ACT-ion Battery Technologies develops coated single-crystal cathode active materials (CAMs) for lithium batteries using a rapid continuous, clean, and chemistry-agnostic manufacturing process that aims to lower energy use and cost. The company is led by CEO Jin Lim and is based in Dallas, Texas. It is building and commissioning a pilot production facility in Carrollton, Texas, to scale its CAM production. ACT-ion intends to use recent funds to complete the pilot build-out and to secure commercial validation and offtake agreements with partners in the electric vehicle and energy storage sectors. Financially, the company recently closed a $4M Pre‑Series A extension led by Kyobo Life Insurance Group and KB Investment. That $4M followed an initial $7.5M close with participation from BASF Venture Capital, Hunt Energy Enterprises, Arosa Capital, Mirae Asset Capital, and LG Technology Ventures, bringing total disclosed funding to $11.5M. ACT-ion develops lithium battery cathode active material (CAM) production technology using a rapid continuous process that yields coated single crystal CAMs through a clean, chemistry-agnostic method requiring lower energy and cost. The company was incubated within and spun out of Hunt Energy Enterprises LLC. Led by Jin Lim, CTO and Interim CEO, ACT-ion has successfully demonstrated its manufacturing platform for a variety of chemistries. The company is based in Dallas, Texas. ACT-ion intends to use new funding to accelerate its CAM production technology and to establish an operational pilot facility by 2025, with validations from industry partners. The article reports a $7.5M fundraising, indicating early-stage capital to commercialize the platform.

Total raised

$12M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2025