Natrion

Natrion

Private
Binghamton, New YorkEnergy & Sustainabilityhttps://www.natrion.co

Last Round

Seed Round

Apr 14, 2026

Total Funding Raised

$4.95M

Company Overview

Natrion is a U.S.-based advanced materials company that develops and manufactures next-generation components for solid-state batteries. Its flagship product is the Lithium Solid Ionic Composite (LISIC), an "active separator" designed as a drop-in replacement for conventional separators in existing lithium-ion battery manufacturing lines. This technology aims to eliminate flammable liquid electrolytes, thereby mitigating fire risk while enhancing battery performance, thermal stability, and energy density. Natrion serves the electric vehicle, energy storage, aerospace, and defense industries. The company is backed by venture capital investors, including Mark Cuban and TechNexus, and has received funding from the U.S. Department of Defense and the National Science Foundation. Natrion operates facilities in Binghamton, New York and Champaign, Illinois.

Sector

Energy & Sustainability

Verticals

Advanced Materials, Energy Storage, Electric Vehicles, Defense Tech, Aviation & Drones

Business Model

B2B

Customer Profile

Hardware Sales, Government Contracts

AI Layer

Non-AI

Keywords

solid-state batterysolid-state electrolytebattery componentdrop-in replacementbattery separatorelectric vehicle batteryEV batteryadvanced materialsdefense techaerospace batterybattery technext-gen batterylithium-metal anodebattery manufacturerNa-ion battery

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Natrion Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Natrion Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Seed RoundApr 14, 2026
GrantJun 9, 2025
GrantAug 14, 2024
SeedNov 27, 2023
SeedMay 25, 2022
Grant
Oct 19, 2021

Key People

Founding team and executive leadership

Duke Shih

Chief Technology Officer

Executive Team

John Fox FRSA

Chief Operating Officer

Executive Team

Market signals

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  • Apr 14, 2026

    Raised $4.6M in a Seed Round.

  • Aug 25, 2025

    Alexander Meek joins the board as a Commercial Advisor.

Natrion Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Natrion Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersBinghamton, New York
Employee Range29
Year Founded2018
Last FundingApr 14, 2026

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