Ultion Technologies has secured Series A funding to expand domestic manufacturing of lithium iron phosphate (LFP) battery cells and energy storage systems in the USA.
Led by Utah-based energy firm Torus and joined by mission-aligned investors including Nevada’s state-backed Battle Born Venture, the funding marks a strategic step toward strengthening America’s battery supply chain.
The investment comes amid global concerns over supply dependence, with 70% of battery production and 90% of processing taking place outside the USA. Ultion’s fully integrated and scalable LFP systems offer a homegrown solution to mitigate reliance on imports and improve supply chain resilience.
“Every battery imported from outside the US is a missed opportunity for American jobs and a vulnerability in our energy security,” said Dr Johnnie Stoker, CEO and founder of Ultion Technologies. “This funding proves not only that American-made batteries can compete with imported batteries in performance and cost – but that our proven cell technology and deep industry expertise position Ultion to lead America’s growing energy storage market.”
The founding team, with over two decades of experience building battery factories across China, Finland, Ireland and the USA, is now focused on scaling Ultion’s Nevada production facility. The site currently operates on a mostly domestic supply chain and aims to reach fully domestic sourcing.
With plans to grow capacity fivefold, the company is poised to create high-quality manufacturing jobs while advancing the USA transition to secure and sustainable energy storage.
