sionpower.comEnergy / Energy StorageFounded: 1995Funding to Date: $118.94MM
Sion Power, founded in 1995 as a spin-off from Brookhaven National Laboratory under the name Moltech, has evolved into a privately owned entity focused on pioneering rechargeable battery technology. With decades of dedicated research and development, the company has amassed a talented team of scientists, engineers, and partners. Their collective efforts have propelled Sion Power to the next generation of battery technology, significantly improving rechargeable lithium-metal batteries' energy density and cycle life.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/24/2024 | Series A-2 | $62.5MM | $xx.xx | $425.61MM | LG Energy Solution, Euclidean Capital, Hillspire | |
Price per Share
$xx.xx
Shares Outstanding
44,038,893
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
LG Energy Solution, Euclidean Capital, Hillspire
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11/30/2021 | Series A | $20MM | $xx.xx | $465.44MM | Cummins | |
Price per Share
$xx.xx
Shares Outstanding
8,265,487
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.2x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Cummins
|
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01/12/2012 | Series A-3 | $36.44MM | $xx.xx | $242.91MM | BASF | |
Price per Share
$xx.xx
Shares Outstanding
30,205,345
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
BASF
|