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IONATE raises £14m Series A led by AlbionVC to modernise electrical grids with smart transformers

5 Feb 2025

IONATE raises £14m Series A led by AlbionVC to modernise electrical grids with smart transformers

IONATE builds smart transformer technology and grid software that modernises electrical infrastructure, giving utilities and data centres greater control, efficiency and real-time visibility.

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IQT

Investment Portfolio

IONATE raises £14m Series A led by AlbionVC to modernise electrical grids with smart transformers

More venture news

Valarian raises a £37m Series A round led by NEA to provide sovereign control over AI workloads

Gridcog secures £7m in a Series A round led by ABB for its energy flexibility modelling platform

Velocity announces £28m Series A led by Dragonfly and FirstMark for stablecoin treasury and settlement infrastructure