British start-up Ionetic launches battery design software
The British EV battery startup Ionetic has launched a software-based EV battery pack design platform, which can cut the development cost and time for automotive manufacturers bringing a new electric vehicle to market.
Ionetic states that the software-based platform can boost energy density by 30% and increase utilisation of pack volume by up to 120%, compared to existing off-the-shelf solutions. It can also produce a battery pack design in just a few days, reducing the costs of getting from requirements to mass manufacture by over 90% for automotive OEMs.
“There are many stages needed to get a battery pack into production. Automotive companies need to consider requirements, system design, homologation, embedded control, manufacturing options, and vehicle integration, to name a few,” says James Eaton, CEO and Co-Founder of Ionetic, adding: “These stages are often done by different companies, which can lead to a costly, fragmented process. At Ionetic, we facilitate all these stages, simplifying the process and reducing the cost for EV OEMs.”
He adds that the company is focusing their business model on smaller companies in Europe that make less than 10,000 vehicles per year. “Trucks, buses, construction vehicles, service vehicles and emergency vehicles all need to electrify in the next decade,” he explains. The company is also in talks with “iconic car brands and sports car manufacturers”
Ionetic is planning to open its first UK-based battery manufacturing facility next year, which will enable it to begin pilot production of its own battery pack designs. This will make them the first British manufacturer to offer full battery development “from conceptualisation and prototyping through to homologation and production”.
“The EV battery sector is set to grow 15-30% annually for the next 10 years and so there is a huge opportunity for an agile start-up such as IONETIC. At a time when competition in this space is stronger than ever, it is crucial automotive companies pursue battery technologies that provide a balance between performance, cost reduction and resource optimisation,” adds Dr Monica Marinescu, Co-Founder of Ionetic and Senior Lecturer, Department of Mechanical Engineering, Imperial College London.
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