# ION Storage Systems: Semiconductors, Beltsville, United States

> ION Storage Systems: ION Storage Systems, based in Beltsville, Maryland, specializes in the manufacturing of advanced solid-state batteries (SSBs) designed...

Source: https://millionrounds.com/startup/ion-storage-systems (Millionrounds; every figure on the page links to its filing or article)

United States · [Semiconductors startup](https://millionrounds.com/companies)

# 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 reported Last round: Grant

Semiconductors Beltsville, United States

Company summary

- **Founded:** 2019 7 years old
- **Team:** 48 11 to 50 people
- **Funding reported:** $74M in dollars
- **Last round:** Grant Jun 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for ION Storage Systems has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 **$74M** in dollars

Rounds **10**

Last round **Grant**

Last round size **$2.0M**

Last round date **Jun 2024**

Investors listed **11**

## Founders and team

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

**Dr. Greg Hitz** Chief Technical Officer & Founder

**Dr. Eric Wachsman** Executive Chair & Founder

- **Jorge Diaz Schneider** Chief Executive Officer
- **Ravi Abbineni** Chief Financial Officer
- **Dr. Elizabeth Santori** Board Members
- **Dr. Joseph Goodman** Director
- **Mark Fields** Director
- **Todd Crescenzo** Chairman

## On 3 portfolio pages

Investors who name them

- [Volo Earth Ventures](https://millionrounds.com/fund/volo-earth-ventures)
- [Z2Sixty Ventures](https://millionrounds.com/fund/z2sixty-ventures)
- [Leonid Capital Partners](https://millionrounds.com/fund/leonid-capital-partners)

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

hardware clean energy & technology consumers scalable production solid electrolyte innovation low cost per kwh aerospace battery solutions manufacturing battery commercialization battery performance energy storage multilayer cell design high cycle life battery testing environmentally friendly battery technology extreme environment batteries

Built with from their website

Docker Homestead CloudFlare Microsoft Windows LinkedIn Ads PostgreSQL ETQ Reliance QMS Azure Active Directory B2C.NET OpenAI

+8 more

Apple Business Manager Google Cloud Hosting Claude Code CloudFlare CDN BASE Microsoft Azure ABB Robotics Visio

- **Sector:** Semiconductors
- **Industry code:** NAICS 335910, SIC 3691
- **Region:** Maryland
- **Revenue:** $16M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/ion-storage-systems)

## Semiconductors in United States

Startups like it

- [**d-Matrix** Santa Clara · founded 2019 *Raised*](https://millionrounds.com/company/d-matrix)
- [**Celestial AI** Santa Clara · founded 2020 *Raised*](https://millionrounds.com/company/celestial-ai)
- [**Teradar** Boston · founded 2021 *Raised*](https://millionrounds.com/company/teradar)
- [**Terabase Energy** Berkeley · founded 2019 *Raised*](https://millionrounds.com/company/terabase-energy)
- [**Celero Communications** Irvine · founded 2024 *Raised*](https://millionrounds.com/company/celero-communications)
- [**Delos Data** Palo Alto *Raised*](https://millionrounds.com/company/delos-data)
- [**Amogy** New York · founded 2020 *Raised*](https://millionrounds.com/company/amogy)
- [**Ethernovia** San Jose · founded 2018 *Raised*](https://millionrounds.com/company/ethernovia)

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