Ioncore valuation, proof points, and investor-ready storyline.

Executive snapshot

Ioncore is building a magnetic inertia platform with energy storage, propulsion, cooling, and surveillance solutions. Materials position the brand as a resilient, ultra-efficient alternative to conventional storage and backup power while acknowledging current pre-production status and a staged certification journey.

• Promise: 98–99% round-trip efficiency, long life, and grid independence for critical operations. fundraising.html#L27-L135
• Readiness: Patent-pending systems; no live-deployment certifications yet; performance data primarily lab and simulation-based. industrial.html#L446-L470
• Value lens: Large TAMs (storage, UPS, EV charging) with blended revenue—hardware sales, PPAs/leases, services, and licensing, anchored by a common rotor/control platform for multiple end-markets. fundraising.html#L58-L114

Fundraising snapshot

Headline raise details and traction highlights from the fundraising brief, refreshed to reflect a USD 34 million raise at a USD 250 million valuation.

Value proposition

• Ultra-high efficiency: Magnetic inertia storage with near-zero degradation over time. fundraising.html#L30-L36
• Grid independence: Seamless backup or off-grid operation to avoid downtime. fundraising.html#L32-L35
• Modular & scalable: Configurable from residential-scale to multi-MW industrial systems. fundraising.html#L32-L35
• Environmental leadership: Designed for substantial CO₂ reduction and compliance with green-building certifications. fundraising.html#L34-L36

Fundraising ask

• Total raise: USD 34 million at USD 250 million valuation.
• Component raises: USD 10 million for Holophone commercialization, USD 24 million for Ioncore Energy Developments (research, certification, and manufacturing readiness). holophone.html fundraising.html#L37-L55
• Use of proceeds: Scale manufacturing, launch pilot projects, accelerate R&D, and secure patents across storage, propulsion, and sensing products. fundraising.html#L39-L41
• Target close: Q4 2025 with milestone-based tranches for each product line.

Traction & milestones

Capital stack aligned to product lines

The USD 34 million raise is built to reinforce the platform narrative at a USD 250 million valuation while assigning clear ownership to each product vertical.

Company story & proof progression

A concise view of how Ioncore moves from lab work to scalable deployments while retaining platform upside.

• Origin & IP
  • Magnetic inertia core conceived for ultra-efficient storage with regenerative cooling pathways; patent filings in motion across rotor geometry, control electronics, and hybrid storage stacks. fundraising.html#L178-L190
  • Reference brochures show consistent rotor + controls architecture reused across storage, propulsion, and sensing applications. index.html#L41-L140
• Build milestones
  • Bench prototypes validated for efficiency and thermal stability; cryogenic and cooling subsystems outlined for next-gen builds. fundraising.html#L37-L55 industrial.html#L446-L470
  • Fieldable pilot units and certification test articles are the next gating deliverables, tied to the current raise.
• Market validation
  • Healthcare/data-centre UPS and EV charging selected as first serviceable markets with clear uptime economics and PPA potential. fundraising.html#L58-L114
  • Brochures for aviation propulsion and surveillance create optionality but remain pre-certification.
• Governance & risk controls
  • Milestone-based capital deployment, third-party testing, and export-control reviews to de-risk dual-use tech.
  • Quality and cybersecurity baselines (ISO/AS/IEC frameworks) slated for pilot-ready phase.

Portfolio at a glance

Brochures span multiple verticals, signaling a platform play but also highlighting focus risk until core tech is validated.

• Energy storage & cooling
  • Magnetic inertia storage, hybrid flywheel + battery, cryogenic cooling subsystems. index.html#L41-L140
  • High-efficiency claims with pending UL 9540/CE/CSA certifications. fundraising.html#L178-L190
• Propulsion
  • Magnetic Inertia Jet Engine with regenerative power recovery and thrust targets for UAV to hypersonic envelopes. Magnetic Inertia Jet Engine.html#L35-L120
  • Requires FAA/EASA certification path; currently in concept/lab validation stage. industrial.html#L446-L470
• Surveillance & controls
  • Sentinel multi-cam AI, neural consoles, and integrated node systems for monitoring and control. index.html#L100-L133
  • Cybersecurity posture and compliance frameworks not yet detailed in brochures.

Business model architecture

How Ioncore monetizes the platform while retaining flexibility across energy, propulsion, and sensing verticals.

• Hardware & project sales
  • One-time unit sales for 100 kW–1 MW storage blocks with margin uplift through proprietary rotors and controls.
  • Integrated turnkey projects (storage + cooling + controls) for hospitals, data centres, and industrials. fundraising.html#L58-L114
• Recurring energy revenues
  • Power purchase agreements (USD 1.80–2.50/kWh) and availability-based leases with uptime SLAs. fundraising.html#L115-L125
  • Monitoring, maintenance, and predictive analytics subscriptions layered on deployed assets.
• Licensing & JV structures
  • Regional OEM licensing for propulsion and surveillance modules with minimum annual royalties.
  • JV or franchise-style deployments with local integrators to accelerate certification and localization.
• Data & assurance services
  • Performance reporting, cyber-hardening packages, and ESG alignment services tied to regulatory filings.
  • Premium support tiers bundled with software updates and firmware safety interlocks.

