Skip to content
Subscriber Only
Technology
Climate changed

Tech Guru Bill Joy's Battery Venture Raises $65 Million

  • Ionic developing a polymer material for solid-state batteries
  • ‘We’re the key ingredient to make the new battery,’ CEO says
Tomorrow's Gas Station Will Charge Car, Feed You in 10 Minutes
Photographer: SeongJoon Cho/Bloomberg
Updated on
From

Ionic Materials Inc., a battery-material developer backed by Silicon Valley luminary Bill Joy, raised $65 million to build a production line and commercialize its technology.

Investors in the Series C funding round include Joy and Alliance Ventures, a venture capital company comprising automakers Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. Ionic declined to identify other participants.