Ioxus manufactures high-performance ultracapacitor technology across transportation, alternative energy, medical, industrial and consumer markets, offering cell styles from 100 Farads to 3,000 Farads in iCAP® cylindrical and THiNCAP® pouch form factors. Its products, including iMOD® modules and the iMOD X-Series™ family, are optimized for high power bursts, energy recapture, peak load shaving and other high-power applications due to higher power and energy density and low resistance. The company highlights applications in buses, passenger rail, automobiles and renewable wind power generation. Ioxus is headquartered in Oneonta, N.Y. and reports strong customer demand driving growth. Financially, the company completed a Series C financing receiving $21 million from investors. Ioxus plans to use the funds to expand customer service, sales and manufacturing in Asia, with a focus on China. Ioxus manufactures premium performance ultracapacitor technology used across transportation, alternative energy, medical, industrial and consumer markets. Its product family includes iCAP cylindrical and THiNCAP laminated pouch cells ranging from 100 Farads to 3,000 Farads and modular iMOD systems (for example 80V/12F, 16V/500F and 48V/165F), and it introduced a 1200F iCAP cell in 2013. The company says its ultracapacitors offer higher power and energy density with lower resistance, optimized for high-power bursts, energy recapture and peak load shaving. Ioxus reported 80% year-over-year growth in Japan (Jan–Jun 2013 vs Jan–Jun 2012) and plans to use new funding to further research and development, expand manufacturing capabilities, and increase sales and marketing operations. The company is headquartered in Oneonta, N.Y., and has recently launched modules targeting start/stop vehicle designs, renewable energy and heavy transport applications. Recent product introductions and reported regional growth position Ioxus for expanded global deployment of its ultracapacitor systems. Ioxus is a New York–based clean-tech company that designs and manufactures lithium-ion hybrid capacitors and ultracapacitors. Its devices are used alongside batteries to charge and power wind turbines, light rail and other public transportation, hybrid and electric vehicles, medical equipment, LED lighting, power tools and consumer electronics. The company has reported sales growth in Asia and has partnerships with wind-power distributors GTAE and Mouser Electronics; in the U.S. it is selling more ultracapacitors to consumer-electronics makers, especially LED lighting firms. Ioxus raised $21 million in a recent financing and says the proceeds will fund development and manufacture of next-generation ultracapacitor cells. CEO Mark McGough said the company is focused on higher power density, maintaining higher energy density, wider temperature range and higher device operating voltages, and expects a new generation of cells later this quarter. Observers cited in the article note potential applications including much faster charging for hybrid vehicles and improved life cycles for electric vehicles.

Total raised

$57M

Funding rounds

3

Latest round

Series C

Latest activity

Apr 2014