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Ebbe Dommisse from IonDrive (ASX: ION) shares how the company is raising $6M to boost its innovative battery recycling technology. IonDrive uses biodegradable solvents to lower waste and cost, aiming to seize opportunities in Europe and the US from 2030 onwards.
The capital raised garnered immense enthusiasm, attracting institutional investors like Terra and bolstering the company's market reach. Ebbe highlights the need to establish a commercial plant in Europe or the US to remain competitive and capture market share.
Funds will focus on scaling technology and business development. With a solid 18-month strategy, IonDrive explores further funding and grants to accelerate progress. Strengthening its leadership team ensures market success and tackles battery recycling challenges effectively
ION Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)