附近上门

E-mobility tech startup has landed $17 million for its Series B round to help accelerate its integration into auto platforms.

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The company, which makes powertrain products like controllers, motors and battery management systems, wants to speed up the adoption of electric mobility and bring it to the mass market, according to CEO Moran Price.

鈥淭oday I think we see the very strong consensus to electrify anything and go for clean energy and with a very strong (regulatory) force in some places in the world … but it鈥檚 still an early adopter market,鈥� Price said in an interview with 附近上门 News. 鈥淚t鈥檚 still not mass market. And with our technology, which is high performing and affordable, we鈥檙e helping the automotive (companies) remove the cost barrier through technology and enable it to become much more popular and significant.鈥�

IRP Systems, which is based in Israel, was originally founded as a powertrain aerospace company, but quickly pivoted to meet the demand of the automotive industry.

Price called aerospace a 鈥渃hallenging and demanding industry.鈥� Everything on planes has to be compact, lightweight and safe.

鈥淥ur technology evolved to meet those very challenging requirements, some of the best ideas and IT were born in this application. About three years ago we started to see the increasing demand for similar technologies like we developed,鈥� Price said, adding that the company realized what it had developed for aerospace was a good fit for the mobility market.

鈥淚t鈥檚 also helping us that we have a background in safety critical, and reliable systems,鈥� she added.

IRP Systems鈥� technology can be used for items ranging from electric mopeds to electric and hybrid vehicles. Price wouldn鈥檛 disclose which companies IRP Systems counts as customers, but said it鈥檚 working with 鈥渓eading players鈥� in the electric vehicle industry and global vehicle manufacturers.

颁丑颈苍补鈥檚 led the Series B round, which included participation from firms like and .

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