IRP Systems Raises $17M in Series B Funding

IRP Systems

IRP Systems, a Tel Aviv, Israel-based provider of innovative electric powertrain products for e-mobility, raised $17M in Series B funding.

The round was led by Chinese VC Fosun RZ capital, with additional funds provided by JAL ventures, previous investor Entrée Capital, Tal Capital, Union Tech Ventures, Cendana Capital and Allied Group subsidiary Champion Motors, the Israeli direct importer and distributor of Volkswagen Group.

Led by Moran Price, CEO and Co-Founder, Paul Price, CTO and Co-Founder, IRP Systems specializes in high-performance electric powertrain systems for a variety of e-mobility platforms, enabling electric vehicles. The company has customers including top automotive and micro-mobility manufacturers in Asia Pacific, the EU and Israel and has headquarters in Ness Ziona, Israel.



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