Charged EVs | Ionblox raises $24 million in Collection B funding for its aviation-capable battery cells


Battery cell producer Ionblox (beforehand generally known as Zenlabs Power) has closed a $24-million Collection B funding spherical with buyers together with Utilized Ventures, Catalus Capital, and Lilium, the developer of an electrical vertical take-off and touchdown (eVTOL) plane.

The corporate will use the funding to proceed scaling operations and rising manufacturing capabilities. Earlier this yr, Ionblox acquired a $3.5-million improvement contract from the USA Superior Battery Consortium (USABC).

“Ionblox has launched the one commercially scalable battery with a silicon-dominant anode that may concurrently present excessive power, excessive energy, 1,000 fast-charge cycles, and a transparent path to low-cost manufacturing right this moment,” stated Ionblox CEO Sujeet Kumar. “Our distinctive batteries might be scaled up with low danger and at a aggressive value, as a result of we use commercially obtainable supplies and confirmed manufacturing processes and gear, reasonably than pricey and hard-to-scale proprietary supplies.”

Ionblox says it has addressed all of the well-known challenges of utilizing silicon as an lively materials, together with swelling and irreversible capability loss. Its batteries are designed for high-performance automotive and aviation functions, which require excessive power, excessive energy, quick charging and lengthy cycle life.

“The long-term success of the eVTOL regional air mobility revolution is dependent upon the continued improvement of high-performance batteries,” stated Yves Yemsi, COO of Lilium. “After an intensive overview we imagine that Ionblox’s pouch cell know-how will probably be very nicely positioned to attain superior mixed efficiency for top energy and excessive power density, and we’re very excited to proceed our joint improvement.”

Supply: Ionblox


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