IRP Systems develops electric powertrains for a range of electric vehicles, claiming high performance and efficiency while reducing weight, size and overall cost. The company supplies multiple EV manufacturers, including Renault. IRP has raised a $31M Series C, bringing total funding to $57M. Management says the new capital will be used to scale development, shorten the path to mass production, and expand R&D, operations and customer support. The company also plans a push on global sales and marketing. CEO and co-founder Moran Price framed IRP as positioned at the center of automotive electrification and digitalization and said the firm will continue creating disruptive solutions. IRP Systems is a Tel Aviv, Israel–based provider of innovative electric powertrain products for e-mobility. The company specializes in high-performance electric powertrain systems for a variety of e-mobility platforms, enabling electric vehicles. It counts customers among top automotive and micro-mobility manufacturers in Asia Pacific, the EU and Israel. The company is led by CEO and Co‑Founder Moran Price and CTO and Co‑Founder Paul Price. IRP Systems is headquartered in Ness Ziona, Israel.

Total raised

$48M

Funding rounds

2

Latest round

Series C

Latest activity

Apr 2021