Ionic closes $29-million Series B round to produce battery materials in Utah

Ionic Mineral Technologies, a vertically-integrated US producer of advanced materials for the energy, defense and technology sectors, has closed a $29-million Series B financing round. The oversubscribed round, which exceeded its initial $25-million target, will enable the company to expand capacity at its facility in Provo, Utah, accelerating production of Read more

By jackkellerinc, ago

Kautex receives major order for thermoplastic EV battery housing

Kautex Textron has received an order from a major EV manufacturer for thermoplastic composite lower battery housing units from the company’s Pentatonic battery enclosure portfolio. The Pentatonic product line features lightweight, customizable solutions using thermoplastic composite or composite-metal hybrid construction. Kautex says these technologies are intended to improve battery pack Read more

By jackkellerinc, ago
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