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Leonid Capital Partners Invests $10M in Ion Storage Systems
Slice of Energy Team
November 18, 2024
Key Highlights:
Leonid Capital Partners invests $10M in Ion Storage Systems to drive innovation in solid-state battery technology.
ION’s patented bi-layer ceramic electrolyte eliminates flammability risks and enhances energy density.
Targeting high-demand sectors: defense, aerospace, and grid storage.
Scalable, anode-free design reduces production costs and enhances safety.
Source: Business Wire
Notable Quotes:
“Their innovative technology aligns with Leonid’s commitment to supporting solutions that advance sustainability, reliability, and operational excellence across critical sectors.”
“Our partnership with Leonid Capital Partners strengthens our ability to execute our technical and commercial roadmaps and deliver ION’s technology to the market.”
Our Take:
This strategic investment by Leonid Capital Partners underscores the growing importance of non-dilutive funding in driving innovation for critical sectors. ION’s solid-state battery technology is a significant step forward in addressing the challenges of energy safety, sustainability, and efficiency. Its compatibility with current and future cathode chemistries and scalable design positions it as a disruptive force in the battery market, especially for industries like defense and aerospace where reliability is non-negotiable.