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Venture Capital News: Sion Power Raises $75M Series A

2024-01-24
TUCSON, AZ, Sion Power, a developer of next-generation batteries for electric vehicles, has secured $75 million in Series A funding.
Sion Power Corporation, a leading technology developer of next-generation batteries for electric vehicles (EV), announces that it has secured $75 million in Series A funding. The round was led by leading global battery manufacturer LG Energy Solution (the investment to be executed through LG Technology Ventures and Bricks Capital Management) and repeat participation from mathematician Jim Simons' Euclidean Capital. The company also secured new investment from former Google CEO, Eric Schmidt's Hillspire LLC.
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