IRP is a leading electric powertrain systems supplier specializes in high-power electric powertrain systems for a variety of e-mobility platforms.
IRP's goal is to make electric mobility technology affordable for the mass market and accelerate its adoption worldwide.
IRP Systems was founded in 2015 by Moran Price. The coompany is headquartered in Ness Ziona, Ness Ziona, Israel.
IRP leverages breakthrough technology in control algorithms and powertrain design to reach an unprecedented level of efficiency, in full compliance with mass-production practices. Its product TrueDrive offers high performance, a unique driving experience and advanced functionality, while being cost-effective.
IRP supplies a whole host of EV manufacturers, including Renault. Its electric powertrain claims to have a high performance and efficiency while reducing the weight, size and overall cost of the powertrain in electric vehicles of several sizes.
IRP is backed by Fosun Clal Insurance, RZ Capital, JAL Ventures, Samsung Ventures, Entrée Capital, Altshuler Shaham. The company raised $31M in Series C round on Apr 28, 2021. This brings IRP's total funding to $57M to date.