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Sion Power
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Short description

Developer of lithium metal batteries with applications in EV, consumer electronics and other portable storage markets

Founded in 2002
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector energy storage

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Tucson, AZ Tucson, United States
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Updated by Cleantech Group on 03/12/2024

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Date Company
Partnerships
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Date Partner Type
04/19/2024
MB ATECH MB ATECH
Sion Power and MB ATECH, member of Muhlbauer Group, partner on an automated manufacturing line for lithium metal cells.
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Confirmed by MB ATECH
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Investment Rounds
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IPO INFORMATION

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IPO Type

Amount

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Description

Date Investors Type Amount
01/24/2024 LG Energy Solution LG Energy Solution , Euclidean Capital Euclidean Capital , Hillspire Hillspire (3)
Post-money valuation of
Funding will be used to achieve technical and market validation of its technology.
Series A $75,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

Li-S cell

- Current specific energy: 350 Wh/kg - Projected specific energy: 600 Wh/kg - Projected energy density: 600 Wh/l

Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
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