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Ion Energy Raises $3.6 Million With The Participation Of Amazon’S Climate Pledge Fund

Jul 01, 2021•about 4 years ago

Amount Raised

$3.6 Million

Round Type

seed

Mumbai

Description

ION Energy, an energy-tech startup building advanced electronics and software platforms for new energy enterprises, today announced it has raised $3.6 million in Pre-Series A funding. The round was raised from Amazon’s Climate Pledge Fund and joined by Silicon Valley-based Climate Capital, early-stage investor YourNest Venture Capital, Riso Capital, Venture Catalysts, and other angel investors. The funds will be used to grow the ION team to 125+ (currently 70), invest in product development, and expand the software business in North America and Europe.

Company Information

Company

Ion Energy

Location

Mumbai, Maharashtra, India

About

Founded in 2016, ION Energy’s mission is to Accelerate the Earth's transition to an All-Electric Future. The company builds advanced electronics & software platforms for new energy companies. The company’s flagship product is their Battery Management System (BMS), which enables OEMs/Battery Pack Makers to deploy smart battery systems. ION supplies to 75+ OEMs across 15 countries including India, France, Spain and the US. Since its inception, it has deployed over 60,000 smart BMS in electric vehicles and stationary storage systems. In 2019, ION launched Altergo (previously called Edison Analytics), a digital twin platform for battery intelligence. Altergo now manages 700+ MWh of battery storage in the cloud. For more information, visit www.ionenergy.co. Media Kit