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Name of company : ION Energy
Set up in : 2016
Based in : Mumbai
Founders : Akhil Aryan and
Alexandre Collet
Funding received : Undisclosed angel funding received from Sushil Jiwarajka, chairman of OMC Power; Aakrit Vaish and Swapan Rajdev, co-founders of Haptik, and executives from Dentsu Aegis, Salesforce and Credit Suisse, among others
What it does : As an advanced battery management and intelligence platform, it focuses on building technologies that improve the life and performance of lithium-ion batteries that power electric vehicles, energy storage systems.
How it does it : It helps battery makers and OEMs optimise their battery management systems (BMS) and build world-class batteries. It empowers organisations in South-East Asia, North America and Europe (Germany, France, UK, Poland, Austria, Sweden) with flexibility, independence and autonomy to buy ready-to-deploy BMS platforms or build custom zero-downtime BMS models.
Big moments : In February 2018, the company acquired French battery management company Freemens SAS. Post the acquisition, the entire Freemens engineering and sales team joined the core team of the start-up. With this, Freemens SAS founder and CEO Alexandre Collet joined up as co-founder and VP of Engineering to strengthen the founding team.
In September 2019, it launched Edison Analytics — a battery intelligence platform designed to leverage data, machine learning and AI to extend life and improve performance of Li-Ion batteries. A full-stack advanced battery management and intelligence SaaS platform solution, Edison uses battery data, blends advanced electronics and adds a layer of intelligence with data science plus machine learning plus digital twin technology to exceptionally improve the life of lithium-ion batteries.
Impact : In October 2019, it accelerated the launch of French battery pack manufacturer IBS as one of its first partners. ION’s BMS licensing model was the key enabler. IBS has over 30-50 megawatt of batteries per year in scheduled deployment over next three years.
The start-up’s platform helped design, power and deploy an all-electric excavator to operate in extremely cold temperatures; It helped a European carmaker electrify its iconic model.
Vision : To accelerate the Earth’s transition to an all-electric planet.
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