manufacturer of custom-engineered lithium battery packs for industrial electromobility, headquartered in Beniaján, Murcia, with operations dating from 2012. The company targets four primary verticals: Material Handling (forklifts, stackers, warehouse equipment via the 21-model MH Series spanning 25.6V to 89.6V), Mobile Robotics (AGVs and AMRs with exclusive features including Last Mile emergency energy, rescue connector, and BMS-PLC CAN integration), Ground Support Equipment (airport machinery), and Light Vehicles (last-mile delivery vans/trucks with UN R100.04 certification). NCPower reports validated integrations with 13+ major OEM brands including Linde, Toyota, Jungheinrich, Crown, Hyster, Yale, STILL, and BYD Forklift, and operates across 17+ countries from a 4,000 m² own manufacturing facility in Spain.

The company's core technology is the NCPower System, a proprietary battery management ecosystem combining in-house BMS hardware, patented control algorithms, and modular architecture with LiFePO4 cells sourced from Tier 1 manufacturers CATL and EVE Energy. Key technical differentiators include a thermally-isolated dynamic cell balancing system that operates during charge, discharge, and rest (claimed to be 10x faster than passive systems), integrated per-cell thermal management, and a Cloud Data Center providing 24/7 telemetry, predictive maintenance, and sub-24-hour remote diagnostics. The technology is protected by multiple patents covering the NCPOWER System, the BMS, and the dynamic balancing architecture, and the firm holds a comprehensive certification stack (UN R100.04, CE, UNE-EN IEC 62619, ISO 9001, ISO 14001, ISO 16750, EMC EN 61000).

NCPower operates a sales-led, direct enterprise GTM motion with no disclosed resellers or distributors. Revenue streams include hardware sales of custom battery packs, technical support and remote diagnostics services, training delivered through the Center of Excellence (CoE) in collaboration with Academia Industrial (Orbel Grupo), and lab testing services. Pricing is quote-based and not publicly disclosed, determined by project specifications, with semi-standard solutions delivered in 4-6 weeks. The firm is privately held as a Spanish S.L.U. with no disclosed institutional investors or funding rounds, and claims more than a decade of electromobility experience supported by cumulative production of 18 MWh.

Name

NCPower

Legal name

NICARELEC S.L.U.

Website

https://ncpower.es

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

NCPower is a Spanish custom lithium battery pack manufacturer serving industrial electromobility markets including Material Handling, Mobile Robotics, GSE, and Light Vehicles, using its proprietary BMS platform and serving 17+ countries from a 4,000 m² Spain facility.

Ownership category

akta.pro rank

Product category

Industrial Lithium Battery Manufacturing

NAICS

Battery Manufacturing (33591), Battery Manufacturing (335910), Electrical Equipment Manufacturing (3353)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro industry

PRIMARYIMAGAHAB

Battery Modules & Packs (Industrial/Commercial pack assembly)

Industrials, Manufacturing & Construction/Electrical Equipment & Industrial Electronics/Batteries, Energy Storage & Charging Equipment (Industrial ESS, chargers)

SECONDARYEUAFABAI

Battery Pack Manufacturing & Module Assembly

Energy, Utilities & Environment/Energy Storage & Grid Flexibility (Batteries, Hydrogen Storage, Demand Response)/Battery Materials, Cells & Packs Manufacturing

SECONDARYIMAGAHAC

Battery Management Systems (BMS) & Battery Electronics

Industrials, Manufacturing & Construction/Electrical Equipment & Industrial Electronics/Batteries, Energy Storage & Charging Equipment (Industrial ESS, chargers)

SECONDARYEUAFABAJ

Battery Management Systems (BMS) & Pack Electronics Manufacturing

Energy, Utilities & Environment/Energy Storage & Grid Flexibility (Batteries, Hydrogen Storage, Demand Response)/Battery Materials, Cells & Packs Manufacturing

SECONDARYIMACACAH

Battery Management System (BMS) & HV Control Electronics Manufacturing

Industrials, Manufacturing & Construction/Automotive & Mobility Manufacturing/Electric Vehicle (EV) Manufacturing

Keywords

• Lithium battery manufacturing
• Industrial battery packs
• Battery management systems
• Electric forklift batteries
• Electromobility energy storage

Headquarters

HQ city

Murcia

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Lithium Battery Sales: Sale of custom-engineered lithium battery packs for industrial applications including material handling, mobile robotics, light vehicles, and GSE. Batteries are designed to specification for specific machines and duty cycles.
2. Technical Support Services: Direct technical support without intermediaries including remote diagnostics, cloud monitoring services, and on-site assistance for integration and maintenance.
3. Training Services (CoE): Technical training courses on lithium batteries and powertrain integration delivered through the Center of Excellence in collaboration with Academia Industrial (Orbel Grupo).
4. Lab Testing Services: Battery testing and integration lab services including full powertrain testing, integration testing, lifetime testing, and technical support to validate hypotheses and resolve incidents.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

NCPower designs, manufactures, and supplies custom-engineered lithium (LiFePO4) battery packs for industrial electromobility applications including material handling equipment (forklifts, stackers, reach trucks, pallet trucks), mobile robotics (AGVs and AMRs), light commercial electric vehicles, and airport ground support equipment (GSE). Each battery is built to customer-specific mechanical, electrical, and duty-cycle specifications around a proprietary in-house Battery Management System (BMS), and is supported by a Cloud Data Center for real-time fleet monitoring, remote diagnostics, and preventive maintenance.

