London-based smart grid startup Ionate raised $17m in Series A funding led by AlbionVC to extend operations in Europe and enter the US market.
London-based smart grid startup Ionate raised $17m in Series A funding led by AlbionVC to extend operations in Europe and enter the US market.
02/05/25, 5:26 AM
Location
Money raised
$17 million
Industry
other
Round Type
series a
Investors
Antares Ventures, Inno Energy Climate Fund, Jgc Mirai Innovation Fund, In Q Tel, Albion Vc
Ionate has successfully raised $17 million in Series A funding, which will be used to expand its operations in Europe and enter the US market. The funding round was led by AlbionVC and included new investors such as In-Q-Tel and JGC MIRAI Innovation Fund. Despite a downturn in the overall smart grid sector, startups like Ionate are finding support in this funding round.
Company Info
Location
1719 20th avenue
london, england, united kingdom
Additional Info
IONATE is a deep-tech innovator building the technology backbone for smart electricity grids.
Its Hybrid Intelligent Transformers equip key electricity players with the data and power flow control they need in an ever-evolving system. This all-in-one device brings comprehensive sensing & monitoring, dynamic voltage-, reactive power - and harmonics control capabilities.
But a network of them, coordinated by our digital platform, can transform power systems together with the energy transition.