Trucks VC
Assembly Line
Breakthrough Battery Technology Company Ionobell Raises $7.3M Total Seed Funding
Ionobell, the breakthrough silicon battery technology company, announced that they have raised a recent seed extension round of $3.9M led by Dynamo Ventures and Trucks VC bringing the total amount funding to $7.3M in seed investment fundraising. The initial equity round was led by Trucks VC, with participation from Dynamo Ventures and Alumni Ventures.
Ionobell has expertise in battery material and cell development, alongside several decades of energy storage, Li-ion, and fabrication knowledge and experience are used to build battery technology that will help automotive clients save up to $1,200 per vehicle.
Ionobell’s silicon material is 500% more energy-dense than Graphite and with its porous structure, it still meets the lifecycle needs of automotive, even in solid-state designs, enabling greater range, faster charging, and lower costs than existing batteries. Additionally, Ionobell’s novel approach reuses waste materials to significantly reduce the environmental impact for its industry partners, further enabling the circular economy.