What MBAK Energy Solutions does

MBAK Energy Solutions, Inc. (OTC:MBAK) is a Wilmington, North Carolina-headquartered battery and energy storage company originally founded as Alternet Systems Inc. on June 26, 2000 and rebranded under controlling owner MIA Global in 2025. The company develops, manufactures, and commercializes batteries across lithium, sodium, and solid-state chemistries for industrial, medical, portable electronics, and EV applications, with engineering concentrations in Shenzhen (China, via affiliated JIUDING purification equipment) and Seoul (South Korea).

Its revenue is generated through four hardware channels: (1) grid-scale Battery Energy Storage Systems (BESS), anchored by a 350 MWh Indian power grid contract and a 50 MWh Zambia project with planned 100 MWh expansion; (2) data center and EV-focused NMC battery cells via a recurring monthly contract exceeding $120,000; (3) electric two-wheelers, notably the Dominion line of e-motorcycles distributed through Carbon-Zero Mobility in Kenya with 2026 volume guidance of 10,000 units; and (4) battery manufacturing and supply chain equipment (dehumidification, purification, NMP recycling) sourced through affiliate JIUDING. Customer segments are power grid operators, data center operators, e-mobility distributors, and battery manufacturers, reached through direct enterprise sales, regional channel partners, and direct e-commerce deliveries across North America, Europe, India, and Africa.

MBAK reported Q3 2025 revenue of $2.1 million (up $1.9 million year-over-year) under new management and is guiding to $65 million in firm 2026 production orders. The company is publicly traded on OTC markets, with MIA Global as controlling parent, and continues to expand through leadership additions, university research partnerships (University of Michigan Perot-Jain TechLab), and emerging clean-energy adjacencies including CO2 recycling and hydrogen production facilities.

Name

MBAK Energy Solutions

Legal name

MBAK Energy Solutions, Inc.

Website

https://mbakcorp.com

Company type

Public

Founded year

2000

Operating status

Operating

Short description

MBAK Energy Solutions, a public OTC-listed company controlled by MIA Global, designs and manufactures lithium, sodium, and solid-state batteries, grid-scale BESS, NMC cells for data centers, and Dominion e-motorcycles for African markets via local distributors.

Ownership category

akta.pro rank

Product category

Battery Energy Storage and Manufacturing

NAICS

Battery Manufacturing (33591), Battery Manufacturing (335910), Motor and Generator Manufacturing (335312)

SIC

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

akta.pro primary industry

BESS OEMs (Containerized Systems, Racks, Turnkey Solutions) (EUAFAAAC)

akta.pro secondary industries

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Automotive Batteries & 12V/Low-Voltage Energy Storage Manufacturing (IMACAJAJ), Battery Packs & Energy Storage for Micromobility Manufacturing (IMACAOAE), Energy Storage Systems (BESS, Flywheels, Batteries) (HDABAKAC)

Keywords

• Battery energy storage systems
• Lithium battery manufacturing
• Electric mobility vehicles
• Battery manufacturing equipment
• Renewable energy storage

Headquarters

HQ city

Shenzhen

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Battery Energy Storage Systems (BESS): Manufacturing and delivery of BESS units to power grids and large-scale energy projects. Contract with Indian power grid for 100 MWh (expanded to 350 MWh) and BESS deliveries to Africa exceeding 150 MWh total capacity. African projects alone expected to exceed $40 million in revenues.
2. Electric Two-Wheelers: E-bicycles and e-motorcycles including Dominion line sold through distributors in Africa. Monthly deliveries include e-bicycles to Europe and e-taxi bikes to Kenya. Forecast of 10,000 e-taxi bikes for 2026.
3. Battery Cells for Data Centers: Manufacturing of battery cells for the growing data center market, including NMC (Nickel Manganese Cobalt) cells with monthly shipment contract generating over $120,000 monthly revenue.
4. Battery Manufacturing Equipment: Sale of battery manufacturing and supply chain equipment including dehumidifiers, purification systems, and automation equipment manufactured by affiliated company Jiuding.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels3 records

Core offering

MBAK Energy Solutions develops, manufactures, and commercializes non-fossil fuel energy products, including lithium, sodium, and solid-state batteries for industrial, medical, portable electronics, and EV applications. The company delivers grid-scale Battery Energy Storage Systems (BESS) for renewable energy integration and line balancing, NMC battery cells for data center backup power, the Dominion line of e-motorcycles for African e-taxi markets, and battery manufacturing equipment (dehumidification, purification) through its affiliated company Shenzhen Jiuding.