Readiness checklist

Key steps to move from lab validation to pilot-grade deployments.

• Verification & validation
  • Structured test matrices for storage (UL 9540/9540A, IEEE 1547.1) and propulsion (DO-160/DO-178/DO-254 equivalents).
  • Accredited lab testing for efficiency, safety, and endurance.
• Certification pathway
  • Map sector requirements (UL/CE/CSA for storage; FAA/EASA for propulsion) with timelines and responsible owners.
  • Export-control review (ITAR/EAR) for defense-adjacent propulsion modules.
• Quality & supply chain
  • QMS aligned to ISO 9001/AS9100; supplier qualification for superconducting materials and precision machining.
  • Reliability engineering (HALT/HASS) and documented MTBF/MTTR expectations.
• Cyber & control hardening
  • IEC 62443/ISO 27001 baselines, secure OTA updates, audit logging, and safety interlocks for connected dashboards.

Market & valuation framing

High-level economics and investor narrative built around the magnetic inertia platform, emphasizing platform reuse, capital efficiency, and regulatory progress as valuation levers.

• Target markets
  • Grid storage, healthcare/data-centre UPS, EV charging; TAMs cited at USD 500B (storage), USD 40B (UPS), USD 30B (EV charging). fundraising.html#L58-L67
  • Initial serviceable focus on ~USD 5B healthcare/data-centre segment. fundraising.html#L58-L67
• Revenue levers
  • Hardware sales, PPAs/leases, monitoring & service contracts, and technology licensing. fundraising.html#L107-L114
  • Illustrative pricing: USD 120k (100 kW) to USD 1M (1 MW) with PPA rates of USD 1.80–2.50/kWh. fundraising.html#L115-L125
• Capital & milestones
  • USD 34M raise at USD 250M valuation, staged by product: Holophone (USD 10M) plus Ioncore Energy Developments (USD 24M across storage, propulsion, surveillance, and industrial machines). fundraising.html#L37-L55 holophone.html Magnetic Inertia Jet Engine.html
  • Five-year outlook: USD 50M revenue, ~25% EBITDA, break-even by mid-Year 3; exit options include OEM M&A or IPO post-USD 100M revenue. fundraising.html#L154-L219

Investment models & valuation logic

Investor-aligned pathways that map capital to milestones and valuation triggers.

• Raise structure
  • Current: USD 34M platform raise at USD 250M valuation, staged across Holophone (communications), magnetic inertia energy products, aircraft engine integration, and surveillance consoles. fundraising.html#L37-L55
  • Preferred equity with 1–1.5x non-participating liquidation preference; board seat plus information rights.
• Valuation approach
  • Blended method using forward revenue multiples (3–5x Year 3), strategic premium for IP, and milestone discounts.
  • USD 250M pre-money assumption supported by multi-vertical product line, deeptech IP portfolio, and optionality across storage, propulsion, communications, and sensing. fundraising.html#L154-L219
  • Risk-adjusted dilution modeled at each certification gate (UL/CE/CSA, aviation) to align investor upside.
• Milestone triggers
  • Pilot validation: first healthcare/data-centre uptime report unlocks next tranche at pre-agreed step-up.
  • Certification progress and patent issuances drive valuation resets and expand licensing optionality.
• Exit pathways
  • Strategic M&A by grid storage OEMs, aviation integrators, or industrial automation players once USD 50–100M revenue is visible. fundraising.html#L154-L219
  • IPO optionality post-profitability with platform narrative across storage, propulsion, and sensing.

High-conviction valuation argument

Why the platform merits a USD 250 million valuation while absorbing USD 34 million of growth capital.

• Platform reuse across machines: The magnetic inertia core, cooling subsystems, and control software appear in energy storage blocks, the Magnetic Inertia Jet Engine, Holophone hardware, and Sentinel control nodes, creating shared tooling and IP leverage. Magnetic Inertia Jet Engine.html Magnetic Inertia Power System.html holophone.html
• Clear capital map: USD 10M Holophone raise accelerates a revenue-ready communications device, while USD 24M fuels research, certification, and manufacturing for generators, hybrid flywheels, aircraft propulsion, surveillance, and industrial cooling rigs.
• Certification-driven step-ups: UL/CE/CSA progress for storage and aviation certification for the jet engine create defensible valuation step-ups tied directly to the capital stack.
• Pipeline diversity: Energy (industrial & healthcare UPS), propulsion (aircraft engine), communications (Holophone), and sensing (Sentinel) produce multiple shots on goal while relying on the same rotor + controls stack.

What to watch next

Proof points that convert the Ioncore story from high-potential to bankable.

• Independent pilot results (efficiency, uptime, safety) across healthcare/data-centre and aviation testbeds.
• Certification progress and published timelines for UL/CE/CSA and aviation pathways.
• Documented QMS, qualified suppliers, and reliability metrics for production-intent units.
• Clarified IP posture (filed/granted status, jurisdictions) and export-control clearances.