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Ultion Technologies raises Series A funding led by Torus to scale domestic production capacity. The funding will create high-quality American manufacturing jobs.

Jul 15, 202518 days ago

Round Type

series a

Las VegasManufacturing

Investors

Battle Born VentureTorus

Description

Ultion Technologies, a Las Vegas, NV-based lithium iron phosphate (LFP) battery cell technology and energy storage systems company, raised an undisclosed amount in Series A funding. The round was led by Torus, with participation from Battle Born Venture. The company intends to use the funds to scale domestic production capacity more than fivefold. This move aims to create high-quality American manufacturing jobs.

Company Information

Company

Ultion Technologies

Location

Las Vegas, Nevada, United States

About

Ultion Technologies specializes in lithium iron phosphate (LFP) battery cell technology and energy storage systems. They focus on scaling domestic production capacity to support high-quality American manufacturing jobs. Their products cater to a variety of applications, including grid storage, medical, industrial, defense, and aerospace sectors. Led by CEO Dr. Johnnie Stoker, Ultion Technologies is committed to quality and supply chain security through U.S. manufacturing.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers