IONATE builds a full-stack hardware and software solution for smart electricity grids. Its Hybrid Intelligent Transformer (HIT) replaces legacy transformers and can detect, analyse, and resolve power disturbances. The Aurora software platform consolidates multiple power system functions into a single device, enabling network efficiency, increased renewables hosting capacity, and AI-enabled control. Founded in 2019, the company has scaled its solution for data centers and is collaborating with energy giant EDP in Portugal and Spain. IONATE has received industry recognition from NATO’s Defence Innovation Accelerator for the North Atlantic (DIANA) and is positioning to address a market projected to reach $21 trillion by 2050 as electricity demand rises. The company recently completed a $17M Series A to support continued commercialisation and deployment of its technology. IONATE develops a patented power flow control solution intended to address power quality issues arising from energy decarbonisation. Its technology is designed to boost the reliability and productivity of connected assets, including renewable generation and battery storage. The company plans to scale operations and deploy its solution to electricity distribution grids, renewables generation projects and energy storage assets using the new funding. IONATE has been supported by Edinburgh Innovations and benefited from collaboration with the University of Edinburgh’s School of Engineering during technology development. The startup says it transformed the initial idea into fully functioning technology in less than three years and aims to commercialise its offering to play a role in the journey to Net Zero. It was recognised by the UK Energy Innovation Centre with the 2022 Future Energy System Award for its impact on the energy systems transition.

Total raised

$21M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2025