About Sion Power
Sion Power is a company based in Tucson (United States) founded in 1995. Sion Power has raised $385.35 million across 5 funding rounds from investors including Cummins, LG Energy Solution and BASF. The company has 113 employees as of December 31, 2022. Sion Power offers products and services including Licerion® Technology. Sion Power operates in a competitive market with competitors including SunPower, 24m Technologies, Sunwoda Electronic, Amprius Technologies and Enovix, among others.
- Headquarter Tucson, United States
- Employees 113 as on 31 Dec, 2022
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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- Legal Name Sion Power Corporation
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$385.35 M (USD)
in 5 rounds
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Latest Funding Round
$75 M (USD), Series D
Jan 24, 2024
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Investors
Cummins
& 5 more
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Employee Count
113
as on Dec 31, 2022
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Products & Services of Sion Power
Sion Power offers a comprehensive portfolio of products and services, including Licerion® Technology.
Provides high-energy lithium-metal batteries for enhanced density in EVs
People of Sion Power
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Funding Insights of Sion Power
Sion Power has successfully raised a total of $385.35M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $75 million completed in January 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.
Investors in Sion Power
Sion Power has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Cummins, LG Energy Solution and BASF.
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Lithium-ion batteries for various electric vehicle categories are manufactured.
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Investor details for Sion Power
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Investments & Acquisitions by Sion Power
Investment portfolio details for Sion Power
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Financial Statements - Sion Power
Detailed financials for Sion Power
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Sion Power Comparisons
Peer comparison for Sion Power
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Competitors of Sion Power
Sion Power 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 SunPower, 24m Technologies, Sunwoda Electronic, Amprius Technologies and Enovix, among others.
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Silicon-based solar PV modules are manufactured for diverse applications.
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Semi-solid lithium-ion batteries are developed to address manufacturing issues.
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Manufacturer of lithium battery modules
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Silicon nanowire-based Li-Ion batteries are developed for high energy density.
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Lithium-ion battery cells are developed with 3D silicon anode technology.
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Farasis Energy is engaged in sustainable energy solutions development.
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Detailed competitors of Sion Power
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Latest news on Sion Power
Complete news archive for Sion Power
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Frequently Asked Questions about Sion Power
Sion Power was founded in 1995 and raised its 1st funding round 14 years after it was founded.
Sion Power is headquartered in Tucson, United States. It is registered at Tucson, Arizona, United States.
Dennis Mangino is the current CEO of Sion Power.
Sion Power is a funded company, having raised a total of $385.35M across 5 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Sion Power is 113.
Sion Power was founded in 1995 in Tucson, United States, within the advanced battery sector. Rechargeable lithium-sulfur batteries with elevated energy density from sulfur ions are developed, surpassing traditional lithium options. These batteries are targeted for portable power sources, mobile electronics, and electric vehicles, supporting operations in energy storage and transportation technologies across North America.
Sion Power's top competitors include SunPower, 24m Technologies and Enovix.
Sion Power offers Licerion® Technology.
Sion Power has 6 investors. Key investors include Cummins, LG Energy Solution, BASF, Euclidean Capital, and Hillspire.