Indian Energy Storage Startup ION Energy Acquires French Company Freemans SAS

Indian energy storage startup ION Energy has acquired French battery management company Freemens SAS, as part of a cash-and-equity deal. Post acquisition, the entire Freemens engineering and sales team will be joining ION.

Indian energy storage startup ION Energy has acquired French battery management company Freemens SAS, as part of a cash-and-equity deal. Post acquisition, the entire Freemens engineering and sales team will be joining ION.

Freemens will continue working with their current clients which include Airbus Safran, CarWatt, NTN SNR and 20+ others. With the acquisition, ION will invest into this business and grow the portfolio of customers in India, US & other parts of EU.

With this, Freemens SAS founder and CEO Alexandre Collet joined ION as co-founder and VP of Engineering to strengthen the startup’s founding team.

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