- ION has raised $3.6m in its pre-series funding round.
- The company plans to grow its team and expand its services in North America and Europe.
On Thursday, energy tech start-up ION Energy said it had raised $3.6 million from several investors, including Amazon’s Climate Pledge Fund. Other investors include Silicon Valley-based Climate Capital, early-stage investor YourNest Venture Capital, Riso Capital, Venture Catalysts, and other angel investors in the pre-series A funding round, as per an official statement.
“Globally, we believe 2021 will be the inflexion point for the new energy transition as both companies and governments come together towards reducing carbon emissions. At ION, we’re confident that advanced electronics and software that help enterprises accelerate this transition will become mission-critical to meet our goals of a zero-carbon future,” Akhil Aryan, co-founder and chief executive of the company, said.
ION, which builds electronics and software platforms for new energy enterprises, says that the funds raised will be utilised to expand the team, invest in product development and expand the software business in North America and Europe. ION currently works with over 75 customers in the mobility and energy industry across 15 countries, including India, France, Spain and the US.