About ALGOLiON
ALGOLiON is a company based in Rehovot (Israel) founded in 2014 was acquired by General Motors in June 2023.. ALGOLiON offers products and services including Battery Health Technology and E-mobility Solutions. ALGOLiON operates in a competitive market with competitors including Ion Energy Labs, Qnovo, Eatron, Electra Vehicles and Brill Power, among others.
- Headquarter Rehovot, Israel
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Aionz Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$387.39 K (USD), Grant
Jan 01, 2021
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Investors
European Union
& 1 more
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Employee Count
Employee Count
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Acquired by
General Motors
(Jun 30, 2023)
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Products & Services of ALGOLiON
ALGOLiON offers a comprehensive portfolio of products and services, including Battery Health Technology and E-mobility Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Monitors and maintains battery performance in electric vehicles.
Provides tech for commercial electric vehicle operations.
Funding Insights of ALGOLiON
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $387,387
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First Round
First Round
(01 Sep 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Grant - ALGOLiON | Valuation |
investors |
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| Nov, 2017 | Amount | Grant - ALGOLiON | Valuation |
investors |
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| Sep, 2016 | Amount | Grant - ALGOLiON | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ALGOLiON
ALGOLiON has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and General Motors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Global automotive company
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ALGOLiON
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ALGOLiON
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algolion Comparisons
Competitors of ALGOLiON
ALGOLiON operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ion Energy Labs, Qnovo, Eatron, Electra Vehicles and Brill Power, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Battery intelligence platform for utility-scale energy storage systems is developed.
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| domain | founded_year | HQ Location |
Battery management software is developed for e-mobility applications.
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| domain | founded_year | HQ Location |
AI-enabled battery management and motion control systems are developed.
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| domain | founded_year | HQ Location |
Battery management systems for electric vehicles are developed and provided.
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| domain | founded_year | HQ Location |
Battery management systems are developed for modular lithium battery packs.
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| domain | founded_year | HQ Location |
Cloud-based energy management and analytics solutions provider for electric buses and trucks
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Algolion
Frequently Asked Questions about ALGOLiON
When was ALGOLiON founded?
ALGOLiON was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is ALGOLiON located?
ALGOLiON is headquartered in Rehovot, Israel. It is registered at Rehovot, Central District, Israel.
What does ALGOLiON do?
ALGOLiON was founded in 2014 in Rehovot, Israel, within the electric vehicle and battery technology sector. Early warning predictive intelligence algorithms are developed to mitigate lithium-ion battery fires in vehicles and other applications. Internal safety hazards in cells are identified through markers that offer sensitivity two orders of magnitude greater than competing systems, enabling proactive risk management.
Who are the top competitors of ALGOLiON?
ALGOLiON's top competitors include Eatron, Breathe Battery Technologies and Brill Power.
What products or services does ALGOLiON offer?
ALGOLiON offers Battery Health Technology and E-mobility Solutions.
Who are ALGOLiON's investors?
ALGOLiON has 2 investors. Key investors include European Union, and General Motors.
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