Ivo
IVO Limited is a U.S. deep-technology company developing two proprietary platforms: the IVO Quantum Drive, a zero-fuel pure electric satellite thruster, and CBAT, a capacitive wireless power technology serving defense, consumer electronics, mining, and space industries.
- Company typePrivate
- Founded2017
- HeadquartersGreenville, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Ivo does
IVO Limited is a U.S. deep-technology company developing two proprietary hardware platforms: the IVO Quantum Drive, a pure electric satellite propulsion system based on quantized inertia principles that delivers 45-52 mN of thrust per watt with zero fuel, and CBAT (Capacitive Based Aerial Transmission), a wireless power technology that uses oscillating electric fields to transfer electrical power through air, walls, water, and other non-conductive materials without ports, pads, or alignment. The Quantum Drive has been validated through thermal vacuum testing at 9x10^-6 Torr (-100C to 100C) and was demonstrated in Low Earth Orbit aboard SpaceX Transporter 8 in June 2023, hosted by partner Rogue Space Systems. CBAT holds a USPTO Notice of Allowance (June 2021) and has demonstrated a 1-hour-20-minute battery-free drone flight, a UL SAR rating of 0, and a 78x efficiency advantage when transferring power through water due to water's dielectric constant.
The company operates a B2B go-to-market spanning four primary verticals: defense (UAV/UGV/UUV contactless charging), consumer electronics (portless multi-device charging), mining and energy (connector-free charging in harsh environments), and space/satellite propulsion. Revenue is generated through Quantum Drive hardware sales to satellite manufacturers, CBAT technology licensing and OEM embedded integration, and pilot program/engineering support services; pricing is quote-based and not publicly disclosed. Distribution is delivered through direct enterprise sales, OEM integration partnerships, and event-driven visibility at conferences such as SATELLITE 2022.
IVO is privately held with co-founders Richard Mansell (CTO/EVP, inventor of CBAT), Daniel Telehey (COO, USMC veteran), and Matthew Silbernagel (CLO), supported by CEO Eric Anderson (30+ years SaaS/emerging tech commercialization at Samsung and Gracenote) and CFO Mike Buiter (former PwC, Dr Pepper executive). The company is headquartered in North Dakota, operates a testing and development site (IVO East), and has raised capital through an SEC Form D exempt securities offering in December 2023 and a $750,000 round in December 2025, with specific investors and valuation not disclosed.
Ivo firmographics
Firmographics- Name
- Ivo
- Legal name
- IVO LIMITED
- Website
- https://ivolimited.us
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- IVO Limited is a U.S. deep-technology company developing two proprietary platforms: the IVO Quantum Drive, a zero-fuel pure electric satellite thruster, and CBAT, a capacitive wireless power technology serving defense, consumer electronics, mining, and space industries.
- Ownership category
- akta.pro rank
Ivo industry classification
Industry- Product category
- Space Propulsion and Wireless Power Technology
- NAICS
- Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415), Guided Missile and Space Vehicle Manufacturing (336414), Aerospace Product and Parts Manufacturing (33641), Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing (334220)
- SIC
- Guided Missiles & Space Vehicles & Parts (3760), Engines & Turbines (3510), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Spacecraft Propulsion (In-Space) & Thrusters (IMABACAE)
Keywords
Where Ivo is headquartered
LocationHeadquarters
- HQ city
- Greenville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Ivo business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales
Revenue model
- CBAT Technology Licensing and OEM Integration: IVO licenses its CBAT wireless power technology to OEM manufacturers for integration into their products. The company offers platform integration and co-development partnerships with industrial OEMs, defense primes, and consumer electronics manufacturers. Revenue is generated through engineering support, pilot programs, and technology licensing fees.
- Quantum Drive Satellite Thrusters: IVO sells its Quantum Drive pure electric propulsion systems to satellite manufacturers and space companies. The company provides propulsion for satellite servicing platforms and offers customer development programs for space technology integration.
