About IRP Systems
IRP Systems is a company based in Ness Ziona (Israel) founded in 2015. It operates as a AI-as-a-Service, and B2B2C. IRP Systems has raised $48 million across 2 funding rounds from investors including Entrust, Clal Insurance and Shlomo. The company has 1 employees as of April 06, 2024. IRP Systems offers products and services including EVVER Hi-Dynamic Controller and TrueDRIVE AI-Suite. IRP Systems operates in a competitive market with competitors including Vitesco Technologies, Hexagon Purus, Equipmake, eLeapPower and Saietta Electric Drive, among others.
- Headquarter Ness Ziona, Israel
- Employees 1 as on 06 Apr, 2024
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Sectors
Transportation, Automotive & Logistics
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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 Irp Systems
- Date of Incorporation 24 Aug, 2022
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$9.41 K (USD)0as on Mar 31, 2023
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Net Profit
$-47.37 K (USD)0as on Mar 31, 2023
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EBITDA
$-40.75 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$48 M (USD)
in 2 rounds
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Latest Funding Round
$31 M (USD), Series C
Apr 28, 2021
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Investors
Entrust
& 12 more
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Employee Count
1
as on Apr 06, 2024
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Products & Services of IRP Systems
IRP Systems offers a comprehensive portfolio of products and services, including EVVER Hi-Dynamic Controller and TrueDRIVE AI-Suite. 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.
Advanced controller for electric vehicle powertrain efficiency.
AI-driven software for powertrain integration and optimization.
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 Total Funding
- Total Rounds 2
- Last Round Series C — $31.0M
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First Round
First Round
(12 May 2020)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series C - IRP Systems | Valuation | Clal Insurance , Altshuler Shaham | |
| May, 2020 | Amount | Series B - IRP Systems | Valuation | Fosun RZ Capital |
| 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 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. 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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Founded Year | Domain | Location | |
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Investments are directed toward semiconductors, telecommunications, software, and medical sectors.
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Founded Year | Domain | Location | |
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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 IRP Systems
| 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 - IRP Systems
| 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 |
Irp Systems Comparisons
Competitors of IRP Systems
IRP Systems 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 Vitesco Technologies, Hexagon Purus, Equipmake, eLeapPower and Saietta Electric Drive, 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 |
Developer of powertrain system for multi-category vehicles
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| domain | founded_year | HQ Location |
Hydrogen-based batteries and systems for electric vehicles are manufactured.
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| domain | founded_year | HQ Location |
Electronic equipment is designed and developed for powertrain components.
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| domain | founded_year | HQ Location |
Powertrain systems for multi-category electric vehicles are developed.
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| domain | founded_year | HQ Location |
Electric powertrain systems with motor technology are developed and manufactured.
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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 Irp Systems
Frequently Asked Questions about IRP Systems
When was IRP Systems founded?
IRP Systems was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is IRP Systems located?
IRP Systems is headquartered in Ness Ziona, Israel. It is registered at Ness Ziona, Central District, Israel.
Is IRP Systems a funded company?
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 12, 2020.
How many employees does IRP Systems have?
As of Apr 06, 2024, the latest employee count at IRP Systems is 1.
What is the annual revenue of IRP Systems?
Annual revenue of IRP Systems is $9.41K as on Mar 31, 2023.
What does IRP Systems do?
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.
Who are the top competitors of IRP Systems?
IRP Systems's top competitors include Hexagon Purus, Equipmake and Vitesco Technologies.
What products or services does IRP Systems offer?
IRP Systems offers EVVER Hi-Dynamic Controller and TrueDRIVE AI-Suite.
Who are IRP Systems's investors?
IRP Systems has 13 investors. Key investors include Entrust, Clal Insurance, Shlomo, Altshuler Shaham, and FRZ Capital.
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