IONATE Raises $17 Million to Help Grids Meet Decarbonization and AI Needs

IONATE, a London-based startup specializing in smart electric transformers and software for electric grids, has raised $17 million in Series A funding to expand its market presence, launch operations in the U.S., and advance its technology. Founded in 2019, IONATE provides a “hardware-software backbone for smart grids” that addresses modern energy demands like decarbonization and the integration of distributed energy sources, including solar power and electric vehicles. Its solutions include the Hybrid Intelligent Transformer (HIT), which enhances power flow control and real-time disturbance resolution, and the Aurora Platform, which leverages AI to optimize grid efficiency. Led by AlbionVC, the funding round attracted various strategic and institutional investors, highlighting IONATE’s potential to revolutionize grid technology and meet the evolving energy needs of the modern world. Resources: https://www.esgtoday.com/ionate-raises-17-million-to-help-grids-meet-decarbonization-and-ai-needs/