What they do : Electronic power converters provide the infrastructure for clean energy use, including renewable energy production, smart power grids, improved building efficiency, and electric vehicles. Ideal Power Converters (IPC) has a patented new power-converter technology, and its products will improve cost efficiency and reliability for a variety of applications.
How we helped : Our primary focus for this deal was to better validate the market opportunity. Although Ideal Power Converters has already begun generating revenue through a licensing agreement with Lockheed Martin, there were several large markets that Ideal Power Converters could target. TVL associates looked at the total size of these markets as well as their competitive landscape.
The latest: IPC has just raised $1 million from the Texas Emerging Technology Fund, and also received funding from Battery Ventures. Having recently installed its first unit at the Austin Convention Center, IPC is hoping trial results will contribute to sales.
For more information, visit
Ideal Power Converters' Website.