United States · Semiconductors startup

ION Storage Systems

ION Storage Systems, based in Beltsville, Maryland, specializes in the manufacturing of advanced solid-state batteries (SSBs) designed for high energy density and fast charging.

Funding reportedLast round: Grant

SemiconductorsBeltsville, United States

About ION Storage Systems

ION Storage Systems, based in Beltsville, Maryland, specializes in the manufacturing of advanced solid-state batteries (SSBs) designed for high energy density and fast charging.

The company aims to transition solid-state battery technology from the lab to commercial applications, with a focus on scalable production. ION has established one of the largest SSB manufacturing facilities in the U.S., with plans to significantly increase production capacity over the coming years. The company's flagship product, the CornerstoneTM Cell, is engineered for compact, high-performance applications, making it suitable for consumer electronics like smartphones and laptops, as well as for electric vehicles and renewable energy storage solutions. ION's innovative bi-layer cell design utilizes three-dimensional ceramics, enhancing safety and durability while eliminating the need for critical raw materials. With strong backing from prominent venture capital investors, ION is positioned to lead advancements in energy storage technology across various sectors, including defense, aerospace, and industrial automation.

What company datasets say ION Storage Systems raised

Funding, as reported

Reported in all$74Min dollars
Rounds10
Last roundGrant
Last round size$2.0M
Last round dateJun 2024
Investors listed11

Founders and team

From ION Storage Systems's own website: 2 founders, 6 on the team.

Dr. Greg HitzChief Technical Officer & Founder
Dr. Eric WachsmanExecutive Chair & Founder
  • Jorge Diaz SchneiderChief Executive Officer
  • Ravi AbbineniChief Financial Officer
  • Dr. Elizabeth SantoriBoard Members
  • Dr. Joseph GoodmanDirector
  • Mark FieldsDirector
  • Todd CrescenzoChairman

On 3 portfolio pages

Investors who name them

Each firm lists ION Storage Systems on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

hardwareclean energy & technologyconsumersscalable productionsolid electrolyte innovationlow cost per kwhaerospace battery solutionsmanufacturingbattery commercializationbattery performanceenergy storagemultilayer cell designhigh cycle lifebattery testingenvironmentally friendly battery technologyextreme environment batteries

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Sector
Semiconductors
Industry code
NAICS 335910, SIC 3691
Region
Maryland
Revenue
$16M a year, as listed
Full record
Every detail in the company directory

Semiconductors in United States

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