Product overview

MBAK Energy Solutions is a multi-faceted energy company engaged in the development, manufacturing, and commercialization of non-fossil fuel energy products. The core product portfolio centers on advanced battery technologies including lithium, sodium, and solid-state batteries for industrial, medical, portable electronics, and electric vehicle applications. The company operates Battery Energy Storage Systems (BESS) for grid-scale energy storage supporting renewable energy integration. For electric mobility, MBAK offers the Dominion line of e-motorcycles through its Kenyan partnership with Carbon-Zero Mobility, marketed as e-taxis throughout Africa. Consumer products include power banks and off-grid generators, while manufacturing equipment encompasses dehumidification and purification systems produced by affiliated company JIUDING for battery production facilities. The company is also developing CO2 recycling technology and hydrogen production capabilities as emerging clean energy segments.

Differentiator

Problem solved

Functional benefit

Brands

• Dominion: Electric motorcycle and motorbike brand for African market, distributed through partnership with Dominion EV and Carbon-Zero Mobility
• MIA Global

Products and services

• Lithium Batteries Lithium-ion batteries for industrial, medical, portable electronics, and EV applications.
• Sodium Batteries Sodium-based batteries for various electronic applications including industrial and portable uses.
• Solid-State Batteries Advanced solid-state battery technology for electric vehicle and portable electronic applications.
• Battery Energy Storage Systems (BESS) Large-scale Battery Energy Storage Systems providing storage and line balancing to the grid for consistent power delivery from renewable energy sources.
• NMC (Nickel Manganese Cobalt) Battery Cells High energy density NMC battery cells with long life cycles, supplied for EV and data center backup power applications under a recurring monthly contract.
• Dominion Line E-Motorcycles Electric motorcycles and motorbikes marketed as e-taxis throughout Kenya and across African markets, featuring proprietary charging mechanisms and ruggedized charging kits designed for African infrastructure.
• E-Bicycles Electric bicycles sold via direct shipments to European (French) end customers as well as Indian and African markets.
• Power Banks Portable power banks for consumer electronics.
• Off-Grid Generators Portable off-grid power generation solutions for off-grid and backup use.
• Residential Energy Storage Energy storage systems designed for residential applications, supporting home backup, energy independence, and energy cost management.
• Commercial Energy Storage Energy storage systems designed for commercial and industrial applications, supporting backup power, load shifting, and energy cost management.
• Dehumidification Equipment Air treatment equipment for battery manufacturing including rotary dehumidifiers, refrigerated dehumidifiers, and specialized units for low dew point applications.
• Purification Equipment Purification systems for battery production environments, supporting controlled atmospheric conditions during cell manufacturing.
• Rotary NMP Recycling System Equipment for recovering NMP organic solvents emitted by coaters, achieving environmental protection standards while recovering resources in battery production lines.
• Battery Manufacturing and Supply Chain Equipment Comprehensive dehumidification, purification, and energy-saving equipment manufactured by affiliated Shenzhen Jiuding for battery production facilities.

Quantifiable outcome

• Q3 2025 revenue of $2.1 million, representing $1.9 million increase from previous year
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core.

