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IONATE

IONATE

Private
LondonEnergy & Sustainabilityhttps://www.ionate.energy/

Last Round

Series A

Feb 5, 2025

Total Funding Raised

$21.44M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

IONATE is an energy infrastructure company that develops hardware-software solutions, including its Hybrid Intelligent Transformer (HIT), to modernize electricity grids.

Sector

Energy & Sustainability

Verticals

Smart Grid, Energy Management, Renewable Energy, Energy Storage, IoT Hardware

Business Model

B2B

Customer Profile

Hardware + Subscription, Hardware Sales, Services & Consulting, Government Contracts

AI Layer

Application

Keywords

Hybrid Intelligent TransformerHITsmart transformergrid modernizationgrid techpower flow controlsmart grid hardwarerenewable energy integrationgrid optimization softwaregrid edge technologypower electronicsdigital transformergrid resilienceutility technologyhardware-enabled SaaSDistribution System OperatorsDSO

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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IONATE Comparables

Compare IONATE with similar companies based on industry and business-model similarity.

IONATE comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
CloudFrame
87%
Heirloom Computing
82%
vFunction
81%

IONATE Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series AFeb 5, 2025
GrantSep 10, 2024
AcceleratorNov 30, 2023
SeedAug 16, 2022
GrantJan 26, 2021

Key People

Founding team and executive leadership

Ajanta Adhikari

Founder, CEO and President

Founding Team

Amol Dharmadhikari

Chief Technology Officer

Executive Team

Tianning Xu

Chief Technology Officer

Executive Team

IONATE Investors

Notable investors and investment history

IONATE investors
InvestorRounds
Eureka NetworkGrant
DIANAAccelerator
Global Brain CorporationSeries A
IQ CapitalSeries A, Seed
Innovate UKGrant
Old College CapitalSeed
Santander InnoEnergy Climate FundSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 17, 2026

    Monthly visitors increased 85% MoM.

  • Mar 14, 2026

    Added International, a government/energy policy company, as a customer.

IONATE Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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IONATE Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about IONATE's valuation, stock price, and market status.

Firmographic Details

HeadquartersLondon
Employee Range42
Year Founded2019
Last FundingFeb 5, 2025

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