Ideal Power Inc.

About Ideal Power Inc.

Ideal Power Inc. (IPWR) is a company focused on commercializing an innovative, proprietary semiconductor power switch called B-TRAN(r). Their mission is to provide ultra-low loss bidirectional power semiconductors that significantly improve efficiency and reduce thermal management requirements across various applications.

Products & Services

B-TRAN(r) Semiconductor Power Switch:A proprietary bidirectional power switch offering 50% or more reduction in power losses compared to conventional switches like IGBTs, resulting in higher efficiency, less heat generation, and lower thermal management needs. Applicable in electric vehicles, EV charging, renewables, energy storage, IT infrastructure, and solid-state circuit breakers.

Electric Vehicles Application:B-TRAN(r) can potentially improve EV range by 7-10% by reducing power losses in hybrid and electric vehicles.

EV Charging Application:Reduces losses by approximately 50% compared to IGBT switches, leading to faster charging times and lower consumer costs.

Renewables Application:Increases inverter efficiencies to 99% compared to 97% with IGBT designs, resulting in more usable electricity at lower costs.

Energy Storage Application:Enhances the value of energy storage systems with bidirectionality and higher efficiency for demand charge management and renewable integration.

IT Infrastructure Application:Improves UPS efficiency in data centers, reducing annual electricity costs and cooling system complexity.

Solid-State Circuit Breakers Application:Enables SSCBs with over 50% reduction in conduction losses compared to IGBTs, improving energy transmission economics.

Specialties

Bidirectional Power Semiconductors Ultra-Low Loss Technology Electric Vehicles EV Charging Renewable Energy Energy Storage IT Infrastructure Solid-State Circuit Breakers

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Public Offering T: - FT: Public Offering	A: 15000000 MR: - FA: $15 million FAN: 15000000	D: 2024-03-28 FD: 2024-03-28	1 investors
2	RT: Underwritten Public Offering T: - FT: Underwritten Public Offering	A: 15000000 MR: - FA: $15 million FAN: 15000000	D: 2024-03-25 FD: 2024-03-25	1 investors

Public Offering Latest

2024-03-28

$15.0M

1 investor (Pro only)

Underwritten Public Offering 2024-03-25

$15.0M

View 1 more funding rounds with Pro

Unlock Full Funding History

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

View 3 more growth metrics with Pro

Unlock All Metrics

Mock Up

Team & Leadership

R

R. Daniel Brdar

President, Chief Executive Officer and Director

T

Tim Burns

Chief Financial Officer

Recent News

Ideal Power Inc. Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised