When was Ion Storage Systems founded?

Ion Storage Systems was founded in 2015 and raised its 1st funding round 3 years after it was founded.

Where is Ion Storage Systems located?

Ion Storage Systems is headquartered in College Park, United States.

Who is the current CEO of Ion Storage Systems?

Eric Wachman and Jorge Diaz Schneider s of Ion Storage Systems. Eric Wachman has also founded 1 company.

How many employees does Ion Storage Systems have?

As of Jun 30, 2026, the latest employee count at Ion Storage Systems is 51.

Is Ion Storage Systems a funded company?

Ion Storage Systems is a funded company, having raised a total of $38M across 8 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Oct 08, 2018.

When was the latest funding round of Ion Storage Systems?

Ion Storage Systems' latest funding was a $***** Grant (prize money) round on Nov 24, 2025, with participation from 1 investor.

Where does Ion Storage Systems rank among its competitors?

Ion Storage Systems ranks 2nd amongst 7 active competitors, of which 3 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Solidion Technology, which secured $35M in Jun, 2026.

Who are the top competitors of Ion Storage Systems?

Ion Storage Systems' top competitors include Sakuu, Solidion Technology and Material. Among them, Solidion Technology secured the most recent funding round in June, 2026.

Ion Storage Systems - 2026 Company Profile, Team, Funding & Competitors

Ion Storage Systems is a series A company based in College Park (United States), founded in 2015 by Venkataranam Thangadurai, Eric Wachman and Greg Hitz. It operates as a Manufacturer of solid-state battery technology for consumer electronics and electric vehicles. Ion Storage Systems has raised $38M in funding from investors like Alsop Louie Partners, NOVA by Saint-Gobain and VoLo Earth Ventures. The company has 7 active competitors, including 3 funded and 2 that have exited. Its top competitors include companies like Sakuu, Solidion Technology and Material.

Company Details

Manufacturer of solid-state battery technology for consumer electronics and electric vehicles. The company's platform delivers safety, performance, and reliability for next-generation technologies. Their architecture is inherently safe, durable, and engineered for real-world deployment. The company's battery architecture eliminates the flammable liquid electrolyte and avoids thermal runaway. The platform is safe, energy-dense, and versatile enough to meet demands.

Website: ionstoragesystems.com
Social
Email ID: *****@ionstoragesystems.com
Phone Number: +1 **********

Key Metrics

Founded Year

2015

Location

College Park, United States

Stage

Series A

Total Funding

$38M in 8 rounds

Latest Funding Round

Grant (prize money), Nov 24, 2025, $*****

Investors

Alsop Louie Partners & 14 more

Ranked

2^nd among 7 active competitors

Employee Count

51 as on Jun 30, 2026

Similar Companies

Sakuu & 6 more

View Ion Storage Systems' full profile

Ion Storage Systems is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Ion Storage Systems. CIN: 834112588 , United States, Active	Dec 31, 2014	-	50 (As on Dec 31, 2022)	-
Ion Storage Systems. CIN: 834112588 , United States, Active	Dec 31, 2014	-	75 (As on Dec 31, 2024)	-

Ion Storage Systems has raised a total funding of $38M over 8 rounds. Its first funding round was on Oct 08, 2018. Its latest funding round was a Grant (prize money) round on Nov 24, 2025 for $*****. 1 investor participated in its latest round. Ion Storage Systems has 15 institutional investors.

Here is the list of recent funding rounds of Ion Storage Systems:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 24, 2025	8392758	Grant (prize money)	1170051	3085400	5870822	2429175
Jan 17, 2025	2418421	Grant (prize money)	8436998	4237462	3804068	OSTI
Nov 13, 2024	7148939	Conventional Debt	7501502	3822193	1745333	LEONID

Access funding benchmarks and valuations. Sign up today!

View details of Ion Storage Systems's funding rounds and investors

The founders of Ion Storage Systems are Venkataranam Thangadurai, Eric Wachman and Greg Hitz. Eric Wachman and Jorge Diaz Schneider are the CEOs of Ion Storage Systems.

Here are the details of Ion Storage Systems' key team members:

Venkataranam Thangadurai: Co-Founder of Ion Storage Systems.
Eric Wachman: Co-Founder & CEO of Ion Storage Systems.
Greg Hitz: Co-Founder & CTO of Ion Storage Systems.
Contact Info: 1 email address
Jorge Diaz Schneider: CEO of Ion Storage Systems.
Contact Info: 1 email address

View details of Ion Storage Systems's Founder profiles and Board Members

Ion Storage Systems' employee count trend

Ion Storage Systems has 51 employees as of Jun 26. Here is Ion Storage Systems's employee count trend over the years:

Employee count trend for Ion Storage Systems

Uncover Ion Storage Systems' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Ion Storage Systems include Sakuu, Solidion Technology and Material. Here is the list of Top 10 competitors of Ion Storage Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sakuu 2016, San Jose (United States), Series C	Provider of AI-enabled desktop 3D battery printers for automotive applications	$84.3M	Musashi Seimitsu Industry, MissionBlue Capital Partners ... & 7 others	63/100
2nd	Ion Storage Systems 2015, College Park (United States), Series A	Manufacturer of solid-state battery technology for consumer electronics and electric vehicles	$38M	Alsop Louie Partners, Toyota Ventures & 13 others	63/100
3rd	Solidion Technology 2023, Dallas (United States), Public	Developer of solid-state battery technology and related silicon anode materials	-	-	45/100
4th	Material 2014, San Francisco (United States), Seed	Developer of 3D printing technology for full-stack battery manufacturing	$7.1M	Harpoon, Outlander VC & 4 others	42/100
5th	Blackstone Resources 1995, Zug (Switzerland), Public	Manufacturer of lithium-ion batteries	-	-	34/100
6th	NextGen Battery 2019, Arlington (United States), Funding Raised	Developer of solid-state battery technology for medical, defense, and commercial uses	-	New Jersey Economic Development Authority, OSTI	30/100
7th	Advanced Solar Solutions 2021, Hasselager (Denmark), Unfunded	Solar solutions based on 3D-nanostructured technology	-	-	16/100
8th	Ionova Technologies 2006, Frederick (United States), Deadpooled	3-D nanofilm based lithium-ion battery solutions	-	OSTI	15/100