About ALGOLiON
ALGOLiON is a Transportation, Automotive & Logistics company based in Rehovot (Israel) founded in 2014, and was acquired by General Motors in June 2023. Predictive algorithms for lithium-ion battery fire prevention are developed. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. ALGOLiON offers products and services including Battery Health Technology and E-mobility Solutions. Its focus areas include Energy Tech, Electric Vehicles, Vehicle Management and B2B. Its legal entity is AIONZ Ltd.
Company details
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.
- Headquarters Rehovot, Israel
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Website algolion.com
- Social LinkedIn
- Acquired by General Motors (Jun 2023)
- Legal Name Aionz Ltd.
- Latest Funding Round$387.39K (USD), Grant
Jan 2021
- InvestorsEuropean Union
& 1 more
- Acquired byGeneral Motors
(Jun 2023)
Products & Services of ALGOLiON
ALGOLiON offers a comprehensive portfolio of products and services, including Battery Health Technology and E-mobility Solutions.
Monitors and maintains battery performance in electric vehicles.
Provides tech for commercial electric vehicle operations.
Funding Insights of ALGOLiON
- Total Rounds 3
- Last Round Grant — $387,387
- First Round $860,732
(Sep 2016)
- Investors Count 1
All 3 funding rounds of ALGOLiON with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2021 | $387,387 | Grant | – | – | |
| Nov 2017 | Grant | – | – | ||
| Sep 2016 | $860,732 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in ALGOLiON
ALGOLiON has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and General Motors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Global automotive company | 1908 | gm.com | United States |
Investor details for ALGOLiON
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of ALGOLiON
4 dated milestones of ALGOLiON across 9 years, from founding to its latest funding, stage changes and deals.
- Founded ALGOLiON is founded.
- Funding First funding round of $861K.
- Funding Latest funding round, Grant, of $387K.
- Exit Acquired by General Motors.
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Related news about Algolion
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Frequently Asked Questions about ALGOLiON
ALGOLiON was founded in 2014 and raised its 1st funding round 2 years after it was founded.
ALGOLiON is headquartered in Rehovot, Israel. It is registered at Rehovot, Central District, Israel.
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.
ALGOLiON offers Battery Health Technology and E-mobility Solutions.
ALGOLiON has 2 investors. Key investors include European Union, and General Motors.
ALGOLiON operates through Aionz Ltd..
Yes. ALGOLiON was acquired by General Motors in June 2023.