Axios, Steve LeVine Feb 28

The U.K.’s Dyson and South Korean industrial giant Samsung — both bruised by setbacks in their efforts to master modern batteries — are members of unusually high-powered investment round in a little-known Massachusetts startup, Axios has learned.

What we’re hearing: Some of the world’s biggest industrial companies are part of the $65 million investment in Ionic Materials, attracted by the belief that it has solved one of the longest-unsettled problems in batteries: how to use solid state technology without fire hazards or astronomical production costs.

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