Enertech, a hybrid transformer company, triples its valuation in one year

▤ Summary

Enertech, a Korean maker of hybrid transformers, is close to raising an additional 3 billion won. The company’s implied pre-money valuation has risen to about 60 billion won, roughly three times its valuation in the earlier Series A round. It plans to use the new capital to strengthen research and development. The company says its harmonic-reduction transformer technology is gaining traction as AI data centers expand and aging power infrastructure needs replacement. Enertech also plans to accelerate overseas expansion and aims to file for preliminary listing review in 2029.

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