Wednesday, June 21, 2017

Amionx Gets Funding From Qualcomm

Carlsbad-based Amionx, a developer of technology which is aimed at making lithium-ion batteries safer, has raised a strategic round of funding from San Diego-based Qualcomm, according to the two companies on Tuesday. Size of the investment was not announced. According to the companies, Qualcommm President Derek Aberle joins the board at Amionx. Amionx says it is developing technology which acts like a circuit breaker in lithium-ion batteries, which prevents them from becoming the source of a fire or explosion. The company is a spinout of American Lithium Energy (ALE). Jenna King is the CEO of Amionx. More information »