About Ionage
Ionage is a company based in Bengaluru (India) founded in 2021 by Vimal Kumar V, Varun Chandran, and Vijith Kumar V.. Ionage has raised $971.17 thousand across 3 funding rounds from investors including Nextwave Communications, Nikhil Raj and Turvinder Dhillon. The company has 1 employees as of April 05, 2024. Ionage offers products and services including IONAGE Platform, Fleet Management, and Home Charging Solutions. Ionage operates in a competitive market with competitors including ElectricPe, GOEC, TelioEV, EVQ Point and Valerio, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 05 Apr, 2024
- Founders Vimal Kumar V, Varun Chandran, Vijith Kumar V
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsTechnology Energy & 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 Ionage Technologies Private Limited
- Date of Incorporation 01 Sep, 2021
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-841.65 (USD)-75as on Mar 31, 2023
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Total Equity Funding
$971.17 K (USD)
in 3 rounds
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Latest Funding Round
$595.4 K (USD), Seed
Sep 11, 2024
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Investors
Nextwave Communications
& 16 more
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Employee Count
1
as on Apr 05, 2024
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Products & Services of Ionage
Ionage offers a comprehensive portfolio of products and services, including IONAGE Platform, Fleet Management, and Home Charging 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.
Unified solution for managing EV charging networks and integrations
Enhances charger utilization for fleet operations and revenue
Optimizes home chargers for remote management and scheduling
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Funding Insights of Ionage
Ionage has successfully raised a total of $971.17K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $595.4 thousand completed in September 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 3
- Last Round Seed — $595,395
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First Round
First Round
(16 Nov 2022)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Seed - Ionage | Valuation | Nextwave Communications |
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| Nov, 2023 | Amount | Angel Round - Ionage | Valuation | Nikhil Raj | |
| Nov, 2022 | Amount | Angel Round - Ionage | Valuation | Anu Jain |
| 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 Ionage
Ionage has secured backing from 17 investors, including venture fund and angel investors. Prominent investors backing the company include Nextwave Communications, Nikhil Raj and Turvinder Dhillon. 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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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Nikhil Raj |
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Founded Year | Domain | Location |
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TD
Turvinder Dhillon |
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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 Ionage
| 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 - Ionage
| 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 |
Ionage Comparisons
Competitors of Ionage
Ionage 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 ElectricPe, GOEC, TelioEV, EVQ Point and Valerio, 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 |
Multi-brand electric vehicles are sold with charging services provided.
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| domain | founded_year | HQ Location |
Offers EV charging stations, app, and services for electric vehicles in India.
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| domain | founded_year | HQ Location |
Develops software and apps for EV charging management and operations.
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| domain | founded_year | HQ Location |
Manufacturer of AC and DC fast charging stations for electric vehicles
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| domain | founded_year | HQ Location |
Online platform offering electric-vehicle charge point-locater services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Ionage
Frequently Asked Questions about Ionage
When was Ionage founded?
Ionage was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Ionage located?
Ionage is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Ionage?
Vimal Kumar V is the current CEO of Ionage. They have also founded this company.
Is Ionage a funded company?
Ionage is a funded company, having raised a total of $971.17K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $123.23K, raised on Nov 16, 2022.
How many employees does Ionage have?
As of Apr 05, 2024, the latest employee count at Ionage is 1.
What does Ionage do?
Ionage was founded in 2021 in Bengaluru, India, as a provider of a unified EV charging platform. Integration with global EV manufacturer dashboards and lifestyle apps is enabled, along with SDKs for mobile applications. Auto-charging functionality, fleet management solutions, and home charging with remote management are offered. Charger network utilization is optimized, and customer charging experiences are enhanced across operations.
Who are the top competitors of Ionage?
Ionage's top competitors include ElectricPe, TelioEV and Valerio.
What products or services does Ionage offer?
Ionage offers IONAGE Platform, Fleet Management, and Home Charging Solutions.
Who are Ionage's investors?
Ionage has 17 investors. Key investors include Nextwave Communications, Nikhil Raj, Turvinder Dhillon, Kiran RK, and Amiya Krishna.
What is Ionage's valuation?
The valuation of Ionage is $2.98M as of Sep 2024.