Antares Ventures is proud to announce its participation in IONATE’s oversubscribed $17 million Series A funding round, alongside AlbionVC, IQT, JGC MIRAI Innovation Fund, and Santander InnoEnergy Climate Fund. The investment will support the growth of IONATE’s transformative smart grid technology, which promises to revolutionize energy infrastructure globally.

IONATE, a deep-tech innovator, has developed the Hybrid Intelligent Transformer (HIT) and the Aurora Platform—cutting-edge solutions designed to optimize power flow and integrate renewable energy into power grids. As energy systems across the world struggle to keep up with the demands of modern energy needs and decarbonization, IONATE’s technology offers a much-needed solution.

Michael Gryseels, Managing Partner at Antares Ventures, said,
“We are thrilled to partner with IONATE and support its expansion to Asia’s growth markets and unlock its potential to transform Asia’s power infrastructure with ground-breaking technology that makes electricity grids smarter, more resilient, and ready for the renewable future.”

Matthew Williams, IONATE’s Founder & CEO, said
“The IONATE team builds extraordinary tech with extraordinary timing. Just as national networks, industrial players and data centers realised how much of their progress depended on modernising their electrical infrastructure, we are ready to help them do exactly that. Resiliency, flexibility, and efficiency are key for our energy systems, and IONATE is uniquely positioned to strengthen all three. We are so excited to have some of the strongest VCs and strategic partners in our corner to realise this impact and begin transforming power globally.”

IONATE’s HIT replaces outdated transformers with smart alternatives that can detect and resolve power disturbances in real-time. With AI-driven control through the Aurora platform, IONATE’s technology is positioned to enable more efficient, resilient, and sustainable energy systems.

As the company expands into key markets, including Portugal, Spain, and the U.S., this funding will enable IONATE to scale its technology and continue its mission to modernize energy grids worldwide, especially in Asia’s rapidly growing economies.

About IONATE
IONATE is building the hardware-software backbone for smart grids. Its proprietary Hybrid Intelligent Transformer (HIT) replaces transformers with a smart equivalent, integrating high-fidelity data and precise control of voltages, harmonics, and reactive power all in one. This makes the HIT a Swiss Army knife for stabilizing power flows across grids, power generation, industrial assets, and data centers, while also lighting up real-time control nodes. Coordinated by IONATE’s AI-enabled software, they turn the passive, old grid into the smart decentralized energy platform we need for the 21st century.

A grid with IONATE’s tech can, on average:
1. Handle 33% more distributed energy resources (DERs like solar, EVs, heat pumps, etc.)
2. Carry 25% more power without upgrading poles and wires
3. Reduce wasted power by 6%

To learn more about this announcement and IONATE’s innovative smart grid solutions, visit IONATE website.