- Pilot Programs and Engineering Evaluation: IVO generates revenue through pilot kit sales and engineering support services for qualified partners evaluating the technology. Available for defense OEMs, program offices, and industrial manufacturers.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Ivo product offering
Product offeringCore offering
IVO Limited manufactures and licenses two proprietary hardware technology platforms: the IVO Quantum Drive, the world's first pure electric satellite thruster using zero fuel and quantized inertia, delivering up to 52 mN of thrust per watt; and CBAT (Capacitive Based Aerial Transmission), a wireless power technology that transfers electrical energy through air, walls, water, and non-conductive materials without ports, pads, or alignment, targeting defense, consumer electronics, mining, space, and marine OEMs.
Product overview
IVO Ltd. offers two core technology platforms: the IVO Quantum Drive (world's first pure electric satellite thruster using quantized inertia) and CBAT (Capacitive-Based Aerial Transmission) for wireless power transfer. These technologies share a capacitive-based engineering foundation. The Quantum Drive targets the space propulsion market while CBAT addresses wireless power across defense, consumer electronics, and mining sectors, with application-specific modules tailored to each vertical.
Differentiator
Problem solved
Functional benefit
Brands
- IVO Quantum Drive: The world's first pure electric propulsion technology for satellites, using zero fuel while delivering unmatched efficiency, scalability, and capability to the space industry.
- CBAT (Capacitive Based Aerial Transmission)
Products and services
- IVO Quantum Drive The world's first pure electric propulsion technology for satellites, using quantized inertia to generate thrust from electricity alone with zero fuel. Validated through thermal vacuum testing in Low Earth Orbit environments, achieving up to 52 mN of thrust per watt. Modular design enables scaling across multiple axes for various satellite platforms. Sold to satellite manufacturers and space companies for satellite servicing and orbital operations.
- CBAT (Capacitive-Based Aerial Transmission) Next-generation wireless power technology that transfers electrical power through air, walls, water, and other non-conductive materials without ports, pads, or alignment requirements. Uses capacitive coupling with oscillating electric fields, enabling multi-device power delivery simultaneously. Achieved UL SAR rating of 0 for unparalleled safety. Licensed and integrated into OEM products across defense, consumer electronics, and industrial markets.
- CBAT Defense CBAT module for defense applications enabling contactless power delivery for UAV/UGV/UUV platforms, rugged handhelds, sensors, and facility infrastructure. Supports charging through dust, mud, water, and field contaminants without exposing connectors. Targeted at defense OEMs, system integrators, and government program offices.
- CBAT Consumer Electronics CBAT module for consumer electronics enabling multi-device charging zones, fully sealed water-resistant portless designs, and power delivery through housings, cases, and enclosures without mechanical wear from ports or cables. Targeted at consumer electronics OEMs.
- CBAT Mining
Quantifiable outcome
- Quantum Drive achieves 45-52 mN thrust from single watt of power with zero fuel
- +3 more outcomes
Companies that use Ivo
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles5 records
Ivo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Ivo partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and supporting.
- Rogue Space SystemscoreIVO partnered with Rogue Space Systems to launch the Quantum Drive pure electric satellite thruster into orbit aboard SpaceX Transporter 8 on June 10, 2023. Rogue hosts the Quantum Drive-powered satellite for demonstration and baselining of performance specifications. IVO will provide propulsion for Rogue Orbots supporting satellite servicing operations.
- E-LabssupportingIVO partnered with E-Labs of Fredericksburg, Virginia to validate the Quantum Drive under rigorous thermal vacuum environmental conditions encountered in space. Testing conducted at 9x10^-6 Torr with temperature cycling from -100C to 100C.
- AeronydesupportingIVO collaborated with Edgar Munoz of Aeronyde (commercial drone service provider) for CBAT-enabled drone testing. Test demonstrated drone flying without battery for 1 hour 20 minutes powered entirely by wireless power.
- Local Motors IndustriescoreIVO joined Local Motors Industries hardware development team for Olli 2.0 autonomous bus development. IVO has been part of the LMI community since 2013, supporting multiple development programs. Olli is a fully autonomous, largely 3D-printed vehicle representing modern engineering and forward-thinking design.