Product overview

NCPower is a Spanish lithium battery manufacturer offering complete battery solutions across four application segments: Material Handling (MH Series), Mobile Robotics, Light Vehicles, and GSE (Ground Support Equipment). The company's proprietary NCPower System serves as the core technology platform combining in-house BMS hardware, advanced balancing algorithms, and modular architecture. The MH Series encompasses 21 battery models (25.6V-89.6V, 150Ah-920Ah) for forklifts and warehouse equipment. Mobile Robotics products feature exclusive capabilities including Last Mile, rescue connector, and BMS-PLC integration. The Center of Excellence provides training, lab testing, and community programs. All batteries use LiFePO4 chemistry with Grade A cells from Tier 3 global manufacturers and are manufactured in their 4,000 m2 Spain facility.

Differentiator

Problem solved

Functional benefit

Products and services

• MH Series Lithium Batteries Lithium battery series (21 models, 25.6V–89.6V, 150Ah–920Ah) for forklifts, stackers, reach trucks, counterbalance trucks, electric pallet trucks, and picking equipment in industrial warehouses and logistics centers. Built on the NCPower System with in-house BMS, charge/discharge balancing, and thermal isolation, offering up to 40% less charging time and 98%+ operational availability.
• Mobile Robotics Batteries Smart battery solutions for AGVs (Automated Guided Vehicles), AMRs (Autonomous Mobile Robots), stackers, reach stackers, tow tractors, mouse platforms, and shuttle/intralogistics platforms. Features exclusive capabilities including Last Mile emergency energy for autonomous robot recovery, Rescue Connector for in-situ charging, Advanced Precharge, and BMS-PLC CAN integration for fleet control.
• Light Vehicle Batteries Lithium battery systems for electric light commercial vehicles including vans and trucks used in last-mile delivery, with UN R100.04 certification for road vehicle homologation and EU Battery Regulation 2023/1542 compliance readiness.
• GSE (Ground Support Equipment) Batteries Lithium battery systems for airport ground support equipment including tow tractors, boarding stairs, PMR (passenger with reduced mobility) platforms, shuttle buses, GPU (ground power units), and belt loaders, designed for high availability and safety on airside operations.
• Center of Excellence (CoE) Training, lab testing, and community ecosystem for battery excellence, providing technical training on lithium batteries and powertrain integration, battery testing and integration labs, and events for knowledge sharing. Delivered in collaboration with Academia Industrial (Orbel Grupo).

Quantifiable outcome

• 40% reduction in charging time through discharge balancing
• +10 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature10 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Academia Industrial (Orbel Grupo)coreStrategic or Co-development PartnerCollaboration for technical training on lithium batteries and powertrain integration. Academia Industrial, part of Orbel Grupo, helps transfer practical criteria and reduce uncertainty before integration, testing, and operation. This partnership enables NCPower's Center of Excellence (CoE) training programs for industry professionals.
• EVE EnergycoreTechnology or IntegrationOne of the world's leading lithium battery cell manufacturers supplying cells for NCPower batteries. EVE is recognized for producing high-quality and safe batteries, forming a key component of NCPower's supply chain for top-tier cell sourcing.
• CATL (Contemporary Amperex Technology)coreTechnology or IntegrationLeading global lithium battery cell manufacturer supplying cells for NCPower batteries. CATL has a long history of producing high-quality and safe batteries, selected as part of NCPower's top-tier supplier strategy.
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Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• OneCharge: US-based designer and manufacturer of lithium-ion battery packs primarily for forklifts and material handling equipment. Comparable in product focus (custom industrial LiFePO4 packs for electric forklifts) and customer base (industrial fleet operators, OEM integrators).
• Flux Power: US-listed lithium battery pack specialist for forklifts, airport GSE, and industrial equipment. Closely comparable in target verticals (material handling, GSE), customer profile (industrial fleet operators), and go-to-market (direct B2B sales of lithium replacements for lead-acid).
• Electrovaya: Canadian manufacturer of lithium-ion battery systems for material handling, e-forklifts, and industrial/AGV applications. Highly comparable in technology approach (in-house BMS, LFP cells, focus on industrial fleet electrification) and target customers.
• Voltabox: German specialist in lithium-ion battery systems for industrial applications including forklifts, AGVs, and commercial EVs. Comparable in vertical focus (industrial electromobility), European customer base, and emphasis on customized pack design.
• Green Cubes Technology: US-headquartered industrial lithium battery pack manufacturer serving material handling, AGV/AMR, and mobile robotics. Comparable across product (custom Li-ion packs with proprietary BMS), verticals (forklifts, AGVs), and software offering (cloud battery management).

Broad incumbents

• Saft (TotalEnergies): French industrial battery manufacturer owned by TotalEnergies, with strong positions in industrial Li-ion systems. Comparable as a European industrial lithium battery competitor serving mobility and stationary storage, with much larger scale and broader portfolio.
• Microvast: US-listed vertically integrated manufacturer of lithium-ion battery cells, modules, and packs for commercial and specialty vehicles including material handling. Comparable in commercial vehicle and industrial focus, with significantly larger scale and broader chemistry portfolio.
• EnerSys: Global industrial battery leader (NYSE: ENS) historically dominant in lead-acid forklift batteries, now expanding into lithium. Comparable as a direct competitor in the same forklift and GSE customer wallet, but with far broader scale, broader product portfolio, and incumbent dealer relationships.
• Hoppecke: German family-owned industrial battery manufacturer (lead-acid heritage) transitioning to lithium for forklifts, AGVs, and intralogistics. Comparable in European industrial customer base and forklift/intralogistics focus, but with longer incumbency and broader product portfolio.

Others

• CATL (Contemporary Amperex Technology): World's largest lithium-ion cell manufacturer and a key cell supplier to NCPower. Listed here as an ecosystem/strategic counterparty rather than a direct peer — they can either supply or displace pack assemblers and are the most consequential competitive force in any industrial lithium stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ncpowerbattery
• LinkedInlinkedin.com/company/ncpower

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about NCPower