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Indy Power Systems
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Short description

Manufacturere of patented energy management, efficiency and storage technology

Founded in 2007
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Company type Private Public ()
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Industry Group energy & power

Sector energy storage

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Indianapolis, IN Indianapolis, United States
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Updated by Todd Colpron at Indy Power Systems on 06/07/2016

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Date Company
05/12/2015

Toyota Toyota

Official Toyota press release and video of the world's first microgrid integrating used car batteries http://pressroom.toyota.com/releases/toyota+sustainable+power+yellowstone+may12.htm

Confirmed by Toyota

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Date Partner Type
05/12/2015
Toyota Toyota
On May 12th, the CEO of Toyota North America commissioned the world's first microgrid integrating used car batteries. Indy Power Systems CEO Steve Tolen flipped the switch on the system as we re-characterized all the batteries and manage the microgrid for the project. Full Toyota press release and a video right side of the page. http://pressroom.toyota.com/releases/toyota+sustainable+power+yellowstone+may12.htm
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Confirmed by Toyota
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Date Investors Type Amount
12/31/2014 (0)
Post-money valuation of
$2.8 raised to date,seeking $5M
Series A $2,800,000
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Multi-Flex Inverter

The industry's first Bi-directional Inverter with independent phase control (of all 3 phases)

Pilot/Early Revenue Products - Retail
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