Issue Date: January 22, 2018
Three automakers back Ionic Materials
The auto manufacturing alliance made up of Renault, Nissan, and Mitsubishi says it will invest up to $1 billion with technology entrepreneurs over the next five years. The first investment by the group’s new venture fund is in start-up Ionic Materials. Founded by Tufts University materials scientist Michael Zimmerman, Ionic has developed a solid-state polymer electrolyte for high-power batteries. The three automakers and Ionic say they will conduct materials research together.
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