Sion Power Inks $50M from BASF
Tuscon-based Sion Power Corp., a maker of rechargeable lithium sulfur batteries, announced Thursday that it sealed $50 million in equity financing from chemical maker BASF. The company did not disclose the size of BASF’s stake in Sion Power. In December, peHub reported the $50 million financing, citing a regulatory filing. The Sion Power board includes James Simons, president of investment firm Renaissance Technologies Corp.; and Leo Guthart, chief of Long Island-based venture capital firm Topspin Partners.
12 January 2012•3 mins read
