Feasible Inc. wins top prize at the pitch competition for LG Chem’s Battery Challenge, an Open Innovation program that attracted applications from 129 teams with new battery technologies.

The competition was held early April in South Korea, the home of LG Chem. Feasible was invited, along with several other notable startups innovating on energy technology. Each team presented their tech proposals and in-depth business plans and through holistic evaluations. LG Chem selected 5 outstanding finalists based on their technology’s innovativeness, potential impact on the industry, and their readiness for commercialization. 

“Because of the exponential development of the battery sector, continuing to seek out new technology initiatives is crucial to our success,” said Myung Hwan Kim, president of LG Chem. “We will keep expanding our efforts to strengthen the competitiveness of our battery technology through activities inspired by the company’s open innovation policy.”

Read the press release from LG Chem for more details.