ION Storage Systems, a Beltsville, MD-based provider of solid-state battery solution for a variety of applications, received an investment from Nova by Saint-Gobain.
The amount of the deal was not disclosed.
The company intends to use the funds to expand innovation in essential battery technologies, accelerate its growth and expand operations.
Led by CEO Ricky Hanna, ION offers an adaptable solid-state battery solution for a variety of applications including defense and aerospace, consumer electronics, electric vehicles, and grid storage. Its patented solid-state lithium metal technology can offer a battery without cobalt, nickel, and other less sustainable materials offering a variable architecture of revolutionary 3-D, ceramic structure. ION leverages a ceramic cell design that supports the use of current and cathode chemistries, promoting circularity and recycling, avoiding the issues and challenges of mining, and refining rare earth metals.
FinSMEs
21/12/2023