About Ion Storage Systems
Ion Storage Systems is a company based in College Park (United States) founded in 2015 by Venkataranam Thangadurai, Greg Hitz, and Eric Wachman.. Ion Storage Systems has raised $38 million across 6 funding rounds from investors including Bangchak, Tenaska and University of Maryland. The company has 50 employees as of December 31, 2022. Ion Storage Systems offers products and services including Solid-State Lithium Metal Battery. Ion Storage Systems operates in a competitive market with competitors including QuantumScape, Factorial Energy, Solid Power, VARTA and Cuberg, among others.
- Headquarter College Park, United States
- Employees 50 as on 31 Dec, 2022
- Founders Venkataranam Thangadurai, Greg Hitz, Eric Wachman
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$38 M (USD)
in 6 rounds
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Latest Funding Round
$10 M (USD), Debt – Conventional
Nov 13, 2024
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Investors
Bangchak
& 13 more
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Employee Count
50
as on Dec 31, 2022
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Products & Services of Ion Storage Systems
Ion Storage Systems offers a comprehensive portfolio of products and services, including Solid-State Lithium Metal Battery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides safe, fast-charging batteries with high energy density for tech applications.
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Funding Insights of Ion Storage Systems
Ion Storage Systems has successfully raised a total of $38M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $10.0M
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First Round
First Round
(08 Oct 2018)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Debt – Conventional - Ion Storage Systems | Valuation |
investors |
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| Dec, 2023 | Amount | Series A - Ion Storage Systems | Valuation | NOVA by Saint-Gobain |
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| Jul, 2023 | Amount | Grant - Ion Storage Systems | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ion Storage Systems
Ion Storage Systems has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Bangchak, Tenaska and University of Maryland. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Construction startups are accelerated by NOVA through Saint-Gobain's initiatives.
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Founded Year | Domain | Location | |
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Venture capital firm and infrastructure firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ion Storage Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ion Storage Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ion Storage Systems Comparisons
Competitors of Ion Storage Systems
Ion Storage Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as QuantumScape, Factorial Energy, Solid Power, VARTA and Cuberg, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solid-state lithium-metal batteries are manufactured with anode-less cell design.
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| domain | founded_year | HQ Location |
Sustainable solid-state batteries are developed for vehicles and infrastructure.
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| domain | founded_year | HQ Location |
Solid-state lithium-ion batteries are developed with solid electrolyte layers.
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| domain | founded_year | HQ Location |
Lithium-ion batteries and storage systems are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Lithium-ion batteries are developed using a patented solid electrolyte.
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| domain | founded_year | HQ Location |
Manufacturer of thin and flexible lithium-ion batteries
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ion Storage Systems
Frequently Asked Questions about Ion Storage Systems
When was Ion Storage Systems founded?
Ion Storage Systems was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Ion Storage Systems located?
Ion Storage Systems is headquartered in College Park, United States. It is registered at College Park, Maryland, United States.
Who is the current CEO of Ion Storage Systems?
Eric Wachman is the current CEO of Ion Storage Systems. They have also founded this company.
Is Ion Storage Systems a funded company?
Ion Storage Systems is a funded company, having raised a total of $38M across 6 funding rounds to date. The company's 1st funding round was a Grant of $1.35M, raised on Oct 08, 2018.
How many employees does Ion Storage Systems have?
As of Dec 31, 2022, the latest employee count at Ion Storage Systems is 50.
What does Ion Storage Systems do?
Ion Storage Systems was founded in 2015 and is based in College Park, United States. Rechargeable solid-state lithium batteries are produced by the company for use in electric vehicles, defense systems, consumer electronics, aerospace, and related sectors. Operations focus on developing and manufacturing these batteries to support diverse energy storage needs in industrial and commercial settings.
Who are the top competitors of Ion Storage Systems?
Ion Storage Systems's top competitors include Solid Power, QuantumScape and Factorial Energy.
What products or services does Ion Storage Systems offer?
Ion Storage Systems offers Solid-State Lithium Metal Battery.
Who are Ion Storage Systems's investors?
Ion Storage Systems has 14 investors. Key investors include Bangchak, Tenaska, University of Maryland, LEONID, and NOVA by Saint-Gobain.