Ionic Materials, a Woburn, Mass.-based materials technology company, secured $65m in Series C financing.
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.
The funds will accelerate Ionic Materials’ accelerated growth and support its hiring plans.
Led by Mike Zimmerman, founder and CEO, Ionic Materials is a materials technology company that enables next-generation solid-state batteries. Its polymer is the first solid electrolyte to fully function at room temperature and be compatible with lithium and alkaline-based batteries, and enable new and advanced electrode chemistries to improve battery safety, performance and cost.
Backers include Bill Joy and Kleiner Perkins Caufield & Byers, among others.