Ionage
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Stories tagged Ionage
Ionage raises $1.3 million to expand EV charging platform across India
Indian EV charging and energy management startup Ionage has secured $1.3 million in pre-Series A funding from strategic investors and energy sector executives. The company, which has onboarded more than 25,000 four-wheeler charging points and works with 75 charging partners across 33 states and Union Territories, will use the capital to expand coverage to 100% of active EV charging networks in India and help small and medium-sized CPOs establish and manage stations more efficiently. Ionage claims its platform operates on more than 70% of India's charging hardware and addresses infrastructure gaps including the fact that nearly two in five public chargers in India are non-functional at any given time.
Why it matters
The funding highlights investor confidence in software platforms that can improve charger reliability and interoperability for CPOs in India, where the ratio stands at one charger for every 235 EVs in 2025. For procurement teams and operators, Ionage's focus on helping small and medium-sized CPOs manage stations more efficiently could lower barriers to market entry and improve network uptime.
Ionage raises $1.3 million to expand EV charging interoperability platform across India
AI-enabled energy management platform Ionage has secured $1.3 million in pre-Series A funding led by strategic investors and a consortium of CXOs from global energy and infrastructure companies. The company plans to use the capital to expand its platform coverage to 100% of active charger networks in India, improve charger discovery and payment capabilities, and help small and medium-sized CPOs establish and manage charging stations more efficiently. Ionage currently operates across more than 70% of India's charging hardware, has onboarded more than 25,000 four-wheeler charging points, supports 63 fleets, and works with more than 75 charging partners.
Why it matters
The funding highlights growing investor interest in interoperability solutions that address India's fragmented EV charging ecosystem, with Ionage targeting a monthly energy throughput of more than 20 million units within 12 months. For CPOs and procurement teams, the platform's asset-light model and national roaming capabilities offer a potential route to expand network reach and improve utilisation without direct infrastructure investment.