Tech Company Financing Transactions
Ionblox Funding Round
Ionblox, based in Fremont, raised $24 million from Applied Ventures, Catalus Capital and Lilium.
Transaction Overview
Company Name
Announced On
10/26/2022
Transaction Type
Venture Equity
Amount
$24,000,000
Round
Series B
Proceeds Purpose
The company will use the investment to continue scaling operations and increasing manufacturing capabilities as it ramps up production in the United States. Additionally, Ionblox will invest in the hiring and further expansion of the team, including manufacturing talent.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
3390 Gateway Boulevard
Fremont, CA 94538
USA
Fremont, CA 94538
USA
Phone
Undisclosed
Website
Email Address
Overview
Founded in 2017, Ionblox (previously known as Zenlabs Energy) is a next-generation energy company transforming the future of mobility by land and air. Ionblox's proprietary pre-lithiated silicon oxide anode distinguishes itself by simultaneously delivering multiple performance attributes -- fast charging, high energy, high power, and long life at low cost -- pushing the limits of traditional battery storage technology and unlocking the viability of widespread electric transportation for generations to come.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sujeet Kumar
Chief Operating Officer
Alex Lee
Chief Technical Officer
Herman Lopez
Co-Founder
Michael Sinkula
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We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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