Saean

Name

Saean

Legal name

Saean Group Inc.

Website

https://saeanmotors.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Electric Vehicles

NAICS

Battery Manufacturing (33591), Motor Vehicle Transmission and Power Train Parts Manufacturing (33635)

SIC

Truck & Bus Bodies (3713), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK)

akta.pro secondary industries

Battery Pack & Module Manufacturing (EV) (IMACACAA), EV Retrofit & Electrification Conversions (Fleet/Commercial) (TLAKAMAK), EV & Fleet Charging Equipment (AC/DC chargers, depot charging systems) (IMAGAHAF)

Keywords

• Electric vehicles
• Heavy machinery electrification
• Battery technology
• Urban air mobility
• Electric dump trucks

Headquarters

HQ city

Hanam

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Electric Heavy Machinery Sales: Sale of electric articulated dump trucks (ET-30) at USD $650,000 per unit and electric excavators. Target of 200 units annually generating over USD $130 million revenue.
2. Technology Licensing: Providing technology and design know-how to partners for joint EV development, such as the WID-U design licensing to EPMB in Malaysia
3. Electric Passenger Vehicles: Sale of consumer electric vehicles including EXOD sports cars, WiD SUVs, and subcompact EVs

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Saean is a South Korean electric vehicle manufacturer that designs, develops, and produces electric vehicles including high-performance roadsters (EXOD, EXOD-GT), compact electric passenger vehicles (WiD series including WiD-U SUV, WiD-N sedan), and the ET-30 30-ton articulated electric dump truck for construction and heavy industry applications. The company also offers proprietary battery technologies including a hybrid all-solid-state battery with over 250Wh/kg energy density and a Battery Environment Management Sensor (BEMS) for battery safety monitoring, along with emerging Urban Air Mobility jet propulsion systems.

Product overview

SAEAN Group Inc. is a South Korean electric vehicle manufacturer offering a diversified portfolio of EV products and technologies. The core product lineup includes the EXOD high-performance electric roadster series (EXOD and EXOD-GT luxury grand tourer), the WiD family of electric vehicles (WiD-U SUV, WiD-N sedan, WiD-3Door concept), the ET-30/ET30 30-ton articulated electric dump truck, and electric construction equipment including 3.5-ton and 3.0-ton excavators. Beyond vehicles, SAEAN offers the Battery Environment Management Sensor (BEMS) with nano-diamond technology for battery safety monitoring. The company is developing advanced urban air mobility solutions including the AirJet UAM vehicle and holds multiple jet propulsion patents. SAEAN's technology portfolio includes hybrid all-solid-state battery technology with over 250Wh/kg energy density.

Differentiator

Problem solved

Functional benefit

Brands

• EXOD: High-performance electric roadster sports car line, including EXOD and EXOD-GT grand tourer models.
• WiD
• ET-30
• AirJet
• BEMS

Products and services

• EXOD Electric Roadster High-performance electric roadster from SAEAN serving affluent performance vehicle enthusiasts. EXOD represents the company's flagship sports car offering with open-top driving experience.
• EXOD-GT Luxury Grand Tourer Luxury grand tourer variant of the EXOD electric vehicle line, offering premium long-distance touring capabilities for consumers seeking high-end EV experiences.
• ET-30 30-Ton Articulated Electric Dump Truck World's first 30-ton articulated electric dump truck featuring 200kW DC fast charging, 410kW motor delivering 557 horsepower, 2,500Nm torque, 100km range, 27-ton payload capacity, and 35-degree hill climbing ability. Designed for construction companies, mining operations, and tunnel excavation projects.
• WiD-U Electric Compact SUV Electric compact SUV offering agility, dynamism, and high performance for individual consumers. Features a more dynamic and sporty look.
• WiD-N Subcompact Electric Sedan Subcompact electric sedan project featuring modern design for everyday consumer use. Available in RWD and AWD configurations with 420km estimated range.
• 3.5-Ton Electric Excavator Electric construction equipment for heavy machinery electrification. Designed for construction companies seeking zero-emission alternatives to diesel excavators.
• 3.0-Ton Mini Excavator Electric Conversion Converted 3.0-ton class mini shovel excavator to electric power for construction companies and rental fleet operators. Maintains original diesel engine performance levels while eliminating emissions and noise.
• Battery Environment Management Sensor (BEMS) Hypersensitive sensor developed with nano-diamond technology for EV battery safety. Detects temperature, humidity, vibration, smoke, air quality, and chemical anomalies. Applications include battery power pack fire prevention, power plants, smart cities, military, and hospitality sectors.
• Hybrid All-Solid-State Battery Revolutionary battery technology combining lithium polymer batteries and supercapacitors. Offers resistance to extreme temperatures, shocks, and explosion risk. Uses cost-effective vanadium with energy density exceeding 250Wh/kg.

