ION Energy has announced that it has raised $3.6 million in Pre-Series A funding from Amazon’s Climate Pledge Fund, a $2 billion fund to support companies that develop sustainable technologies. The players who participated in the funding round included Climate Capital, YourNest Venture Capital, Riso Capital, Venture Catalyst, among angel investors. The funding is expected to increase team strength, invest in product development, and expand its software business in North America and Europe. The investment would also help ION Energy to serve its order pipeline worth over $15 million.
The company is confident that 2021 will be the inflection point for new energy transition as both companies and governments come together towards reducing carbon emissions. It is expected that advanced electronics and software that help enterprises accelerate in transition will become critical to meet our goals of a zero-carbon future.
ION has over 75 consumers in the mobility and energy industry across 15 countries, including India, France, Spain, and the United States. The company is headquartered in India, with operations in France and the United States. ION’s flagship offering is a smart battery management platform that leverages proprietary algorithms to improve battery life and performance. The firm develops smart battery management platforms that help proprietary algorithms to improve battery life and performance. So far, ION’s customers have deployed 60,000 smart battery management systems in electric vehicles and stationary storage systems.