Boulder Ionics develops high-performance electrolytes and electrochemical‑grade ionic liquids for demanding energy storage devices, using a proprietary high‑throughput synthesis platform. The company says it is the first to manufacture ultra‑high‑purity ionic liquids at prices that enable commercial adoption. Its Iolyte® products target applications including ultracapacitors, lithium‑ion batteries and next‑generation metal‑air batteries. Proceeds from the announced investment will support a collaborative research program and license arrangement with CSIRO and the creation of an Australian subsidiary. The company intends to accelerate commercialization and expand relationships in the Asia‑Pacific energy storage market with support from Southern Cross, SBCVC and ARENA. Boulder Ionics was founded in 2011 and maintains corporate headquarters and pilot manufacturing facilities near Boulder, Colo. Boulder Ionics Corporation develops a novel, high-throughput, low-cost synthesis platform for producing electrochemical-grade ionic liquid electrolytes for advanced energy storage devices. Its ionic liquids (room-temperature molten salts) are positioned as safer, higher-performance replacements for flammable organic solvents used in devices such as lithium-ion batteries. The company completed a $4.3M Series A financing to advance commercialization. Proceeds will be used to further protect intellectual property, expand the team, and build a pilot production facility for electrochemical-grade ionic liquids. The financing complements nearly $1M in grant awards from the National Science Foundation, the U.S. Air Force and the U.S. Navy. The company is led by CEO Dr. Jerry Martin.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2013