iPower
Rancho Cucamonga, California, United States · Farming, Manufacturing, Other
iPower Inc. is a tech and data-driven online retailer and supplier of consumer home, pet and garden products, as well as a provider of value-added ecommerce services for third-party products and brands. iPower's capabilities include a full spectrum of online channels, robust fulfillment capacity, a network of warehouses serving the U.S., competitive last mile delivery partners and a differentiated
Key facts
- Headquarters
- Rancho Cucamonga, California, United States
- Employees
- Unknown
- Industries
- Farming, Manufacturing, Other
- Status
- Public (IPW)
- Website
- www.meetipower.com
Recent activity at iPower
- : SEC 8-K (8.01): On October 15, 2026, iPower Inc. announced via press release that its subsidiary, iPower AI LLC, has received a customer-signed, non-binding letter of intent for a five-year AI equipment services and management relationship. This proposed engagement is a significant milestone in iPower's transformation into an AI infrastructure and services company, highlighting the firm's strategic direction towards AI innovations. The announcement reflects a commitment to enhance their service offerings and indicates potential future growth and revenue generation within the AI sector.
- : SEC 8-K (5.07): On September 21, 2026, iPower Inc. held a special meeting of stockholders where three proposals were put to vote, including a significant stock offering proposal. This proposal was approved, allowing the company to issue up to $10,000,000 of common stock in either private placements or public offerings, addressing compliance with Nasdaq Listing Rule 5635(d). A total of 6,427,376 votes were eligible, with 2,322,467 shares voted, reflecting 36.13% participation. This approval has potential strategic implications for funding and capital structure of the company, facilitating future growth initiatives.
- : SEC 8-K (1.01): On September 15, 2026, iPower Inc. announced an additional optional closing under a Securities Purchase Agreement originally dated December 22, 2025. The Company agreed to an up to $30,000,000 senior secured convertible note facility, of which the most recent closing involved $5,184,024 in principal amount of series A senior secured convertible notes and $1,815,976 in principal amount of series B senior secured convertible notes. The notes were issued in reliance on private placement exemptions under the Securities Act. This strategic agreement indicates continued financial support from institutional investors, allowing the Company to further enhance its capital structure and develop its growth initiatives.
- : SEC 8-K (7.01): On August 5, 2026, IPOWER, INC. announced a Reverse Stock Split via a press release. The disclosure, filed under Item 7.01 of Form 8-K, highlights the company's efforts to adjust its stock structure but does not indicate any material changes to financial obligations or active agreements. The attached press release, designated as Exhibit 99.1, provides further insights into the rationale behind the stock split and its strategic implications for stakeholders. While the filing is compliant with Regulation FD, it clarifies that this information shall not be deemed 'filed' for liability under the Securities Exchange Act.
- : SEC 8-K (8.01): On July 23, 2026, iPower Inc. announced a non-binding letter of intent to lease dedicated high-performance GPU computer systems to a prospective customer. This Agreement indicates a strategic move towards expanding their technology services. The publication of this press release under Item 8.01 may signify important future revenue potential for the company, although the terms of the lease have not been finalized yet. The event date is significant as it indicates the company's ongoing efforts to secure business relationships in the tech industry.
- : SEC 8-K (1.01): On July 21, 2026, iPower Inc. entered into a Joinder to Guaranty under its existing Securities Purchase Agreement dated December 22, 2025, with an institutional investor. This agreement allows certain subsidiaries, including the newly formed iPower AI LLC, to provide a guaranty in favor of the investor. The financial details involve a potential up to $30,000,000 note facility, with an initial closing of $5,184,024 for Series A senior secured convertible notes. The move aligns with strategic efforts to establish a focus on artificial intelligence within the company's operational structure.
- : SEC 8-K (8.01): On July 15, 2026, iPower Inc. announced plans to evaluate potential expansion into the AI infrastructure hardware sector. This includes possible acquisition or financing of AI hardware and related infrastructure assets. The decision reflects a strategic initiative to tap into the growing demand for AI technologies and resources. Details of this announcement were provided in a press release attached as Exhibit 99.1.
- : SEC 8-K (1.01): On July 6, 2026, iPower Inc. entered into an amendment (Amendment No. 1) to its Securities Purchase Agreement with an institutional investor to facilitate an Additional Optional Closing, allowing for an additional funding of $2,000,000. This closing followed the investor's notification to execute this option. During the closing, iPower received $1,880,000 after fees in exchange for issuing a $2,000,000 aggregate principal amount of Series A senior secured convertible notes. The notes are convertible at a fixed price of $2.39 per share, representing a 20% premium over the stock's closing price on July 2, 2026, highlighting the company’s strategy to leverage funding while mitigating conditions attached to the proceeds. The transaction evidences the company's active engagement in managing financial resources through equivalent fundraising efforts amid the backdrop of their secured convertible debt issuance.
- : SEC 8-K (1.01): On June 30, 2026, iPower Inc. entered into a supplement to its previously established supply and distribution agreement with Global Product Marketing, Inc. and ETTS AI Investment LLC. Under this new Supplement, Global Product Marketing assumed liabilities amounting to $2,007,366.86, by taking over an equivalent inventory while releasing both parties from exclusive obligations under the original agreement. This strategic move aims to optimize iPower's supply chain and alleviate financial burdens associated with accounts payable, enhancing its operational flexibility going forward.
- : SEC 8-K (8.01): On June 4, 2026, iPower Inc. announced via a press release the completion of an initial purchase of approximately $1 million worth of USDai, which is the synthetic dollar linked to the USD.AI protocol. This strategic move is part of the Company’s investment strategy into AI infrastructure, with plans to stake the acquired USDai into sUSDai, USD.AI’s yield-bearing token. The decision reflects iPower's commitment to leveraging emerging technologies for future growth.
iPower funding history
| Date | Round | Amount |
|---|---|---|
| Jan 2026 | Venture | $5.2M |
| Feb 2021 | Venture | $3.0M |
| Jan 2021 | Venture | $5.2M |
Leadership
- Chenlong Tan, Executive Officer, Director
- Allan Huang, Director
- Kevin Vassily, Executive Officer
Verified email and direct lines for iPower’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
iPower files 1 employee benefit plan with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
iPower in the news
- iPower Inc. (IPW) Company Information - Simply Wall St (Mar 19, 2023)
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About iPower: questions and answers
What does iPower do?
iPower Inc. is a tech and data-driven online retailer and supplier of consumer home, pet and garden products, as well as a provider of value-added ecommerce services for third-party products and brands. iPower's capabilities include a full spectrum of online channels, robust fulfillment capacity, a network of warehouses serving the U.S., competitive last mile delivery partners and a differentiated
Where is iPower headquartered?
iPower is headquartered in Rancho Cucamonga, California, United States.
Has iPower raised funding?
Yes. Fundz has recorded 3 funding events for iPower. The most recent, $5.2M, was in Jan 2026.
What is the latest news on iPower?
On Oct 15, 2026, SEC 8-K (8.01): On October 15, 2026, iPower Inc. announced via press release that its subsidiary, iPower AI LLC, has received a customer-signed, non-binding letter of intent for a five-year AI equipment services and management relationship. This proposed engagement is a significant milestone in iPow
Is iPower a public company?
Yes. iPower is publicly traded under the ticker IPW.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy