About ITEN
ITEN is a company based in Dardilly (France) founded in 2011.. ITEN has raised $79.8 million across 2 funding rounds from investors including Groupe SEB, Bpifrance and Eren Groupe. The company has 23 employees as of December 31, 2020. ITEN offers products and services including Solid-State Batteries and Pallet Asset Tracking Device. ITEN operates in a competitive market with competitors including VARTA, 3DBattery, Ensurge, FlexCap Energy and Hylicreate, among others.
- Headquarter Dardilly, France
- Employees 23 as on 31 Dec, 2020
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name I-Ten
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Annual Revenue
$1.55 M (USD)-20as on Dec 31, 2023
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Net Profit
$-7.46 M (USD)-38as on Dec 31, 2023
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EBITDA
$-8.08 M (USD)-27as on Dec 31, 2023
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Total Equity Funding
$79.8 M (USD)
in 2 rounds
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Latest Funding Round
$79.8 M (USD), Series C
Oct 04, 2022
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Investors
Groupe SEB
& 4 more
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Employee Count
23
as on Dec 31, 2020
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Products & Services of ITEN
ITEN offers a comprehensive portfolio of products and services, including Solid-State Batteries and Pallet Asset Tracking Device. 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.
High-density batteries for IoT and wearables applications.
Device using solid-state batteries for asset tracking.
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Funding Insights of ITEN
ITEN has successfully raised a total of $79.8M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $79.8 million completed in October 2022. 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 — $79.8M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series C - ITEN | Valuation | Bpifrance , Groupe SEB |
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| Jun, 2014 | Amount | Private Equity Round - ITEN | Valuation |
investors |
| 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 ITEN
ITEN has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Groupe SEB, Bpifrance and Eren Groupe. 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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Investments are directed toward early-stage technology-led companies by Innovacom.
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Founded Year | Domain | Location | |
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UI Investissement is engaged in private equity and investment services.
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Founded Year | Domain | Location | |
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Corporate consultancy, advisory, and funding services are provided to businesses.
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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 ITEN
| 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 - ITEN
| 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 |
Iten Comparisons
Competitors of ITEN
ITEN 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 VARTA, 3DBattery, Ensurge, FlexCap Energy and Hylicreate, 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 |
Lithium-ion batteries and storage systems are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Micro battery solutions are developed for flexible and wearable technologies.
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| domain | founded_year | HQ Location |
Energy storage solutions for wearable devices are developed by Ensurge.
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| domain | founded_year | HQ Location |
Flexible thin-film batteries are supplied for wearable devices.
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| domain | founded_year | HQ Location |
A technology-driven company specializing in research and development of solid-state lithium-ion battery products.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Iten
Frequently Asked Questions about ITEN
When was ITEN founded?
ITEN was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is ITEN located?
ITEN is headquartered in Dardilly, France. It is registered at Dardilly, Rhone, France.
Who is the current CEO of ITEN?
Vincent Cobee is the current CEO of ITEN.
Is ITEN a funded company?
ITEN is a funded company, having raised a total of $79.8M across 2 funding rounds to date.
How many employees does ITEN have?
As of Dec 31, 2020, the latest employee count at ITEN is 23.
What is the annual revenue of ITEN?
Annual revenue of ITEN is $1.55M as on Dec 31, 2023.
What does ITEN do?
Manufacturer of lithium-ion batteries. Its batteries utilize nanomaterials and proprietary architectures to achieve power density and miniaturization. It controls the entire manufacturing process, from material synthesis to final testing, ensuring high performance and quality for applications like the backup of RTC or volatile memories, wireless autonomous sensor networks, watches, smartcards, electronic shelf labels, and disposable, implantable or minimally invasive medical devices.
What products or services does ITEN offer?
ITEN offers Solid-State Batteries and Pallet Asset Tracking Device.
Who are ITEN's investors?
ITEN has 5 investors. Key investors include Groupe SEB, Bpifrance, Eren Groupe, Innovacom, and UI Investissement.