Leonid Capital Partners Invests $10M in Ion Storage Systems
Slice of Energy Team
Nov 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
Quotes
“ “Their innovative technology aligns with Leonid’s commitment to supporting solutions that advance sustainability, reliability, and operational excellence across critical sectors.” ”
Chris Lay, Co-founder & CEO at Leonid Capital Partners
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.
