Amionx, Inc.

Amionx, Inc. is a technology firm specializing in advanced battery safety solutions. Its flagship product, SafeCore, enhances lithium-ion battery safety, making it vital for electric vehicles and military applications. Founded in 2016, Amionx, Inc.

is headquartered in Carlsbad, US, focusing on the development of battery safety technologies. The company has not undergone significant pivots or changes in its core operations. Jenna King serves as the CEO. Amionx raised USD 6.

00 mn in a Series B funding round on October 5, 2021, with contributions from investors including Hongkou Capital, Inherent Group, and Qualcomm Ventures. This funding raised the total amount to USD 6. 00 mn, reflecting its status as the investment target. Amionx specializes in advanced battery safety technology, particularly its flagship product, SafeCore.

This technology acts as a built-in fuse to prevent thermal runaway in lithium-ion batteries, significantly enhancing safety. SafeCore allows for the creation of lighter battery packs, especially relevant for electric vehicles where traditional encasements can contribute to substantial weight. End users primarily include manufacturers of electric vehicles and military applications, aiming to improve battery safety across both consumer and defense sectors. The company’s solutions are utilized in the US and potentially expand into global markets targeting electric vehicles and military technology.

Amionx generates revenue through business-to-business partnerships, particularly within the automotive and military sectors. Their SafeCore technology is integrated into client battery designs, facilitating a streamlined supply chain without major capital expenditures for integration. Transactions primarily involve contracts for customized battery solutions, ensuring compliance with safety regulations and performance standards. The revenue model is based on project contracts where clients fund the implementation of SafeCore technology as part of their battery development process, reflecting the custom nature of their offerings.

Amionx, Inc. plans to use the USD 6. 00 mn raised in the Series B funding round to accelerate the deployment of its patented SafeCore technology among lithium-ion battery manufacturers. The company is focused on designing new products that will enhance battery safety and aims to expand into new geographic regions beyond the US.

Specific markets targeted for growth have not been disclosed, but the company seeks to broaden its reach in electric vehicle and military applications globally.