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Based in Dallas, Texas, ACT-ion Battery Technologies manufactures cathode active materials for lithium-ion batteries utilizing a continuous, chemistry-agnostic production process. The enterprise produces coated single-crystal materials designed to reduce overall manufacturing costs and increase production throughput for electric vehicles, power tools, commercial drones, and broader energy storage systems. To support its commercialization efforts and the development of a pilot manufacturing facility in Carrollton, Texas, the company has raised $11.5 million in total Pre-Series A venture funding. This financial backing includes capital from a syndicate of institutional investors and corporate venture arms, featuring recognizable entities such as BASF Venture Capital, LG Technology Ventures, Kyobo Life Insurance Group, and KB Investment. Originally incubated as a specialized research project within Hunt Energy Enterprises, the battery technology company was officially spun out and founded in 2019 by Jin-Myoung Lim.
ACT-ion has raised $11.5M across 2 funding rounds.
ACT-ion has raised $11.5M in total across 2 funding rounds.
ACT-ion has raised $11.5M across 2 funding rounds. Most recently, it raised $4.0M Series A Extension in September 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 8, 2025 | $4M Series A Plus | Ryan KIM, Seunghwan KIM, Minje Sung | — | Announced |
| Feb 10, 2025 | $7.5M Seed Plus | BASF Venture Capital | Arosa Ventures, Hunt Energy Enterprises, LG Technology Ventures, Mirae Asset Capital | Announced |
ACT-ion has raised $11.5M in total across 2 funding rounds.
ACT-ion's investors include Ryan Kim, Seunghwan Kim, Minje Sung, BASF Venture Capital, Arosa Ventures, Hunt Energy Enterprises, LG Technology Ventures, Mirae Asset Capital.
