What is Ioxus?
Founded in 2006 and based in Oneonta, NY, Ioxus specializes in the design and production of ultracapacitor technology. These advanced energy storage devices offer rapid charge and discharge capabilities, high power density, and extended cycle life, making them suitable for a wide array of demanding applications. Ioxus's technology is critical for enhancing efficiency and performance in transportation systems, renewable energy grids, industrial machinery, and consumer electronics, positioning the company as a key player in the evolving energy storage landscape.
How much funding has Ioxus raised?
Ioxus has raised a total of $48.3M across 6 funding rounds:
Series A
$3M
Unspecified
$1.7M
Unspecified
$200K
Series B
$20.8M
Series C
$21M
Debt
$1.6M
Series A (2008): $3M, investors not publicly disclosed
Unspecified (2008): $1.7M led by NYSERDA
Unspecified (2009): $200K supported by NYSERDA
Series B (2012): $20.8M featuring Braemar Energy Ventures, Energy Technology Ventures, Northwater Capital, and Aster Capital
Series C (2014): $21M backed by The International Finance Corporation, Aster Capital, Northwater Capital Management, Energy Technology Ventures, Braemar Energy Ventures, and The Westly Group
Debt (2016): $1.6M, investors not publicly disclosed
Key Investors in Ioxus
The International Finance Corporation
The International Finance Corporation is a multilateral financial institution focused on mobilizing capital and expertise for sustainable development in emerging markets, providing financial solutions and advisory services to support private sector growth and infrastructure.
Aster Capital
Aster Capital is a venture capital firm and business hub that accelerates startups, particularly in energy, smart industries, and mobility sectors, offering an ecosystem of opportunities and international market access.
Braemar Energy Ventures
Braemar Energy Ventures focuses on technology investments driving the energy transition, supporting companies in areas like EV charging networks, carbon capture, and energy management solutions.
What's next for Ioxus?
With the recent influx of major strategic investment, Ioxus is poised for accelerated expansion and technological advancement. The company's focus will likely be on scaling manufacturing capabilities to meet growing market demand for its ultracapacitor solutions. Strategic partnerships and further research and development into next-generation energy storage technologies are anticipated. This capital infusion will enable Ioxus to solidify its competitive edge and capitalize on the increasing global demand for efficient and sustainable energy storage, particularly within the burgeoning electric vehicle and renewable energy sectors.
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