About Ion Storage Systems
Ion Storage Systems is an Energy & Utilities company based in College Park (United States) founded in 2015 by Venkataranam Thangadurai, Greg Hitz, and Eric Wachman. It operates as a solid-state lithium batteries are manufactured for multiple applications. 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. Its chief executive is Eric Wachman. Ion Storage Systems offers products and services including Solid-State Lithium Metal Battery. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Secondary Battery. Its competitors include QuantumScape, Factorial Energy, Solid Power, VARTA and Cuberg and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters College Park, United States
- Employees 50
- Founders Venkataranam Thangadurai, Greg Hitz, Eric Wachman
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website ionstoragesystems.com
- Social LinkedIn X
- Total Equity Funding$38M (USD)
in 6 rounds
- Latest Funding Round$10M (USD), Debt – Conventional
Nov 2024
- InvestorsBangchak
& 13 more
- Employee Count50
Products & Services of Ion Storage Systems
Ion Storage Systems offers a comprehensive portfolio of products and services, including Solid-State Lithium Metal Battery.
Provides safe, fast-charging batteries with high energy density for tech applications.
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 $38M
- Total Rounds 6
- Last Round Debt – Conventional — $10M
- First Round $5,000
(Oct 2018)
- Investors Count 14
All 6 funding rounds of Ion Storage Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2024 | $10M | Debt – Conventional | – | – | |
| Dec 2023 | – | Series A | – | NOVA by Saint-Gobain | – |
| Jul 2023 | $1.35M | Grant | – | – | |
| Jun 2022 | $30M | Series A | – | Alsop Louie Partners, Clear Creek Investments | |
| Jun 2019 | $8M | Series A | – | Alsop Louie Partners | – |
| Oct 2018 | $5,000 | Grant | – | – |
14 investors in total: 14 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Construction startups are accelerated by NOVA through Saint-Gobain's initiatives. | – | nova-saint-gobain.com | Courbevoie, France | |
Venture capital firm and infrastructure firm investing in multiple sectors | – | toyota.ventures | Los Altos, United States | |
- | – | gaintech.io | - | |
Venture capital investing and portfolio management services for accredited investors. | – | av.vc | - | |
- | – | z2sixtyventures.com | - | |
Venture capital is invested in climate tech startups and entrepreneurs. | – | climatecapital.co | San Francisco, United States | |
Early-stage technology venture capital firm specializing in risk-oriented investments with a humanist approach. | – | alsop-louie.com | - | |
Early-stage funding and leadership are provided for climate tech companies. | – | voloearth.com | Snowmass Village, United States | |
Provider of financial services | 2019 | leonidfinance.io | Huntington Beach, United States | |
Scientific and technical information is managed and disseminated by OSTI.GOV. | – | osti.gov | Oak Ridge, United States |
Investor details for Ion Storage Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Ion Storage Systems
37 people are tracked at Ion Storage Systems (11 in leadership, 7 in board & advisors, 19 in team); the tracked headcount is 50.
| Name | Role | Group |
|---|---|---|
Venkataranam Thangadurai | Co-Founder | Leadership |
Greg Hitz | Co-Founder & CTO | Leadership |
Eric Wachman | Co-Founder & CEO | Leadership |
Jorge Diaz Schneider | CEO | Leadership |
Nicholas Hudak | Director Of Cell Research & Development | Leadership |
Dennis McOwen | Director Of Ceramics R&d | Leadership |
Eric Lind | Chief Commercial Officer (cco) | Leadership |
Ricky Hanna | CEO & Board Director | Leadership |
Elizabeth Santori | VP, Research & Development | Leadership |
Neil Ovadia | VP, Supply Chain | Leadership |
Steve Buckingham | Director of Materials Characterization | Leadership |
Mark Fields | Director | Board & advisors |
Andrew Konigsberg | Advisor | Board & advisors |
Joseph Goodman | Director | Board & advisors |
Eric Wachsman | Executive Chair & Founder | Board & advisors |
Nitin Parekh | Director | Board & advisors |
Todd Crescenzo | Director | Board & advisors |
Venkataraman Thangadurai | Advisor & Founder | Board & advisors |
Patrick Stanley | Ceramic R&d Manager | Team |
Andrew Rosenberger | Ceramic Scientist III | Team |
17 more people are available in the full profile.
