Solvionic completes a €4 million funding round from Omnes and IRDI Soridec

Solvionic completes a €4 million funding round from Omnes and IRDI Soridec
Monday, October 28, 2019

Solvionic, start-up specialised in fine chemistry (ionic liquids), has completed a €4 million funding round from Omnes and IRDI Soridec.

Founded in 2003 and based in Toulouse, Solvionic uses innovative technology to produce high purity materials (ionic liquids), used in batteries of the future; safer, more powerful and longer lasting.

The company produces ionic liquids with numerous applications in the fields of catalysis and surface treatment, but also in energy storage. The latter has been a priority target since 2013, driven by a rapidly growing battery and supercapacitor market. Its products, used as electrolytes, not only guarantee the safety of energy storage devices, but also significantly enhance their energy performance, cyclability and recyclability. Solvionic notably generates 80% of its export sales in Europe, the United States, Japan and Korea

The battery market, which has experienced continuous 26% growth per annum since 2010, is now looking for ways to ensure the safety and performance of energy storage. Solvionic has recognized expertise in research & development with a proven portfolio of existing products.

With this transaction, Solvionic is giving itself the means to strengthen its sales teams and massively increase its production capacity to gain a foothold in the market.

François Malbosc, Founding CEO, Solvionic: “We have found Omnes and IRDI Soridec to be professionals with whom we share the same vision of issues relating to electrochemical storage of energy. Solvionic is a global player. Omnes and IRDI Soridec allow us to structure our capital to achieve our ambitious goal: becoming the leader of the new generation electrolyte."

Marc Gasser, Associate, Omnes: “This investment perfectly illustrates our investment thesis in deeptech. Solvionic has the potential to revolutionize energy storage by responding to the security and performance needs of the global market. An experienced team, high-performance products and a strong customer base made up of big names in the industry are all assets that make Solvionic a key player."

Mathieu Goudot, Investment Director, IRDI Soridec: “Present in the region for 16 years, François Malbosc has built a leading team recognized internationally. Its disruptive technology offers unprecedented opportunities in the world of energy storage in the perpetual search for performance and safety. We are pleased to support the firm in the strategic focus within this buoyant market."