• LETSATSI PowercoreStrategic or Co-development Partner · 25 March 2026Partnership with LETSATSI Power South Africa to install and operate 50 MWh of BESS in Zambia's Copperbelt province in 2026. LETSATSI plans to expand by installing an additional 100 MWh of capacity in 2027 after completing the initial project. This represents a significant expansion into the African energy storage market.
• Hanbin Youn (Chief Product Designer)coreOthers · 25 January 2026Appointed as Chief Product Designer bringing over a decade of electric vehicle and automotive design expertise with Honda, VW/Audi Group, Faraday Future, Karma Automotive, Geely Automotive, and most recently GAC's Hyptec brand. Led design of FFZERO1 and FF91 at Faraday Future.
• Tony W. Tsai (Chief Strategist)coreOthers · 19 January 2026Appointed as Chief Strategist and Business Development Officer bringing wealth of talent and experience in market development, compliance, and sector expertise to capitalize on 2025 successes and grow into sustainable energy management and electric mobility sectors.
• Al Vaks (Business Development Manager)coreOthers · 19 January 2026Appointed as Business Development Manager for Middle East and North Africa (MENA) region bringing experience in market development and sector expertise to expand company presence in the region.
• Dr. Konda Shiva (Board Nominee)coreOthers · 14 January 2026Nominated to board of directors with background in electrical energy storage and distribution innovation. Post-doctoral work at University of Texas with Nobel Laureate Prof. John Goodenough and battery development work with Nissan's Battery Research Center in Chennai, India. Holder of 8 patents.
• University of Michigan Perot-Jain TechLabcoreStrategic or Co-development Partner · 23 December 2025Collaboration with University of Michigan Perot-Jain TechLab and Center for Entrepreneurship to improve and ruggedize charging mechanisms for MBAK's Dominion line of e-motorcycles. Project analyzes current charging block, prototypes improvements, and optimizes kit for ease-of-use, broad compatibility, and energy recording.
• Carbon-Zero Mobility (CZM)coreChannel Partner/ Reseller/ Distributor · 23 December 2025Kenyan distributor partner bringing Dominion e-motorcycles to market in Kenya. Successfully launched e-taxi bikes in Nairobi and is expanding distribution across East and West Africa. Potential customers have requested 700 bikes for West Africa with forecasts raised to 10,000 units for 2026.
• Shenzhen Jiuding Purification Equipment Co., LtdcoreStrategic or Co-development PartnerAffiliated company manufacturing battery manufacturing and supply chain equipment including dehumidification, purification, and energy-saving equipment for battery production. Provides environmental control and intelligent production system solutions.
• MIA GLOBALcoreChannel Partner/ Reseller/ DistributorMIA Global is a green energy company and affiliate that conceptualizes, designs, manufactures and commercializes e-mobility products. Has sold over 5,600 electric vehicles since 2010 and handles commercialization of MBAK battery products for enquiries and sales.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Sungrow Power Supply: Leading Chinese manufacturer of solar inverters and energy storage systems, including turnkey BESS for utility-scale and C&I markets. Comparable as a scaled China-headquartered BESS OEM competing for utility contracts in India, Africa, and Europe.
• Fluence Energy: U.S.-listed pure-play BESS turnkey solutions provider (containerized systems, EMS, controls) serving utility-scale and C&I customers globally. Closest direct competitor to MBAK's grid-scale BESS business supplying the Indian and African utilities.
• EVE Energy: Chinese manufacturer of lithium-ion cells for EVs and BESS plus energy storage system integration. Comparable given MBAK's NMC cell shipments and Indian BESS contract with similar product/application overlap.
• BAK Battery (Shenzhen BAK Power Battery): Shenzhen-based lithium-ion battery manufacturer producing cells, packs, and BESS modules for EVs and energy storage. Highly comparable given MBAK's Shenzhen operations and overlapping lithium battery portfolio for industrial and EV applications.
• EnerSys: U.S.-listed industrial battery manufacturer (lead-acid and lithium) supplying motive power, reserve power, and BESS for industrial and commercial customers. Comparable as an established Western-listed battery company with a similar multi-vertical industrial customer base.

Broad incumbents

• BYD Company: Vertically integrated Chinese manufacturer of lithium batteries, BESS, and electric vehicles including two-wheelers. Comparable given MBAK's similar battery-plus-EV product structure and Shenzhen-adjacent manufacturing base.
• CATL (Contemporary Amperex Technology): Largest global battery manufacturer across lithium chemistries, BESS, and EV cells, with deep Chinese government and OEM backing. Sets the competitive benchmark MBAK must scale against in both cell and BESS segments.
• Tesla Energy (Megapack): Tesla's energy storage business sells Megapack containerized BESS to utilities and IPPs and is also a major BESS-plus-auto battery manufacturer. Comparable as a scaled incumbent in utility-scale storage that MBAK must compete against in RFPs.

Regional players

• Amara Raja Batteries: Large Indian battery manufacturer across industrial, automotive, and energy storage chemistries with Indian utility and OEM relationships. Most relevant given MBAK's significant Indian Power Grid and NMC cell exposure with similar customer base.

Emerging players

• Hithium Energy Storage: Chinese BESS-focused manufacturer producing LFP cells, modules, and containerized storage systems for utility and C&I customers globally. Comparable as a specialty BESS OEM at similar growth-stage scale to MBAK's BESS business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

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 MBAK Energy Solutions