Advanced Ionics
PrivateLast Round
Series A
Extension
Jan 8, 2025
Total Funding Raised
$23.4M
Company Overview
Advanced Ionics is a technology company focused on decarbonizing heavy industry through the development of low-cost green hydrogen electrolyzers. Founded in 2017, the company has created a water-vapor based electrolyzer technology, marketed as Symbion™, that symbiotically integrates with industrial heat sources to produce hydrogen more efficiently. This process significantly reduces the electricity required, targeting a production cost of less than $1 per kilogram for green hydrogen. The company's electrolyzers are constructed from widely available materials like steel, avoiding the use of expensive or rare metals common in other systems. Advanced Ionics has secured significant funding from strategic investors such as bp ventures, Mitsubishi Heavy Industries, and JERA to scale its technology and expand its manufacturing and R&D capabilities.
Sector
Energy & Sustainability
Verticals
Clean Manufacturing, Alternative Fuels, Renewable Energy, Advanced Materials, Sustainable Materials
Business Model
B2B
Customer Profile
Hardware Sales, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
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Advanced Ionics Comps
Public and private peers based on sector, stage, and business model.
Advanced Ionics Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A Extension | Jan 8, 2025 | ||||
| Strategic | Nov 1, 2024 | ||||
| Grant | Sep 17, 2024 | ||||
| Series A | Aug 15, 2023 | ||||
| Seed | Apr 28, 2022 |
Advanced Ionics Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Argosy Foundation | Series A Extension |
| GVP Climate | Series A |
| Clean Energy Venture Group | Series A Extension, Series A |
| BP Ventures | Series A Extension, Series A |
| Clean Energy Ventures | Series A, Seed |
Market signals
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- Jan 8, 2025
Ignacio Bincaz named new Chief Executive Officer.
- Jan 8, 2025
$7M raised in early funding.
Advanced Ionics Filings
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|---|---|---|---|---|---|---|
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Frequently Asked Questions
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