Ionblox, a next-generation lithium-ion battery company announced a second close of its Series B round at $32 million. Strategic partners include original investors Lilium and Applied Ventures who were joined by Temasek and Catalus Capital. The company will use the increased Series B funding to scale its technology, develop advanced high-power cells for electric aviation, and prototype fast-charge cells for Electric Vehicles.

The funding from this round will enable Ionblox to scale the technology and set up their own cell manufacturing in the U.S. and beyond.

Ionblox is leading the electric mobility revolution by delivering superior technology and enabling electric vehicle (EV) and electric vertical take-off and landing vehicle (eVTOL) companies to achieve their goals.