Founded in 2016 and headquartered in India with operations in France and the U.S., ION Energy develops advanced electronics and software platforms for new‑energy companies. Its flagship product is a smart battery management system (BMS) sold as a product or licensed to OEMs and battery pack makers. In 2019 the company launched Altergo, a digital‑twin battery intelligence platform that now manages 700+ MWh of battery storage and is being deployed by customers such as esVolta (581 MWh). ION works with more than 75 customers across 15 countries and has deployed over 60,000 smart BMS units. The company recently raised $3.6M in a Pre‑Series A and has a $15M+ order pipeline. Planned uses of capital include expanding the team from ~70 to 125+, investing in product development, and growing its SaaS/software business in North America and Europe.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2021