Tech Company Financing Transactions

Ion Storage Systems Funding Round

Alsop Louie Partners, Bangchak Corporation and Clear Creek Investments joined a $30 million Series A funding round for Ion Storage Systems. The funding round was recorded on 6/7/2022.

Transaction Overview

Announced On
Transaction Type
Venture Equity
Series A
Proceeds Purpose
The investment will enable ION to expand its facility at its Beltsville, MD headquarters to commission and qualify a battery cell manufacturing line capable of producing 10MWh/yr of next-generation solid-state batteries. Production will initially be allocated to qualifying commercial cells for its first market customers, generating commercial revenue by the end of 2023.

Company Information

Company Status
Private & Independent
Energy & Battery
Mailing Address
12500 Baltimore Avenue Unit D
Beltsville, MD 20705
Email Address
WE are a carefully cultivated team of seasoned battery industry geeks who know inside and out how batteries have always been made. We're passionate about power. No, not that kind of power. We know how batteries should work and more importantly, what keeps them from working as well as they could.
Ion Storage Systems LinkedIn Company Profile
Social Media
Ion Storage Systems Company Twitter Account
Company News
Ion Storage Systems News
Ion Storage Systems on Facebook
Ion Storage Systems on YouTube

Management Team

Email & Social
Chief Executive Officer
Ricky Hanna
  Ricky Hanna LinkedIn Profile  Ricky Hanna Twitter Account  Ricky Hanna News  Ricky Hanna on Facebook
Chief Financial Officer
Ben Chiu
  Ben Chiu LinkedIn Profile  Ben Chiu Twitter Account  Ben Chiu News  Ben Chiu on Facebook
Chief Technical Officer
Gregory Hitz
  Gregory Hitz LinkedIn Profile  Gregory Hitz Twitter Account  Gregory Hitz News  Gregory Hitz on Facebook
Eric Wachsman
  Eric Wachsman LinkedIn Profile  Eric Wachsman Twitter Account  Eric Wachsman News  Eric Wachsman on Facebook



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