Volexion, an advanced materials company pioneering a graphene-based coating that dramatically enhances cathode active material (CAM) performance in lithium-ion batteries, has released a statement that announces the appointment of Joseph X. Adiletta as Chief Executive Officer, which seems to coincide with a recent funding round closing.
While no details were given on this recent funding round, the statement said that "Adiletta joins at a pivotal moment as Volexion accelerates its next phase of growth, scaling production, advancing customer pilots, and preparing for commercial deployment. The announcement follows the recent close of financing to support the company’s go-to-market efforts".
“This is a critical inflection point for battery innovation,” said Joseph X. Adiletta, the new CEO of Volexion. “As demand for higher-performing batteries accelerates across consumer, mobility, electrification, and defense markets, Volexion delivers breakthrough performance within existing cell designs, while also enabling next-gen chemistries. And it does so with full compatibility for a localized, scalable supply chain. I’m excited to help bring this technology to market and unlock its full impact.”
Co-founder and current CEO, Damien Despinoy, will step into the role of President & Chief Operating Officer, overseeing organizational growth, scaling initiatives, and customer experience. The shift reflects Volexion’s evolution from R&D to market readiness. “As we move from lab R&D to production, our priorities are shifting toward execution and delivery,” said Damien Despinoy, Volexion co-founder and newly appointed COO. “I’m excited to focus my efforts on speed and scale, while deepening collaboration with customers. We’re leveraging the right team at the right time, with the right technology to help our customers solve critical problems and enable next-gen materials and systems.”
Volexion’s coating enhances lithium-ion battery performance by increasing cathode stability, conductivity, and energy density, without requiring modifications to existing manufacturing lines. Using commercial-off-the-shelf equipment, Volexion’s cost-effective solution ensures scalability and improved price-performance.