Complete people profiles for Ion Storage Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Ion Storage Systems
3 dated milestones of Ion Storage Systems across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Ion Storage Systems is founded.
- Funding First funding round of $5K.
- Funding Latest funding round, Debt – Conventional, of $10.0M.
Competitors of Ion Storage Systems
Ion Storage Systems has 9 listed competitors in our database, 6 of them funded. They include QuantumScape, Factorial Energy, Solid Power, VARTA and Cuberg, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| quantumscape.com | 2010 | San Jose, United States | $1B | 850 | Solid-state lithium-metal batteries are manufactured with anode-less cell design. | |
| factorialenergy.com | 2013 | Woburn, United States | $244.19M | – | Sustainable solid-state batteries are developed for vehicles and infrastructure. | |
| solidpowerbattery.com | 2011 | Louisville, United States | $182.02M | 270 | Solid-state lithium-ion batteries are developed with solid electrolyte layers. | |
| varta-ag.com | 1887 | Ellwangen, Germany | – | – | Lithium-ion batteries and storage systems are manufactured for diverse applications. | |
| cuberg.net | 2015 | Stanford, United States | – | 128 | Lithium-ion batteries are developed using a patented solid electrolyte. | |
| prologium.com | 2006 | Taoyuan, Taiwan | $576M | – | Manufacturer of thin and flexible lithium-ion batteries | |
| electrovaya.com | 1997 | Mississauga, Canada | – | – | Lithium-ion batteries and management systems are manufactured for key industries. | |
| sakuu.com | 2016 | San Jose, United States | $84.29M | – | Provider of AI-enabled desktop 3D battery printers for automotive applications | |
| ensurge.com | 2005 | San Jose, United States | $1.36M | 39 | Energy storage solutions for wearable devices are developed by Ensurge. |
Detailed competitors of Ion Storage Systems
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Ion Storage Systems
The website of Ion Storage Systems (ionstoragesystems.com) receives about 3.4K visits a month.
- Monthly visits3.4K
▲ 2.1% vs previous month
Websites whose visitors overlap most with Ion Storage Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
compdermcenter.com | compdermcenter.com | 100% | – | #2,288,861 | – |
| skin-salon.com | 99% | – | – | View details |
Top companies in Energy Storage Systems
10 companies that operate in the same segment as Ion Storage Systems (Energy Storage Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
EV charging station network is operated for vehicle users. | 2017 | Munchen, Bayern, Germany | USD 791 M | – | – | |
Platform offering smart electric vehicle charging solutions | 2018 | London, England, United Kingdom | USD 63.18 M | – | – | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | – | 902 | |
Provider of electric vehicle charging solutions | 2009 | London, England, United Kingdom | USD 58.39 M | – | – | |
Monta is recognized as a provider of EV charging software solutions. | 2020 | Copenhagen, Denmark | USD 134.51 M | – | – | |
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Portable electric vehicle charging solutions are developed and provided. | 2014 | Boston, Massachusetts, United States | USD 104.86 M | – | 50 | |
Provider of solar integrated power storage system | 2010 | Wildpoldsried, Bavaria, Germany | USD 168.42 M | USD 132.91 M | – |
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Related news about Ion Storage Systems
Complete news archive for Ion Storage Systems
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Frequently Asked Questions about Ion Storage Systems
Ion Storage Systems was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Ion Storage Systems is headquartered in College Park, United States. It is registered at College Park, Maryland, United States.
Eric Wachman is the current CEO of Ion Storage Systems. They have also founded this 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 $5K, raised on Oct 2018.
Ion Storage Systems has 50 employees.
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.
Ion Storage Systems's top competitors include Solid Power, QuantumScape and Factorial Energy.
Ion Storage Systems offers Solid-State Lithium Metal Battery.
Ion Storage Systems has 14 investors. Key investors include Bangchak, Tenaska, University of Maryland, LEONID, and NOVA by Saint-Gobain.