Iontra Closes $45 Million Series C
Thought Leadership
Iontra Closes $45 Million Series C to Deliver Launch of the Industry’s First Integrated RISC-V Charge Control and Fuel Gauge Microcontroller
CENTENNIAL, Colo., Nov. 20, 2024 — Iontra Inc, a Colorado-based leader in next-generation battery charging technology, announced today that it has successfully completed its $45M Series C funding round with support from both current and new investors. The company has raised $120.3 Million to date. Combined with the recent DOE award of the $2.15 million ARPA-E circular grant, this solidifies Iontra’s leadership position in battery charging technology.
Iontra’s funding round was led by repeat prominent energy sector investor Volta Energy Technologies, with additional support from others.
“The team and I are grateful for the continued strong support from our investors,” said Jeff Granato, CEO of Iontra. “This Series C financing supports the significant market potential of our technology and positions us for aggressive growth, starting with customers launching Iontra-enabled products in a matter of months and samples of our purpose-built MCU becoming available for customers in 2025.”