General Electric, Northwater Capital, Braemar Energy Ventures and Aster Capital Invest $21 Million in Ioxus

Today, Ioxus announced the closure of its Series B round of financing, which topped off at $21 million from investors including Energy Technology Ventures — A GE-NRG Energy-ConocoPhillips Joint Venture, Northwater Capital, Braemar Energy Ventures and Aster Capital. This round of funding closes at an opportune time for Ioxus, as interest in clean and efficient energy is on the rise, and our ultracapacitors and hybrid capacitors are in greater demand than ever before.

The funding we announced today will support research and development of advances in energy generation products. We’ll also use this round of investment to further expand our sales, marketing and manufacturing operations. That effort is already in process, thanks to the distributor network we recently launched in the Asia Pacific Region. This investment significantly enhances Ioxus’ capability to innovate and distribute, but it also underscores the strong position we enjoy in the market. This $21-million vote of confidence signals our unrivaled leadership in enabling cost-effective, green energy solutions.

Frank Egan of Northwater Capital, which led the round, noted that his firm invests in “game-changing technologies.” We certainly agree that Ioxus fits that description. Our technology is fulfilling the energy storage needs of manufacturers bringing wind turbineshybrid vehicles and other green energy products to market. In the Americas, in Europe and in Asia, consumers and businesses want applications that last longer and make better use of energy resources. We look forward to continuing our success in meeting that demand.

Latest News

  • IOXUS' uSTART® Receives Edison Award for its Engine Enhancement Innovation

    Ioxus, designers and manufacturers of smart power solutions based on its widely used ultracapacitor technology, today announced that it was named a Bronze winner in the Engine Enhancement category of the 2018 Edison Awards. The announcement was made at the Edison Awards Gala in New York City.

    “We are very proud to have received an internationally recognized Edison Award and to be named a winner alongside companies like Mazda Motor Corporation and CFM International, a joint company of GE and Safran Group, for our engine enhancement achievements,” said Mark McGough, CEO and president of Ioxus, Inc. “This award is recognition that uSTART is proving highly reliable and valuable for fleets in the trucking industry. Being recognized with an Edison Award is one of the highest accolades we can receive in the name of innovation.”

    Inspired by Thomas Edison’s persistence and inventiveness, the Edison Awards are judged by a panel of more than 3,000 leading business executives, including past award winners, academics and leaders in the fields of product development, design and engineering. The judges recognize products as true innovations in their category.

    In addition to the Awards Gala, the annual Edison Awards program encompassed a full-day, “Meet the Innovators Forum” and the, “Innovators’ Showcase,” which offered guests a hands-on experience with read more...

©2018 IOXUS Inc | 18 Stadium Circle, Oneonta, NY 13820 • 877-751-4222 • 607-441-3500

Employee Log-in