ION Energy Pvt Ltd
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ION Energy Pvt Ltd - overview
Established
2016
Location
Mumbai, Maharashtra, India
Primary Industry
Energy Storage & Batteries
About
Based in India, ION Energy Pvt Ltd specializes in advanced battery intelligence solutions for energy storage systems, providing critical insights and operational enhancements through innovative technology and data-driven approaches. Founded in 2016 in Mumbai, India, ION Energy Pvt Ltd focuses on optimizing the performance of battery systems. In May 2022, the company underwent a strategic pivot when Endurance Technologies Limited acquired its Battery Management System (BMS) business unit, a move aimed at expanding team capabilities and product offerings. The company is led by CEO Vishwas S, and co-founded by Akhil Aryan and Alexandre Collet, who have backgrounds in innovative technology solutions.
The total amount raised by ION Energy Pvt Ltd stands at USD 40. 00 mn, primarily from a TRADE SALE round in May 2022, with Endurance Technologies Limited as the investor. ION Energy Pvt Ltd offers advanced battery intelligence solutions primarily through its Battery Intelligence Platform. This platform, built on over 13 years of research, features more than 44 proprietary models that support critical capabilities such as predictive maintenance, battery sizing, and digital twin simulations.
These services enable clients, including utilities and industrial enterprises, to manage large-scale battery systems effectively, with deployments exceeding 600 MWh across international markets, particularly in North America, Europe, and emerging Asian markets. In 2023, ION Energy Pvt Ltd reported a revenue of USD 2,597,636. 20, alongside an EBITDA of USD -2,133,007. 20 for the same year.
The company generates revenue through a subscription-based model, offering services that include real-time monitoring and predictive maintenance tools, which enhance operational efficiency for clients managing extensive battery systems. ION Energy Pvt Ltd plans to leverage its recent funding from the TRADE SALE in May 2022 to enhance its product portfolio and accelerate its presence in the electric vehicle (EV) market, particularly focusing on India. The acquisition by Endurance Technologies Limited will enable the company to expand its team and innovate new battery management solutions. Furthermore, the company aims to develop new products tailored for energy storage solutions and expand its market outreach in both existing and emerging regions.
Current Investors
Astarc Ventures, Tessellate Ventures, YourNest Capital Advisors
Primary Industry
Energy Storage & Batteries
Sub Industries
Renewable Energy, Automobiles, Other Vehicles & Parts, Energy Storage & Batteries, Analytics & Performance Software
Website
www.ionenergy.co
Verticals
Artificial Intelligence, Clean Technology, Cloud Computing, Cloud Computing, Infrastructure
Total Amount Raised
Subscriber access only
ION Energy Pvt Ltd - timeline of key events
ION Energy Pvt Ltd - financials
| Fiscal Year Ended | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 4,317,688 | 34,805,665 | 65,813,969 | - | - | - |
| % Revenue Growth (YoY) | - | 706.1% | 89.1% | - | - | - |
| EBITDA (USD) | 592,293 | 5,679,730 | 758,778 | - | - | - |
| Operating Income (USD) | 550,046 | 2,211,422 | (2,011,141) | - | - | - |
| Operating Margin | 12.7% | 6.4% | (3.1%) | - | - | - |
| % EBITDA Margin | 13.7% | 16.3% | 1.2% | - | - | - |
| NET Income (USD) | 415,766 | 1,651,326 | (1,532,234) | - | - | - |
| % Net Margin | 9.6% | 4.7% | (2.3%) | - | - | - |
ION Energy Pvt Ltd - employee data
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