ION Energy raises $3.6 million from Amazon's Climate Pledge Fund

02 Jul 2021 CW Team

ION Energy, an advanced battery management solutions provider, has announced that it has raised $3.6 million in Pre-Series A funding.

The funding was raised from Amazon's Climate Pledge Fund, a $2 billion fund to support companies that develop sustainable technologies. Climate Capital, Riso Capital, YourNest Venture Capital, Venture Catalyst, and other angel investors also participated in the funding round.

The company said that the funding would be used to enhance team strength, invest in product development, and expand its software business in North America and Europe. The investment would also help battery management company ION Energy to serve its order pipeline worth over $15 million.

As a part of the round, Anup Menon, Head of Strategy and Emerging Technology at Bank of America, would join the company's Board of Directors.

According to ION, it currently has over 75 consumers in the mobility and energy industry across 15 countries, including France, India, Spain, and the United States. The firm develops smart battery management platforms that help proprietary algorithms increase battery life and performance. Customers of ION have deployed 60,000 smart battery management systems in electric vehicles and stationary storage systems.

In 2017, ION Energy raised an undisclosed amount of angel funding from a group of investors and other individual investors, according to Mercom. The company has also joined hands with esVolta to enhance the operational efficiency of esVolta's utility-scale battery energy storage products.

Earlier, Mercom said that Amazon had issued a $1 billion sustainability bond to fund ongoing and new projects in five major green spheres – renewable energy, sustainable buildings, clean transportation, affordable housing, and socio-economic advancement and empowerment.

Image Source

Also read: Sterling & Wilson Solar incurred Rs 2.9 bn losses in FY21

Also read: UP electricity body asks UPPCL to pay Rs 7,244 cr in regulatory fund

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

ION Energy, an advanced battery management solutions provider, has announced that it has raised $3.6 million in Pre-Series A funding. The funding was raised from Amazon's Climate Pledge Fund, a $2 billion fund to support companies that develop sustainable technologies. Climate Capital, Riso Capital, YourNest Venture Capital, Venture Catalyst, and other angel investors also participated in the funding round. The company said that the funding would be used to enhance team strength, invest in product development, and expand its software business in North America and Europe. The investment would also help battery management company ION Energy to serve its order pipeline worth over $15 million. As a part of the round, Anup Menon, Head of Strategy and Emerging Technology at Bank of America, would join the company's Board of Directors. According to ION, it currently has over 75 consumers in the mobility and energy industry across 15 countries, including France, India, Spain, and the United States. The firm develops smart battery management platforms that help proprietary algorithms increase battery life and performance. Customers of ION have deployed 60,000 smart battery management systems in electric vehicles and stationary storage systems. In 2017, ION Energy raised an undisclosed amount of angel funding from a group of investors and other individual investors, according to Mercom. The company has also joined hands with esVolta to enhance the operational efficiency of esVolta's utility-scale battery energy storage products. Earlier, Mercom said that Amazon had issued a $1 billion sustainability bond to fund ongoing and new projects in five major green spheres – renewable energy, sustainable buildings, clean transportation, affordable housing, and socio-economic advancement and empowerment. Image Source Also read: Sterling & Wilson Solar incurred Rs 2.9 bn losses in FY21 Also read: UP electricity body asks UPPCL to pay Rs 7,244 cr in regulatory fund

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..