ACT-ion, a Dallas, TX-based battery technology company, raised $7.5M in Pre-Series A funding.
The round was led by BASF Venture Capital, with participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management, and LG Technology Ventures.
The company intends to use the funds to accelerate its innovative CAM production technology, aiming to establish an operational pilot facility by 2025, with validations from industry partners.
Led by Jin Lim, CTO and Interim CEO, ACT-ion Battery Technologies is a lithium battery cathode active material (CAM) technology company. Its rapid continuous process produces coated single crystal CAMs for lithium batteries through a clean, and chemistry-agnostic process, requiring lower energy and cost.
Incubated within and spun-out of Hunt Energy Enterprises LLC, ACT-ion has successfully demonstrated this manufacturing platform for a variety of chemistries.
FinSMEs
10/02/2025