According to Electrive, Ionetic's software-based solution could increase energy density by as much as 30% and optimize the volume used by the battery pack by 120% compared to other technologies.
When it comes to designing a specific battery pack, the software can create a model in just a few days, reducing research and development time by 90%.
James Eaton, CEO and Co-Founder of Ionetic, stated that "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."
"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 added.
For now, the British EV battery specialist is working with manufacturers that make smaller volumes of EVs, up to 10.000 per year.
"Trucks, buses, construction vehicles, service vehicles and emergency vehicles all need to electrify in the next decade", the CEO explains, adding that his company might be working with "iconic car brands and sports car manufacturers."
Ionetic plans to open the company's first battery-manufacturing facility in 2023, where it will start pilot battery production.
Dr. Monica Marinescu, Co-Founder of Ionetic and Senior Lecturer, Department of Mechanical Engineering, Imperial College London, said that "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."