Ionic Industries logoIonic Industries has announced a successful fund raising of over AUD$2 million (around USD$1.55 million) through a capital raising with Melbourne Capital Limited.

The funds will be used for a range of functions in support of Ionic's ongoing supercapacitor technology development and scaled-up manufacturing, including: intermediate scale up equipment, ongoing research, commercial negotiations, and more.

Following a long period of reduced pace of Ionic's development work due to COVID restrictions, the company reports that it is now back to COVID-normal operations and looking forward to making significant progress over the coming months. Its efforts include advancing commercial testing of materials, progressing commercial discussions with potential partners and exploring new avenues to market for bespoke supercapacitor applications.