theion has successfully secured €15 million in a Series-A funding round led by Team Global. The funding aims to accelerate the development of their next-generation crystal sulfur batteries.

theion, a developer of sulfur battery technology, has announced the successful closing of a €15 million Series-A funding round to help accelerate the development of its next-generation crystal sulfur batteries. The investment was led by Team Global, with participation from Geschwister Oetker Beteiligungen and Enpal. This funding is seen as essential for strengthening Europe’s position in the battery market by offering a sustainable alternative to lithium-ion technology. The crystal sulfur battery developed by theion is touted as a breakthrough in energy storage, promising higher energy density and reduced costs.