Saft owner Total ‘invests in polymer tech firm Ionic’

The venture capital unit of French oil and gas giant Total has reportedly acquired a stake in Massachusetts-based polymer tech firm Ionic Materials.

Total, which acquired French battery maker Saft in 2016, told Reuters: “We have decided to invest in Ionic Materials in order to keep a closer look on this technology which may represent one of the most promising path for the development of solid-state batteries.”