- Wireless Research Center of North CarolinasupportingIVO conducted extensive CBAT testing at the Wireless Research Center of North Carolina, demonstrating safe power transmission through water while leaving organic and inorganic compounds unaffected.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Ivo competitors and assessment
Company assessmentBroad incumbents
- Aerojet Rocketdyne (now part of L3Harris): Large incumbent propulsion provider supplying electric and chemical thrusters to defense primes and satellite manufacturers. Competes with IVO across space propulsion customer programs at a much larger scale.
- Rocket Lab: Public space company offering launch services and the Rutherford/Archimedes electric propulsion systems for satellites. An incumbent with broader portfolio that overlaps with the in-space electric propulsion market IVO's Quantum Drive targets.
Emerging players
- Morpheus Space: German startup developing miniaturized electric satellite propulsion with focus on smallsat constellations. Overlaps with IVO's target smallsat electric propulsion customer segment.
- Ossia (Cota): Wireless power startup commercializing RF-based Cota technology for at-a-distance charging. Overlaps with IVO's CBAT vision of cable-free, multi-device power delivery for consumer and industrial use.
- Powercast: RF-based wireless power provider for IoT, sensors and consumer devices. Competes with CBAT in license-driven wireless power for industrial and consumer applications.
Direct peers
- Accion Systems: Boston-based developer of electrospray (ionic liquid) electric propulsion systems for small satellites. Directly comparable to IVO's Quantum Drive as a non-chemical, electric thruster targeting the same smallsat and constellation platforms.
- ThrustMe: French in-space electric propulsion specialist offering ion and electrospray thrusters. Directly competes with the Quantum Drive in the smallsat propulsion category with an emphasis on miniaturized, propellant-efficient systems.
- Phase Four: Developer of RF thruster electric propulsion for small satellites. Sells a competing pure-electric, no-fuel-class thruster into the same smallsat customer base that IVO targets with the Quantum Drive.
- WiTricity: Massachusetts-based wireless power transfer company using magnetic resonance for EV and consumer electronics charging. Direct competitor to CBAT in the wireless power domain with established OEM licensing programs.
- Energous: Public wireless power company using RF-based over-the-air charging. Competes with CBAT for consumer electronics and IoT customers seeking contactless charging, though using a different physical modality.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Ivo social profiles
Digital presenceIvo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ivo leadership team
Management profileNumber of profiles
Profiles6 records
Ivo funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ivo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ivo
What does Ivo do?
IVO Limited manufactures and licenses two proprietary hardware technology platforms: the IVO Quantum Drive, the world's first pure electric satellite thruster using zero fuel and quantized inertia, delivering up to 52 mN of thrust per watt; and CBAT (Capacitive Based Aerial Transmission), a wireless power technology that transfers electrical energy through air, walls, water, and non-conductive materials without ports, pads, or alignment, targeting defense, consumer electronics, mining, space, and marine OEMs.
Is Ivo a public or private company?
Ivo is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ivo founded?
Ivo was founded in 2017. It employs 1 to 10 people.
Where is Ivo based?
Ivo is headquartered in Greenville, United States, in the North America region.
How does Ivo make money?
Three revenue lines are on record. CBAT Technology Licensing and OEM Integration is the primary driver. The others are quantum Drive Satellite Thrusters and pilot Programs and Engineering Evaluation.
Who are Ivo's main competitors?
Broad incumbents on record are Aerojet Rocketdyne (now part of L3Harris) and Rocket Lab. Emerging players are Morpheus Space, Ossia (Cota) and Powercast. Direct peers are Accion Systems, ThrustMe, Phase Four, WiTricity and Energous.
Does Ivo have an API?
No public API is recorded for Ivo.
What industry is Ivo in?
Ivo's product category is Space Propulsion and Wireless Power Technology. Its primary akta.pro industry code is IMABACAE, Spacecraft Propulsion (In-Space) & Thrusters. Its NAICS code is 336415 and its SIC code is 3760.