Advanced Battery Management Platform ION Energy Raises $3.6 Million Funding
ION Energy, an advanced battery management platform, has raised $3.6 million in a pre-Series A funding round led by Amazon’s Climate Pledge Fund.
The funding round saw participation from Silicon Valley-based Climate Capital, Riso Capital, YourNest Venture Capital, Venture Catalysts and other angel investors.
As per the startup, it will use the capital to grow its team to over 125 from 70 at present. The startup will also use the funding for product development and expanding its software business in North America and Europe. Ever
Started by Akhil Aryan and Alexandre Collet in 2016, ION Energy is an advanced electronics & software supplier for electric vehicles & battery energy storage. The flagship offering of ION Energy is a smart battery management system (BMS) that leverages proprietary algorithms to improve battery life and performance.
As per the startup, its cutting-edge BMS capabilities bundled with proprietary software & cloud analytics platforms drastically improves battery performance & enables real-time fleet management.
Speaking on the development, Akhil Aryan, Co-founder of ION Energy, said,
“We will be launching products that are at this intersection—whether it is motor controllers, electric vehicle chargers or telematic systems.”
Akhil also talked about government support in the sector. He added,
“There is a large public wave that is coming together to support technologies that are helping fight climate change—whether it is regulatory innovation that is happening from the government or corporations making large allocations towards actually moving the needle.”
ION Energy is the first Indian company that Amazon has supported through its $2-billion Climate Pledge Fund launched in 2020. Through this fund, Amazon aims to support firms developing sustainable technologies.
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