About Ionblox
Ionblox is a company based in Fremont (United States) founded in 2017 by Michael Sinkula, Herman Lopez, and Sujeet Kumar.. Ionblox has raised $56 million across 2 funding rounds from investors including Applied Materials, Lilium and Temasek. Ionblox offers products and services including Lithium-Ion Battery. Ionblox operates in a competitive market with competitors including Microvast, A123 Systems, Exponent Energy, StoreDot and Verkor, among others.
- Headquarter Fremont, United States
- Founders Michael Sinkula, Herman Lopez, Sujeet Kumar
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Phone
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Website
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Social
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- Legal Name Ionblox Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$56 M (USD)
in 2 rounds
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Latest Funding Round
$32 M (USD), Series B
Feb 08, 2023
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Investors
Applied Materials
& 4 more
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Employee Count
Employee Count
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Products & Services of Ionblox
Ionblox offers a comprehensive portfolio of products and services, including Lithium-Ion Battery. 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.
Delivers fast charging and extended range for electric vehicles and air mobility.
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Co Team
2 people
Leadership Team
1 people
COO Team
1 people
Operations Team
1 people
Senior Team
1 people
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Funding Insights of Ionblox
Ionblox has successfully raised a total of $56M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $32 million completed in February 2023. 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 2
- Last Round Series B — $32.0M
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First Round
First Round
(26 Oct 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series B - Ionblox | Valuation | Lilium , Applied Ventures | |
| Oct, 2022 | Amount | Series B - Ionblox | Valuation | Lilium |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Ionblox
Ionblox has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Applied Materials, Lilium and Temasek. 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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An investment platform is provided for diverse sectors and geographies.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Ionblox
| 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 - Ionblox
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Ionblox Comparisons
Competitors of Ionblox
Ionblox 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 Microvast, A123 Systems, Exponent Energy, StoreDot and Verkor, 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 |
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| domain | founded_year | HQ Location |
Lithium-ion batteries for multi-category electric vehicles are developed.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Rapid-charging technology for electric vehicles is developed and scaled.
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| domain | founded_year | HQ Location |
Fast-charging lithium batteries for electric vehicles are developed and manufactured.
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| domain | founded_year | HQ Location |
Lithium-ion batteries are manufactured for electric vehicles and storage.
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Energy storage systems are provided for grid-level and behind-the-meter applications.
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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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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 Ionblox
Frequently Asked Questions about Ionblox
When was Ionblox founded?
Ionblox was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Ionblox located?
Ionblox is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Who is the current CEO of Ionblox?
Sujeet Kumar is the current CEO of Ionblox. They have also founded this company.
Is Ionblox a funded company?
Ionblox is a funded company, having raised a total of $56M across 2 funding rounds to date. The company's 1st funding round was a Series B of $24M, raised on Oct 26, 2022.
What does Ionblox do?
Manufacturer of lithium-ion batteries. The company develops batteries on silicon-based formulations with features like fast charging, high energy and power, and fossil-free mobility.
Who are the top competitors of Ionblox?
Ionblox's top competitors include Microvast, Exponent Energy and StoreDot.
What products or services does Ionblox offer?
Ionblox offers Lithium-Ion Battery.
Who are Ionblox's investors?
Ionblox has 5 investors. Key investors include Applied Materials, Lilium, Temasek, Applied Ventures, and Catalus Capital.