Ionech is a clean-energy technology company founded by Nathan Owen and Thomas Kirk that has invented the Air Voltaic Cell, a solid-state device that converts the thermal energy naturally present in ambient air into usable electrical power. The system is positioned as a low-carbon alternative for high-demand applications such as commercial refrigeration, air-conditioning, and ventilation units. By generating electricity directly at the point of use, the technology aims to lessen dependence on the power grid and cut operating emissions. With fresh capital, the company plans to transition from laboratory prototypes to field pilots, including a forthcoming trial with Coca-Cola Europacific Partners. The seed funding, coupled with an Innovate UK grant, will finance product engineering, manufacturing scale-up, and initial deployments. No revenue or user metrics have been disclosed to date, but the firm is targeting partners across the real-economy cooling sector. Longer-term ambitions include broad commercial rollout and integration into diverse industrial and commercial energy systems.

Total raised

$4M

Funding rounds

2

Latest round

Seed

Latest activity

Jan 2026