US-headquartered clean-tech startup ION Energy, which builds high performance energy storage systems and electric vehicle infrastructure, has acquired French battery management company, Freemens SAS.
Founded in 2016 by Akhil Aryan, ION Energy creates product and distribution infrastructure for electric vehicles in India, which includes energy storage and a battery management system for the vehicles.
After completing his masters degree from the National Polytechnic Institute of Grenoble, Collet spent two years with his PhD research professor making inventions in power electronics architecture, lithium-ion cell aging factors and state identification. Their innovations and breakthroughs in life extension of lithium-ion batteries led to the founding of Freemens in October 2011.
As part of the cash plus equity transaction, the entire Freemens engineering and sales team will join the core team of ION Energy, a company statement said. ION will also invest into Freemens’ battery management business and grow the portfolio of customers in India, US and other parts of the EU.
Headquartered at Grenoble, France, Freemens provides battery management systems for lithium-ion batteries. Freemens will continue working with their current clients which include Airbus Safran, CarWatt, NTN SNR and over 20 others.
ION Energy had raised an undisclosed amount of angel funding from Haptik founders Aakrit Vaish and Swapan Rajdev, and the chairman of OMC Power and founder of Nippo Batteries Sushill Jiwarajka in May 2017.