# Ion Storage Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ion-storage-systems

- Industry: Energy Storage & Batteries
- Headquarters: Beltsville, US
- Website: www.ionstoragesystems.com
- Total disclosed funding: $24M
- Latest round: Series A (Apr 28, 2023)
- Investors on record: 11

## About

Ion Storage Systems, Inc. is a pioneering developer of innovative solid-state lithium metal batteries, designed to enhance safety and performance for various energy storage applications.Founded in 2015 in Beltsville, US, Ion Storage Systems, Inc. specializes in advanced battery technology. The company has successfully raised USD 15.60 mn in its latest funding round, Series A, which occurred on November 13, 2024, with investors including Alsop Louie Partners and Toyota Ventures. Founded by Eric Wachsman and Gregory Hitz, the company primarily operates from its headquarters in Beltsville and has completed a total of 6 deals.Ion Storage Systems focuses on developing advanced solid-state lithium metal batteries featuring a patented nonflammable ceramic structure that combines safety and performance. Their flagship product utilizes a sponge-like ceramic architecture layered over a thin, dense separator, enhancing thermal stability and energy density. This technology caters to the growing demand for safe energy storage in electric vehicles, consumer electronics, and renewable energy sectors, targeting markets in North America, Europe, and Asia.Ion Storage Systems generates revenue through direct B2B sales of its solid-state battery technology, primarily to manufacturers in the automotive and consumer electronics industries. The company tailors pricing strategies for bulk orders, reflecting the technological advantages of its products, and may engage in joint ventures to expand its market reach.In November 2024, Ion Storage Systems, Inc. secured USD 10 mn in venture debt funding from Leonid Capital Partners, which will be utilized to further develop their energy solution technologies. The company is focused on launching new products aimed at enhancing electric vehicle performance and expanding into additional markets across Europe and Asia by 2025.

## Funding rounds

- Series A, Apr 28, 2023 — Alumni Ventures Group
- Series A, May 26, 2022, $16M — Alsop Louie Partners, Tenaska Energy, Alumni Ventures Group, University of Maryland, Toyota Ventures, Bangchak Corporation PCL, VoLo Earth Ventures, Clear Creek Investments, GAINTECH Capital, Z2Sixty Ventures, Climate Capital
- Seed, Jun 3, 2019, $8M — Alsop Louie Partners, VoLo Earth Ventures

## Investors

- Alsop Louie Partners (https://capitalatlas.ai/funds/alsop-louie-partners) — Seed, Series A
- VoLo Earth Ventures (https://capitalatlas.ai/funds/volo-earth-ventures) — Seed, Series A
- Tenaska Energy — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- University of Maryland — Series A
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Series A
- Bangchak Corporation PCL — Series A
- Clear Creek Investments — Series A
- GAINTECH Capital (https://capitalatlas.ai/funds/gaintech-capital) — Series A
- Z2Sixty Ventures (https://capitalatlas.ai/funds/z2sixty-ventures) — Series A
- Climate Capital (https://capitalatlas.ai/funds/climate-capital) — Series A