{"id":1396,"date":"2018-02-07T21:40:05","date_gmt":"2018-02-07T21:40:05","guid":{"rendered":"https:\/\/athis-consulting.com\/news\/?p=1396"},"modified":"2018-08-26T10:38:43","modified_gmt":"2018-08-26T10:38:43","slug":"ionic-materials-raises-65-million-to-speed-development-of-its-revolutionary-polymer-electrolyte-for-solid-state-batteries","status":"publish","type":"post","link":"https:\/\/athis-technologies.com\/news\/market\/2018\/ionic-materials-raises-65-million-to-speed-development-of-its-revolutionary-polymer-electrolyte-for-solid-state-batteries\/","title":{"rendered":"Ionic Materials raises $65 million to speed development of its revolutionary polymer electrolyte for solid-state batteries"},"content":{"rendered":"<p>Series C funding round includes key financial and strategic investors and will advance next-generation battery technology<\/p>\n<p><strong>Ionic Materials<\/strong> today announced it has secured $65 million in a Series C financing round from a leading group of financial and strategic investors. The strategic investors include companies from the battery manufacturing, consumer electronic and electric vehicle ecosystem who will be working with the company to speed the development of its solid polymer electrolyte battery material. These funds will fuel Ionic Materials\u2019 accelerated growth, support its hiring plans and help the company meet the significant market demand for its novel polymer electrolyte.<\/p>\n<blockquote><p>\u201cWe are thrilled to have the ongoing support of venture capitalists, strategic investors and prominent individuals to solve a major energy problem: enabling safe, high-performance and cost-effective batteries for use across consumer electronics, electric transportation and grid storage,\u201d said Mike Zimmerman, founder and CEO of Ionic Materials. \u201cThis funding round will allow us to add to our talented technical staff while continuing to engage and partner with companies interested in developing tomorrow\u2019s solid-state battery technology today.\u201d<\/p><\/blockquote>\n<p>Current batteries are manufactured with an expensive and flammable liquid electrolyte and use costly active materials. By replacing the liquid system with Ionic Materials\u2019 solid plastic polymer material, solid-state batteries that are safe, cheaper and operational at room temperature become possible for the first time. The special properties of Ionic Materials\u2019 polymer electrolyte allow the use of high-energy materials and support lithium-ion cells with low- or even no- cobalt in their cathodes. Further advancements made possible by Ionic Materials\u2019 polymer will support very inexpensive and low-cost rechargeable alkaline batteries as well.<\/p>\n<blockquote><p>\u201cThe Ionic Materials polymer is truly groundbreaking. It\u2019s no surprise that so many of the leading companies in the battery industry and their key customers are working to incorporate the Ionic Materials polymer in their next-generation products,\u201d said Bill Joy, who has been a personal investor in all the rounds of financing and was a founding member of the Ionic Materials Board of Directors. \u201cThe many innovations in electrochemistry that the polymer unlocks will change the future of renewable energy. Products from our partners using Ionic Materials\u2019 technology will lead the charge to safely power everyday products with eco-friendly, high-capacity batteries.\u201d<\/p><\/blockquote>\n<p>Ionic Materials will provide its polymer to the battery industry as an advanced materials supplier. Through this approach, it will reach the broadest market segments and establish a complete ecosystem of cell manufacturers serving the consumer electronic, electric vehicle and energy storage markets.<\/p>\n<blockquote><p>\u201cIonic Materials has created a new composition of matter that will be fundamental to the transformation of the battery as we know it. Over my 30-year career working in energy storage, Ionic Materials\u2019 polymer stands out as a breakthrough innovation that is a critical element to the next generation of batteries,\u201d said Jan van Dokkum, Partner at Kleiner Perkins Caufield &amp; Byers and Chairman of the Ionic Materials Board of Directors. \u201cNumerous energy storage start-ups have made progress in the past, but the industry will be transformed by a novel material like Ionic Materials\u2019 polymer which can replace liquid electrolytes with a solid alternative and help the industry get past the safety, cost and performance challenges it faces.\u201d<\/p><\/blockquote>\n<p><a href=\"http:\/\/ionicmaterials.com\/2018\/02\/ionic-materials-raises-65-million-to-speed-development-of-its-revolutionary-polymer-electrolyte-for-solid-state-batteries\/\" target=\"_blank\" rel=\"noopener\">Full Article<\/a><\/p>\n<p>Source:\u00a0<a href=\"http:\/\/ionicmaterials.com\" target=\"_blank\" rel=\"noopener\">http:\/\/ionicmaterials.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Series C funding round includes key financial and strategic investors and will advance next-generation battery technology Ionic Materials today announced it has secured $65 million in a Series C financing round from a leading group of financial and strategic investors. The strategic investors include companies from the battery manufacturing, consumer electronic and electric vehicle ecosystem [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1397,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"amp_status":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[15,10],"tags":[84],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ionic Materials raises $65 million to speed development of its revolutionary polymer electrolyte for solid-state batteries - AthisNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/athis-technologies.com\/news\/market\/2018\/ionic-materials-raises-65-million-to-speed-development-of-its-revolutionary-polymer-electrolyte-for-solid-state-batteries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ionic Materials raises $65 million to speed development of its revolutionary polymer electrolyte for solid-state batteries - AthisNews\" \/>\n<meta property=\"og:description\" content=\"Series C funding round includes key financial and strategic investors and will advance next-generation battery technology Ionic Materials today announced it has secured $65 million in a Series C financing round from a leading group of financial and strategic investors. The strategic investors include companies from the battery manufacturing, consumer electronic and electric vehicle ecosystem [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/athis-technologies.com\/news\/market\/2018\/ionic-materials-raises-65-million-to-speed-development-of-its-revolutionary-polymer-electrolyte-for-solid-state-batteries\/\" \/>\n<meta property=\"og:site_name\" content=\"AthisNews\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AthisNews-271175647014395\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/AthisNews-271175647014395\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-07T21:40:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-26T10:38:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/athis-technologies.com\/news\/wp-content\/uploads\/2018\/05\/Screen-Shot-2018-05-29-at-23.43.45.png\" \/>\n\t<meta property=\"og:image:width\" content=\"816\" \/>\n\t<meta property=\"og:image:height\" content=\"660\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kaitlyn Becker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/KaitlynBCom\/\" \/>\n<meta name=\"twitter:site\" content=\"@Athis_News\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kaitlyn Becker\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/athis-technologies.com\/news\/market\/2018\/ionic-materials-raises-65-million-to-speed-development-of-its-revolutionary-polymer-electrolyte-for-solid-state-batteries\/\",\"url\":\"https:\/\/athis-technologies.com\/news\/market\/2018\/ionic-materials-raises-65-million-to-speed-development-of-its-revolutionary-polymer-electrolyte-for-solid-state-batteries\/\",\"name\":\"Ionic Materials raises $65 million to speed development of its revolutionary polymer electrolyte for solid-state batteries - 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