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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
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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.