Lockheed-Backed Solid-State Battery Startup ION Storage Secures $10M
The Beltsville, Md., startup developing solid-state batteries earlier this year received a $1.5 million grant from the Maryland Technology Development Corp. (TEDCO), through the Maryland Venture Fund, and a $20 million award from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E).
About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
Tammi Thomas, President, TEDCO, tthomas@tedcomd.com
Rachael Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@tedcomd.com