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GAINTECH Capital makes its inaugural investment in ION Storage Systems

Updated: May 4, 2022

Downers Grove IL, GAINTECH Capital, a boutique venture capital firm specializing in investments in the power storage, generation, and material science space, has made its first capital deployment with an investment in ION Storage Systems of Beltsville MD. GAINTECH’s contribution is part of a broader $30M Series A round being led by Clear Creek Investments, VoLo Earth Ventures, and Alsop Louie partners with a number of other notable participants including Alumni Ventures.

The investment will enable ION to commission and qualify a battery cell manufacturing line at its Beltsville, MD headquarters capable of producing 10MWh/year of its safe, energy-dense and versatile solid-state batteries. Production will initially be allocated to qualifying commercial cells for its Aerospace and Defense customers, generating revenue by the end of 2023. The Series A round will also accelerate the development projects ION has signed with multiple electric vehicle manufacturers, defense contractors, and consumer electronics companies.

GAINTECH Capital is excited to be part of the investment supporting this amazing company as it shifts into its next phase of growth and development.

About GAINTECH Capital: GAINTECH Capital was founded to help elevate promising companies in the power storage, generation, and related material science space. GAINTECH Capital isn’t just about bringing funding into the equation but adding Value Beyond Capital by having a team that is highly skilled and knowledgeable in the areas of batteries, material science, manufacturing, business, and finance. Our team can add value to portfolio investments whether that’s in the lab or in the boardroom. GAINTECH can evaluate investments in this sector in ways that are strategic and allow for investments that are synergistically compatible.

At GAINTECH Capital we understand that the solutions that will ultimately bring about the change we’d all like to see won’t likely come from a single source. Our ultimate goal is to assist in uniting the best components and create the optimal outcome.

About ION Storage Systems: Ion Storage Systems, from its new state of the art HQ and manufacturing facility, creates high energy density, solid-state lithium metal batteries that are safer, lighter and enable form factors with tighter packing density that enhance system performance. ION’s nonflammable technology offers safe operation, greater abuse tolerance, and both volume and weight reduction. These advances empower the world’s innovators to redefine what is possible and begin building the products of tomorrow today.

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