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
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Net Profit
-$841.65 (USD)-75as on Mar 31, 2023
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EBITDA
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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.
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
People of Ionage
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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 |
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.
| 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 |
Investments & Acquisitions by Ionage
Financial Statements - Ionage
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.
| 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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Frequently Asked Questions about Ionage
Ionage was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Ionage is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vimal Kumar V is the current CEO of Ionage. They have also founded this 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.
As of Apr 05, 2024, the latest employee count at Ionage is 1.
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.
Ionage's top competitors include ElectricPe, TelioEV and Valerio.
Ionage offers IONAGE Platform, Fleet Management, and Home Charging Solutions.
Ionage has 17 investors. Key investors include Nextwave Communications, Nikhil Raj, Turvinder Dhillon, Kiran RK, and Amiya Krishna.
The valuation of Ionage is $2.98M as of Sep 2024.