Ion Storage Systems, a Beltsville, MD-based superior solid-state battery applied sciences firm, obtained $10M in debt financing from Leonid Capital Companions.
The corporate intends to allocate the quantity to speed up its mission to ship an environment friendly power answer by their expertise.
ION presents an adaptable solid-state battery answer for quite a lot of purposes together with protection and aerospace, shopper, electronics, electrical autos, and grid storage. The product of a materials-science-based method, ION’s patented solid-state lithium metallic expertise can supply a battery with out cobalt, nickel, and different much less sustainable supplies providing a variable structure of revolutionary 3-D, ceramic construction, constructed with quickly scalable manufacturing in thoughts. ION leverages a ceramic cell design that helps the usage of present and next-gen cathode chemistries, selling circularity and recycling, avoiding the problems and challenges of mining, and refining uncommon earth metals.
These capabilities make the expertise usable for protection, aerospace, and different high-demand purposes the place reliability is crucial.
FinSMEs
13/11/2024
