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 solutions are engineered for demanding applications across various industries, including transportation, alternative energy, medical devices, industrial equipment, and consumer electronics. The company's commitment to high performance and reliability in energy storage makes it a key player in markets seeking efficient and durable power solutions.
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 Energy Technology Ventures, Aster Capital, Braemar Energy Ventures, and Northwater Capital
Series C (2014): $21M backed by Braemar Energy Ventures, The Westly Group, Energy Technology Ventures, Northwater Capital Management, The International Finance Corporation, and Aster Capital
Debt (2016): $1.6M, investors not publicly disclosed
Key Investors in Ioxus
Braemar Energy Ventures
Braemar Energy Ventures is a venture capital firm focused on technology investments that drive energy transition across various industries, supporting companies in areas like EV charging networks and energy management solutions.
The Westly Group
The Westly Group is a North American venture fund that invests in entrepreneurs transforming foundational industries such as energy, mobility, buildings, industrial technology, and cybersecurity, with a notable history of backing disruptive companies.
Energy Technology Ventures
Energy Technology Ventures is a collaborative investment firm formed by major energy corporations to support innovative energy technologies in sectors like renewable power generation and smart grid solutions.
What's next for Ioxus?
The recent major strategic investment signals a pivotal phase for Ioxus, likely enabling the company to scale its manufacturing capabilities, accelerate research and development for next-generation ultracapacitors, and expand its market reach. This capital infusion, coupled with the company's established expertise in energy storage, suggests a strategic focus on capturing greater market share in sectors increasingly reliant on advanced power solutions. Future growth may involve deeper penetration into electric vehicle markets, renewable energy grid stabilization, and other high-demand industrial applications.
See full Ioxus company page
