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making a molehill out of a mountain.

THEME

Food Systems

Pre-Series A

STAGE

INVESTORS

Undisclosed

WEBSITE

The Business

Batteries' fire fiascos

Sustainability Story

The Need for Better Measures.

Peak Angle

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Founders

Akhil Aryan, Alexandre Collet

The Business

The proliferation of e-rickshaws across Indian metros has resulted in a large market for franchises that provide battery swapping services. Unfortunately, batteries are not adequately regulated and close to 100,000 e-rickshaws in Delhi are unregulated and are lacking fitness certificates. Most of these e-rickshaws tend to have faulty batteries which are prone to catching fire.

Anchor 1

Sustainability Story

Ion Energy build battery management systems, which improve the performance of lithium ion batteries by improving their performance and increasing their reliability. This prevents batteries from breaking down or catching fire, which could help franchises and the battery swapping market to experience greater growth.

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Peak's Angle

We believe that the BMS system of a battery is the most differentiated and has the greatest barriers to entry.

After being acquired by Freemens SAS, ION was able to get access to highly advanced BMS data. It's estimated that it would take a new entrant 2 years to reach this level of proficiency which gives Ion a competitive, first-mover advantage.

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Founders

Akhil Aryan.jpeg
  • LinkedIn

Akhil Aryan

Co-Founder & CEO of ION Energy

Forbes 30 Under 30

1517776826939.jpeg
  • LinkedIn

Alexandre Collet

Co-Founder & CTO of ION Energy

CEO of Freemens

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