About ION Engineering
ION Engineering is a company based in Boulder (United States) founded in 2008 by Alfred Brown.. ION Engineering has raised $70.05 million across 5 funding rounds from investors including Chevron, SK Materials and Carbon Direct Capital. The company has 13 employees as of December 31, 2021. ION Engineering offers products and services including Solvent Technology, Bespoke Design Services, and Carbon Capture Systems. ION Engineering operates in a competitive market with competitors including Linde, Aker Carbon Capture, Mantel, Compact Carbon Capture and Carbon Crusher, among others.
- Headquarter Boulder, United States
- Employees 13 as on 31 Dec, 2021
- Founders Alfred Brown
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Sectors
Environment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ion Clean Energy
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Annual Revenue
$00as on Jun 18, 2019
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Net Profit
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EBITDA
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Total Equity Funding
$70.05 M (USD)
in 5 rounds
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Latest Funding Round
$70 M (USD), Series A
Mar 29, 2024
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Investors
Chevron
& 4 more
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Employee Count
13
as on Dec 31, 2021
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Products & Services of ION Engineering
ION Engineering offers a comprehensive portfolio of products and services, including Solvent Technology, Bespoke Design Services, and Carbon Capture Systems. 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.
High-efficiency solvent for capturing CO2 from power plants.
Tailored solutions for implementing carbon capture in facilities.
Integrated systems to reduce greenhouse gas emissions effectively.
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Funding Insights of ION Engineering
ION Engineering has successfully raised a total of $70.05M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $70 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $70.0M
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First Round
First Round
(02 Nov 2009)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - ION Engineering | Valuation | Chevron | |
| Mar, 2023 | Amount | Series A - ION Engineering | Valuation | SK Materials |
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| Oct, 2019 | Amount | Grant - ION Engineering | 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 ION Engineering
ION Engineering has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Chevron, SK Materials and Carbon Direct Capital. 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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Carbon Direct Capital is focused on investing in carbon management companies.
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Founded Year | Domain | Location | |
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Chevron Corporation is engaged in global energy production and sustainability.
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Founded Year | Domain | Location | |
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Industrial gases are produced and supplied for industrial applications.
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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 ION Engineering
| 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 - ION Engineering
| 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 |
Ion Engineering Comparisons
Competitors of ION Engineering
ION Engineering 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 Linde, Aker Carbon Capture, Mantel, Compact Carbon Capture and Carbon Crusher, 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 |
Industrial gases and engineering services are supplied to diverse sectors.
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| domain | founded_year | HQ Location |
Modular carbon capture solutions are provided for industrial emitters.
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| domain | founded_year | HQ Location |
High-temperature carbon capture materials are developed for industrial applications.
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| domain | founded_year | HQ Location |
Provider of carbon capture solutions
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| domain | founded_year | HQ Location |
Carbon-negative roads are constructed using biopolymers and recycled materials.
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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 Ion Engineering
Frequently Asked Questions about ION Engineering
When was ION Engineering founded?
ION Engineering was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is ION Engineering located?
ION Engineering is headquartered in Boulder, United States. It is registered at Boulder, Colorado, United States.
Who is the current CEO of ION Engineering?
Alfred Brown is the current CEO of ION Engineering. They have also founded this company.
Is ION Engineering a funded company?
ION Engineering is a funded company, having raised a total of $70.05M across 5 funding rounds to date. The company's 1st funding round was a Grant of $5.8M, raised on Nov 02, 2009.
How many employees does ION Engineering have?
As of Dec 31, 2021, the latest employee count at ION Engineering is 13.
What does ION Engineering do?
ION Engineering was founded in 2008 and is headquartered in Boulder, United States. Technologies for capturing CO2 are developed by the company, relying on advanced liquid absorption methods. Solutions are offered to address emissions in both small-scale and large-scale industrial applications, focusing on the clean energy sector. Operations center on providing practical CO2 management tools for various industries.
Who are the top competitors of ION Engineering?
ION Engineering's top competitors include Linde, Mantel and Aker Carbon Capture.
What products or services does ION Engineering offer?
ION Engineering offers Solvent Technology, Bespoke Design Services, and Carbon Capture Systems.
Who are ION Engineering's investors?
ION Engineering has 5 investors. Key investors include Chevron, SK Materials, Carbon Direct Capital, Department of Energy, and OSTI.GOV.