# Ionblox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ionblox

- Industry: Energy Storage & Batteries
- Headquarters: Fremont, US
- Website: www.ionblox.com
- Total disclosed funding: $34M
- Latest round: Series B (Feb 8, 2023)
- Investors on record: 4

## About

Based in California, US, and established in 2017, Ionblox, Inc. formerly known as Zenlabs Energy, Inc. operates as a developer of lithium-ion cell batteries for the electric automotive and aviation markets. The company was co-founded by Sujeet Kumar (Chief Executive Officer), Herman Lopez (CTO), and Michael Sinkula (CBO), and in October 2022, Ionblox, Inc. raised USD 24 million in series B funding from Lilium GmbH, Applied Ventures, and Catalus Capital.

The company designs and manufactures lithium-ion batteries intended for use in electric mobility applications including electric vehicles (EVs) and electric vertical take-off and landing vehicles (eVTOLs). Ionblox, Inc.’s batteries utilize proprietary pre-lithiated silicon oxide anode instead of graphite (anode material in traditional batteries), and it has fast charging, and high-power delivery characteristics coupled with lower production costs.

The company intends to use the October 2022 funding to further enhance its manufacturing capabilities and to scale up its manufacturing team by hiring more talent.

## Funding rounds

- Series B, Feb 8, 2023, $10M — Applied Ventures, Temasek Holdings, Catalus Capital, Lilium GmbH
- Series B, Oct 26, 2022, $24M — Applied Ventures, Catalus Capital, Lilium GmbH

## Investors

- Applied Ventures (https://capitalatlas.ai/funds/applied-ventures) — Series B
- Catalus Capital (https://capitalatlas.ai/funds/catalus-capital) — Series B
- Lilium GmbH — Series B
- Temasek Holdings — Series B