Quantifiable outcome

• ET-30 can operate up to 5 days on single charge (considering average 20km daily driving distance)
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• SIG Investment Holding InccoreStrategic or Co-development Partner · 20 October 2025Joint venture establishment in Saudi Arabia - 'Saean Arabia Inc.' Saean Group Inc holds 90% stake. All investments from SIG Investment Holding will be received through the Saudi JV and transferred to US headquarters. Reflects Saudi Arabia's investment policy requiring foreign investments to go through local JV structure.
• Evermore TechnologiescoreTechnology or Integration · 24 April 2025Strategic partnership MOU signed at Evermore's ARC Center (Advanced Research Center) opening in Naju, South Korea. Collaboration on joint development of high-output silicon-carbon anode-based batteries optimized for ET-30. Evermore's ARC Center can carry out all stages from raw material synthesis to full cell assembly and performance testing. Focus on pioneering technologies including silicon anodes, semi-solid electrolytes, and bio-based carbon materials.
• SolarnovacoreStrategic or Co-development Partner · 18 August 2024MOU signed to develop cutting-edge battery technologies including Nano-tech batteries and advanced active Battery Management Systems (BMS). Testing to take place at Solarnova's Al-Kharj Industrial City facility in Saudi Arabia. Collaboration combines Solarnova's infrastructure with SAEAN's technology to test and optimize battery performance under extreme weather conditions. Groundwork laid for potential joint venture.
• TD LeasecoreChannel Partner/ Reseller/ Distributor · 15 December 2022Contract signed to supply 30-ton articulated electric dump trucks to TD Lease, Japan's construction equipment rental and sales company. Investment of approximately KRW 3 billion from TD Lease. Initial delivery of 40 units within two years. TD Lease expanding lineup to include 25-ton electric dump trucks and electric excavators.
• EPMB GroupcoreStrategic or Co-development Partner · 22 October 2022MOA signed to mass-produce 20,000 electric vehicles annually in Malaysia using SAEAN's WID-U design. EPMB provides mass production, supply, and sales capabilities while SAEAN provides technology and design know-how. Target markets include USA, Canada, Korea, Japan, and Europe exports.

Scale indicators5 records

Recent moves8 records

Expansion highlights7 records

Emerging players

• Quantron: Quantron is a German EV company specializing in electrified and hydrogen commercial vehicles and buses. It is comparable to Saean as a smaller, multi-platform commercial EV player pursuing fleet electrification across Europe and Asia.
• Solid Power: Solid Power is a US-based developer of solid-state battery technology with major automotive partnerships. Comparable to Saean's hybrid solid-state battery program as a competing next-generation battery technology developer targeting automotive and heavy equipment applications.
• XCMG: XCMG is one of China's largest construction equipment manufacturers and has been aggressively launching electric and hybrid heavy equipment. Comparable to Saean as a fast-moving challenger in the electric heavy machinery segment, particularly in mining and infrastructure.
• Tevva Motors: Tevva Motors is a UK-based manufacturer of electric and hydrogen-electric medium- and heavy-duty trucks targeting fleet operators. It is comparable to Saean in product category (electric commercial trucks) and stage (pre-widespread commercialization, focus on fleet sales).
• Lilium: Lilium is a German UAM company developing electric vertical takeoff and landing aircraft using jet propulsion. Comparable to Saean as a UAM company with patented jet-thrust technology targeting 5-seat urban air mobility vehicles, sharing similar technology philosophy and regulatory path.

Broad incumbents

• Caterpillar: Caterpillar is the global leader in heavy construction and mining equipment and is publicly committed to a fully electrified heavy-equipment lineup. It competes with Saean in the same end markets (construction, mining, tunnel excavation) with vastly greater scale, dealer network, and balance sheet.
• Volvo Construction Equipment: Volvo CE is one of the world's largest construction equipment manufacturers and has launched a broad portfolio of electric compact machines and haulers. It is comparable to Saean as the most credible incumbent in electric heavy construction equipment and the likely benchmark customer for fleet decarbonization RFPs.
• Komatsu: Komatsu is a leading Japanese heavy equipment manufacturer actively electrifying its construction equipment range and has strong relationships with Japanese construction and mining customers. It is a natural benchmark competitor for Saean's ET-30 in Japan and other Asian markets.
• BYD: BYD is one of the world's largest EV and battery manufacturers and has launched electric trucks, buses, and construction equipment at scale. Comparable to Saean as an EV-heavy diversified player with strong battery technology and commercial vehicle product lines.

Direct peers

• Lion Electric: Lion Electric is a pure-play electric medium- and heavy-duty truck manufacturer serving commercial fleets in North America. Comparable to Saean as a specialist EV truck company with similar product philosophy (purpose-built electric platforms for fleet applications) and similar go-to-market challenges.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

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Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 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 Saean