About IRP Systems
IRP Systems is a Transportation, Automotive & Logistics company based in Ness Ziona (Israel) founded in 2015. Software-defined electric powertrain systems for micromobility are provided. It operates on a AI-as-a-Service and B2B2C model. IRP Systems has raised $48 million across 2 funding rounds from investors including Entrust, Clal Insurance and Shlomo. The company has 1 employees. Its Indian entity Irp Systems India Private Limited reported revenue of ₹8.58 Cr. IRP Systems offers products and services including EVVER Hi-Dynamic Controller and TrueDRIVE AI-Suite. Its focus areas include Automotive, Electric Vehicles and Powertrain Solutions.
Company details
IRP Systems is engaged in developing software-defined electric powertrain solutions for electric vehicles. The company operates within the automotive sector, specializing in e-mobility technologies. Innovative products like EVVER Hi-Dynamic Controller and TrueDRIVE AI-Suite are offered, aimed at enhancing efficiency, performance, and integration for OEMs. Efforts are directed towards making electric mobility accessible and affordable globally, with a commitment to safety and durability through compliance with industry standards like ISO26262.
- Headquarters Ness Ziona, Israel
- Employees 1
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website irpsystems.com
- Social LinkedIn X Facebook YouTube
- Legal Name Irp Systems
- Date of Incorporation 24 Aug, 2022
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹8.58 Cr
FY 2024 · +10871% YoY
- Indian entity net loss-₹98.8 Lakh
FY 2024 · -12% margin
- Indian entity EBITDA-₹94.2 Lakh
FY 2024 · -11% margin
- Total Equity Funding$48M (USD)
in 2 rounds
- Latest Funding Round$31M (USD), Series C
Apr 2021
- InvestorsEntrust
& 12 more
- Employee Count1
Associated legal entities of IRP Systems
IRP Systems operates through Irp Systems India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Irp Systems India Private Limited CIN U34300KA2022FTC165294 | Active | 24 Aug 2022 | Bangalore, Karnataka | ₹8.6 Cr | 3 | View details |
Products & Services of IRP Systems
IRP Systems offers a comprehensive portfolio of products and services, including EVVER Hi-Dynamic Controller and TrueDRIVE AI-Suite.
Advanced controller for electric vehicle powertrain efficiency.
AI-driven software for powertrain integration and optimization.
Apps and channels of IRP Systems
its YouTube channel IRP Systems has 64 subscribers and 6 videos.
Videos from IRP Systems
The most watched videos on IRP Systems's YouTube channel, IRP Systems (64 subscribers). Click a video to play it here.
More on IRP Systems.
Funding Insights of IRP Systems
IRP Systems has successfully raised a total of $48M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $31 million completed in April 2021. 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 $48M
- Total Rounds 2
- Last Round Series C — $31M
- First Round $17M
(May 2020)
- Investors Count 13
All 2 funding rounds of IRP Systems 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 |
|---|---|---|---|---|---|
| Apr 2021 | $31M | Series C | – | Clal Insurance, Altshuler Shaham | |
| May 2020 | $17M | Series B | – | Fosun RZ Capital |
13 investors in total: 13 institutional.
Investors in IRP Systems
IRP Systems has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Entrust, Clal Insurance and Shlomo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| jalventures.com | ||||
Investments are directed toward semiconductors, telecommunications, software, and medical sectors. | samsungventures.com | Seoul, South Korea | ||
| uniontech.co.il | ||||
Venture capital fund investing in early-stage tech startups | cendanacapital.com | San Francisco, United States | ||
Venture capital is provided to tech companies by Tal Ventures. | tal-ventures.com | Tel Aviv, Israel | ||
Investments are directed toward pre-seed to Series C technology companies. | entreecap.com | London, United Kingdom | ||
Insurance services are offered to clients in Israel. | 1987 | clalbit.co.il | Tel Aviv, Israel | |
Diversified investment management services are provided to various clients. | 1990 | as-invest.co.il | Tel Aviv, Israel | |
Provider of digital identity management solutions | 1969 | entrust.com | Dallas, United States | |
Venture capital investment and fund management services are conducted globally. | 2013 | frzcapital.cn | Beijing, China |
Investor details for IRP Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Irp Systems India Private Limited (IRP Systems)
Irp Systems India Private Limited is the primary company behind IRP Systems. The board of Irp Systems India Private Limited currently have 3 directors; the longest-serving is Moran Price, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Moran Price DIN 09714132 | Director | 24 Aug 2022 | 4 yrs 2 mo | Irp Systems India Private Limited |
| Paul Abraham Price DIN 10265176 | Director | 08 Aug 2023 | 3 yrs 3 mo | Irp Systems India Private Limited |
| Gorur Narasimhan Balaji DIN 10904062 | Director | 13 Jan 2025 | 1 yr 9 mo | Irp Systems India Private Limited |
People of IRP Systems
1 people are tracked at IRP Systems (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Avinoam Moses | Director Of Operations & Engineering | Leadership |
Complete people profiles for IRP Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of IRP Systems
Figures of Irp Systems India Private Limited, the primary company behind IRP Systems, for FY 2024. Revenue was ₹8.58 Cr (+10871% year on year). Net loss was -₹98.8 Lakh (-12% margin). EBITDA was -₹94.2 Lakh (-11% margin).
- ₹8.58 CrRevenue · FY 2024 · +10871% YoY
- -₹98.8 LakhNet loss · -12% margin
- -₹94.2 LakhEBITDA · -11% margin
- ₹3.86 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Irp Systems India Private Limited are on its company page.
Detailed financial statements for IRP Systems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of IRP Systems
3 dated milestones of IRP Systems across 6 years, from founding to its latest funding, stage changes and deals.
- Founded IRP Systems is founded.
- Funding First funding round of $17.0M.
- Funding Latest funding round, Series C, of $31.0M.
Web traffic of IRP Systems
The website of IRP Systems (irpsystems.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▲ 54.2% vs previous month
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Related news about Irp Systems
Complete news archive for IRP Systems
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Frequently Asked Questions about IRP Systems
IRP Systems was founded in 2015 and raised its 1st funding round 5 years after it was founded.
IRP Systems is headquartered in Ness Ziona, Israel. It is registered at Ness Ziona, Central District, Israel.
IRP Systems is a funded company, having raised a total of $48M across 2 funding rounds to date. The company's 1st funding round was a Series B of $17M, raised on May 2020.
IRP Systems has 1 employees.
The primary company behind IRP Systems, Irp Systems India Private Limited, reported revenue of ₹8.58 Cr for FY 2024, up 10871% year on year.
IRP Systems is engaged in developing software-defined electric powertrain solutions for electric vehicles. The company operates within the automotive sector, specializing in e-mobility technologies. Innovative products like EVVER Hi-Dynamic Controller and TrueDRIVE AI-Suite are offered, aimed at enhancing efficiency, performance, and integration for OEMs. Efforts are directed towards making electric mobility accessible and affordable globally, with a commitment to safety and durability through compliance with industry standards like ISO26262.
IRP Systems offers EVVER Hi-Dynamic Controller and TrueDRIVE AI-Suite.
IRP Systems has 13 investors. Key investors include Entrust, Clal Insurance, Shlomo, Altshuler Shaham, and FRZ Capital.
IRP Systems operates through Irp Systems India Private Limited.
The legal entities of IRP Systems currently have 3 directors, including Moran Price, Gorur Narasimhan Balaji, Paul Abraham Price.