Friday, May 12, 2017

ION Energy has raised an undisclosed amount of angel funding



ION Energy has raised an undisclosed amount of angel funding from Haptik founders Aakrit Vaish and Swapan Rajdev and the chairman of OMC Power and founder of Nippo Batteries Sushill Jiwarajka.


Also read: MyGreens raised Rs 3-5 crore from LetsVenture

ION Energy is creating product and distribution infrastructure for electric vehicles in India, which includes energy storage and a battery management system for the vehicles. Its product will enable electric vehicles to deliver a more lucrative price per kilometre, offer 5-6 times better acceleration, and provide faster battery charging time.

The startup will use the funds for product development and mass manufacturing.



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