Iontra, a Centennial, CO-based battery charging technology company, raised $45M in Series C funding.
The round was led by Volta Energy Technologies, with additional support from other investors.
The company intends to use the funds to consolidate position as a supplier of low-cost, small-footprint battery charger microcontrollers (MCUs) and to support its customers’ upcoming product releases.
Led by CEO Jeff Granato, Iontra provides an advanced battery sensing and charging method that is predictive and responsive, proactively protecting the battery while charging. It minimizes the concerning failure modes of batteries, plating and dendrite formation, which cause safety issues and limit battery performance.
Its charge technology is chemistry agnostic and proven to concurrently increase battery cycle life and charge speed up to and greater than 200 percent, support cold weather charging to -20°C, and create a safer charge overall, without changing the design and chemistry of existing battery cells.
The company has raised $120.3M to date.
FinSMEs
21/11/2024