Company Overview
Snapshot
Founded in January 2008 by Moran Price and Paul Price, IRP Systems operates with 51–200 employees. The company has raised a total of $57 million across 4 funding rounds from 11 investors.
Business overview
IRP Systems specializes in developing electric powertrain systems, focusing on making electric mobility technology more affordable and accessible to a broad consumer base. The company leverages advanced control algorithms and powertrain design to optimize efficiency and performance. Its product portfolio, including the Evver line, supports various e-mobility platforms, delivering high performance and advanced functionality while maintaining cost-effectiveness. IRP Systems operates within the Automotive & Mobility Technologies sector, with a strong emphasis on Electric Mobility & Alternative Fuels and Eco-Efficient Electric Vehicle Infrastructure & Platforms.
Strategic signal
In September 2023, IRP Systems expanded its operations in India, accelerating local mass production capabilities. This strategic move signals the company's commitment to global market penetration and localized manufacturing, which is crucial for scaling its e-powertrain solutions and addressing the growing demand for electric vehicles in emerging markets.
Log in to access full profile ›Company Intelligence Q&A
- Which investors participated in the Series C funding round?
- In April 2021, IRP Systems received Series C funding from investors including Entrée Capital and Clal.
- What strategic partnership did IRP Systems announce in early 2022?
- In January 2022, IRP Systems partnered with Bosch to mass-produce controllers for the electric personal mobility market, integrating IRP Systems' technology into Bosch's vehicle systems.
- What was a significant partnership for IRP Systems in the Indian market?
- In July 2021, IRP Systems partnered with Sona Comstar to produce electric two-wheeler and three-wheeler powertrains, targeting the Indian market.