Breakthrough Battery Technology Company Ionobell Raises $7.3M Total Seed Funding


The corporate’s silicon-forward batteries present producers with higher vitality at decrease prices

At this time Ionobell, the breakthrough silicon battery expertise firm, introduced that they’ve raised a latest seed extension spherical of $3.9M led by Dynamo Ventures and Vehicles VC bringing the overall quantity of seed funding to $7.3M funding fundraising. The preliminary fairness spherical was led by Vehicles VC, with participation from Dynamo Ventures and Alumni Ventures.

Ionobell has experience in battery materials and cell improvement, together with many years of vitality storage, Li-ion, and manufacturing data and expertise used to develop battery expertise that helps automotive shoppers save as much as $1,200 per automotive.

Historically, constructing batteries is a big, prolonged course of that consumes time, cash, and assets. Many area battery firms are unable to achieve manufacturing scale as a consequence of the price of manufacturing their batteries. The panorama is plagued by failed or failing battery firms, unable to pay billions of {dollars}, a whole lot of applied sciences, and many years of course of improvement time required to attain what may very well be battery manufacturing, thus stifling innovation and leading to your automotive right now nonetheless utilizing the identical battery expertise from 20 years in the past. The one technique to drive main innovation is to create a “drop-in answer”, permitting greater than 100 US battery manufacturing amenities to immediately improve and produce extra nice battery options with out main new capital outlays. Ionobell actively works with the biggest producers within the enterprise to license its battery applied sciences and make them a actuality.

Ionobell’s silicon materials is 500% extra vitality environment friendly than Graphite and with its porous construction, it nonetheless meets the wants of the automotive lifecycle, even in solid-state designs, which may higher vary, sooner charging, and decrease price than present batteries. As well as, Ionobell’s new technique reuses waste supplies to cut back the environmental affect for industrial companions, additional enabling the round economic system.

“Virtually each product we use in our day by day lives, from our telephones to our vehicles to our espresso machines, makes use of batteries,” mentioned Robert Neivert, CEO of Ionobell. “What the common shopper does not notice, nonetheless, is that these batteries are made by means of a bunch of various expertise suppliers and partnerships. At Ionobell, we need to give producers and producers extra nice options for his or her demanding battery prospects. This implies making silicon -forward batteries extra energy-efficient, cost-effective, and a “drop-in answer” with their present course of/gear solid-state and commonplace Li-Ion. We strengthen the expertise that strikes individuals’s lives.”

With this funding, Ionobell plans to develop its manufacturing all through the US, bringing its transformative recycled battery materials to new producers and a wider vary of industries. Presently, they work with many of the world’s largest automotive producers within the US.

“At Dynamo, we consider in investing in the way forward for provide chain and mobility,” mentioned Jon Bradford, Managing Associate of Dynamo Ventures. “Ionobell’s novel battery expertise from recycled supplies can energy expertise in our day by day lives. The affect will not be solely felt within the last merchandise we use but in addition in manufacturing, transportation, and provide chain, successfully from conception to creation to distribution. . In a quest to create a greater, greener world trade, Ionobell is main the cost by actually powering the long run.”

To study extra about Ionobell, please go to https://www.ionobell.com/.



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