Ioxus, Inc.

Ioxus, Inc. is a manufacturer specializing in ultracapacitor cells and modules, providing essential energy storage solutions for transportation, industrial applications, and grid systems. Founded in 2007 in Oneonta, US, Ioxus, Inc. focuses on energy storage and ultracapacitors, completing a total of 6 deals.

The company last raised USD 2. 000 mn in a VENTURE DEBT round in March 2019, bringing the total amount raised to USD 7. 150 mn. The current CEO is Scottie Johnson.

Ioxus specializes in the manufacturing of ultracapacitor cells and modules, which are integral components for energy storage solutions across various sectors, including transportation, industrial applications, and grid-connected systems. Their flagship product offerings include the iMod Modules, specifically the 16V and 17V pouch cell modules designed to enhance the electrical systems of vehicles, notably trucks, by adding significant energy storage capacity—up to 72,000 joules. These ultracapacitors are engineered for high specific power and temperature resilience, making them particularly effective when integrated with high-energy sources. The primary customer base encompasses manufacturers in transportation and industrial sectors, as well as utility providers seeking reliable energy storage systems.

Ioxus products are marketed globally, with a focus on regions such as North America, Europe, and Asia, ensuring broad accessibility to its innovative energy solutions. Ioxus generates revenue through the sale of its ultracapacitor products primarily via direct business-to-business transactions with manufacturers and industrial clients. The company structures its transactions to accommodate various sales models, including wholesale agreements and long-term contracts with partners in the transportation and energy sectors. Significant revenue drivers are the iMod Modules and other specialized energy storage solutions, which cater to a diverse clientele requiring enhanced power reliability and efficiency.

Pricing plans are tailored to the specifications of each product, reflecting the technical advantages and performance characteristics of the ultracapacitors offered. The continuous demand for advanced energy storage solutions ensures steady revenue flow from clients across multiple geographical markets, including the United States, Japan, and other parts of Asia and Europe. Ioxus plans to leverage the recent VENTURE DEBT funding of USD 2. 000 mn raised in March 2019 to support the development of new ultracapacitor products and expand its market reach.

The company is targeting growth in North America, Europe, and Asia, with plans to introduce new models by 2021 that will enhance the performance of energy storage systems. Additionally, Ioxus intends to explore partnerships with utility companies in these regions to broaden its customer base and service offerings.