Ion Storage Systems, a Beltsville, MD-based advanced solid-state battery technologies company, received $10M in debt financing from Leonid Capital Partners.
The company intends to allocate the amount to accelerate its mission to deliver an efficient energy solution through their technology.
ION offers an adaptable solid-state battery solution for a variety of applications including defense and aerospace, consumer, electronics, electric vehicles, and grid storage. The product of a materials-science-based approach, ION’s 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, built with rapidly scalable manufacturing in mind. ION leverages a ceramic cell design that supports the use of current and next-gen cathode chemistries, promoting circularity and recycling, avoiding the issues and challenges of mining, and refining rare earth metals.
These capabilities make the technology usable for defense, aerospace, and other high-demand applications where reliability is essential.
