Loading organizations...
§ Private Profile · Ness Ziona, Israel
Develops high-performance electric powertrain systems, including controllers, motors, and BMS, for e-mobility platforms.
IRP Systems, based in Ness Ziona, Israel, develops high-performance electric powertrain systems, including controllers, motors, and battery management systems, for various e-mobility platforms. Initially focused on aerospace powertrain, the company strategically pivoted to the automotive sector, providing cost-effective solutions for electric vehicles ranging from two-wheelers to light commercial trucks. The company has successfully raised $57 million in total funding, including a $31 million Series C in 2021, and maintains a team of approximately 70 employees. Notable investors include Fosun RZ Capital, Clal Insurance, Altshuler Shaham, Samsung Ventures, and Entrée Capital, with Renault listed as a recognized customer. IRP Systems was founded in 2008 by Moran Price and Paul Price. Its business model centers on sells powertrain products to EV manufacturers, funded through venture capital rounds.
IRP Systems has raised $51.0M across 3 funding rounds.
IRP Systems has raised $51.0M in total across 3 funding rounds.
IRP Systems has raised $51.0M across 3 funding rounds. Most recently, it raised $31.0M Series C in April 2021.
IRP Systems is a technology company specializing in high-performance electric powertrain systems for a wide range of electric mobility platforms. Their products focus on delivering efficient, customizable, and cost-effective e-powertrain solutions that enhance electric vehicle (EV) performance and accessibility. Serving primarily the e-mobility industry, IRP Systems targets OEMs and vehicle manufacturers, enabling powerful and affordable electric vehicles across various segments, including last-mile transportation. The company’s solutions improve energy efficiency and driving experience, supporting the global shift toward sustainable mobility[1][2][3].
Founded in 2011 in Israel, IRP Systems was established with a vision to accelerate the electrification of mobility worldwide. The company’s founding team, including CTO and co-founder Paul Price, brought deep expertise in control algorithms and powertrain engineering to solve complex challenges in EV technology. Early milestones included serial production starting in 2013 and the development of proprietary HMX technology by 2015. Strategic partnerships with industry leaders like Bosch and Mahindra have marked pivotal moments, enabling global expansion and mass production of their advanced motor controllers[1][2][4].
IRP Systems rides the accelerating trend of electrification in transportation, driven by urgent global climate goals and increasing regulatory pressure to reduce emissions. Their timing is critical as demand for affordable, efficient EV powertrains grows across urban mobility, last-mile delivery, and personal transport sectors. Market forces such as rising fuel costs, urbanization, and government incentives favor scalable e-mobility solutions. IRP’s technology influences the ecosystem by enabling OEMs to bring advanced electric vehicles to market faster and more cost-effectively, thus expanding EV adoption worldwide[2][3][4].
Looking ahead, IRP Systems is poised to expand its global footprint and deepen its impact on the EV market through continued innovation in AI-driven powertrain control and further strategic partnerships. Trends such as AI integration, software-defined vehicles, and sustainable manufacturing will shape their trajectory. As electric mobility becomes mainstream, IRP’s influence will likely grow, helping to democratize access to clean transportation and accelerate the transition to a low-carbon future[2][3][6]. Their ongoing commitment to efficiency and adaptability positions them as a key enabler in the evolving electric vehicle landscape.
IRP Systems has raised $51.0M in total across 3 funding rounds.
IRP Systems's investors include Altshuler Shaham, Clal Insurance, AngelList, Cathay Innovation, Cyberstarts VC, DST Global, Eclipse Ventures, Entrée Capital Ventures, Founders Fund, Fuel Ventures, Greycroft, Bernardo Hernandez.