ALGOLiON Ltd.

www.algolion.com

Now GM Israel

High-Tech Company

Acquired by General Motors

TECH VERTICALS

Automotive, Battery Tech, Electric Vehicles, Energy Storage, Energy Tech, Monitoring, Software Applications

General Data

Sector	Energy
Company Stage:	Initial Revenues
Established	2014
Number of Employees	6
Reg. Number:	abCDe

DESCRIPTION

ALGOLiON developed a software solution for the EV and other markets that provides the earliest detection of lithium battery fire hazards, warning of explosions days in advance instead of the seconds available now. The software is deployed as SaaS on the cloud for connected vehicles, embedded into the vehicle BMS, or used with inspection instruments and on data via the OBD. AlgoShield provides a complete diagnostic platform for better and more efficient after-market preventive maintenance. It protects people, products and profits. This increases ROI, improves customer satisfaction, and lowers warranty costs and liability exposure.

TECHNOLOGY

Lithium ion batteries can catch fire during normal use and there is no method yet available to predict if and when this may happen. Most lithium-ion battery safety hazards begin as small internal defects that slowly evolve over a period of several weeks without significant warning signs. ALGOLiON addresses this problem with its distinct approach of proactive algorithms (patent protected) that identify hazard risks while the battery is operating safely. The protocols canl be embedded into the circuitry or operating software of battery management, testing and charging equipment to continually interrogate cells during use via existing wiring connections. Our technology is a pure software technique making it simpler, more reliable, and less costly than other methods that use sensors and bulky hardware.

	TARGET MARKETS
	EV manufacturers, auto after-market players, energy storage companies, electronics makers, battery manufacturers, and producers of battery management systems and battery charger systems.

	BUSINESS MODEL
	B2B

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Law Firm
abC Defghij	Accounting Firm
abC Defghij	Patent Attorneys

REMARKS

Date	Remark
30/06/2023	ALGOLiON's new official registered name is Anionz Ltd.

CONTACT INFO

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Main Address: Rehovot, Israel

Address	2 Meir Weisgal Rd., Science Park Rehovot.
City	Rehovot
Country	Israel
Zip	7632605

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Dr. Niles Fleischer	Co-Founder	NanoMaterials (CEO)
Dr. Alex Nimberger	Co-Founder

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Jun. 30, 2023

Initial Revenues

abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

First Round

Jan. 01, 2021

Initial Revenues

abCDe

	R&D Grants

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Round

Date

Stage

Amount

Remarks

R&D Grant

Jun. 01, 2020

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Government Agency	abCDe

R&D Grant

Sep. 01, 2016

R&D

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Bi-Lateral R&D Program	abCDe	Participated in the 8.2M Euro EU H2020 EVERLASTING Electric Vehicle Project

R&D Grant

Dec. 05, 2014

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	R&D Support Program	abCDe

	Non-Equity Assistance

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Date

Stage

Remarks

Non-Equity Assistance

May. 11, 2022

Initial Revenues

Contributor	Type	Amount	Remarks
abC Defghij	Corporate Accelerator	abCDe

Non-Equity Assistance

Dec. 01, 2014

Seed

Participated in Smart Transportation Acceleration Program through EcoMotion Accelerator.

Contributor	Type	Amount	Remarks
abC Defghij	Community	abCDe

Last Updated:	abCDe
IVC Number:	abCDe