Ultion’s expansion of domestic battery manufacturing will strengthen the U.S. supply chain when the global battery energy storage market is projected to exceed $1.2 trillion in investments by 2034 which has been trending toward overseas suppliers.
In a decisive step toward U.S. energy independence, Ultion Technologies, a Nevada-based battery manufacturing company, has closed its Series A funding round which was led by Utah-based Torus that is a pioneer in full-stack energy storage systems.
The funding round also includes participation from mission-aligned investors such as Battle Born Venture, Nevada’s state-sponsored venture capital program which the Governor’s Office of Economic Development (GOED) has oversight, and is a key driver of Nevada’s innovation ecosystem.
This investment positions Ultion as a key player in the national effort to reduce reliance on foreign battery supply chains. The company is the only fully integrated American manufacturer currently shipping advanced lithium iron phosphate (LFP) battery cells and energy storage systems at scale.
This is a critical differentiator as demand for domestically sourced energy technology accelerates.
Tackling America’s Battery Supply Chain Crisis
Today, more than 70% of global battery production is based in Asia, and 90% of battery materials are processed outside the U.S. that is a strategic and economic vulnerability. The Ultion-Torus funding announcement directly responds to this issue by expanding battery production on U.S. soil with an emphasis on domestic sourcing.
Ultion delivers high-performance lithium iron phosphate (LFP) battery systems across diverse industries through its vertically integrated operations.
“Every battery imported from outside the U.S. is a missed opportunity for American jobs and a vulnerability in our energy security,” said Dr. Johnnie Stoker, CEO and founder of Ultion Technologies. “This funding proves not only that American-made batteries can compete with imported batteries in performance and cost — but that our proven cell technology and deep industry expertise position Ultion to lead America’s growing energy storage market.”
A Veteran Team with Global Battery Experience
Ultion’s core founding team, led by Dr. Stoker, brings over two decades of global battery expertise, including the development of six early-stage lithium battery factories across China, Finland, Ireland, and the United States.
This deep bench of experience is now being channeled into building the U.S.’s battery infrastructure from the ground up that is now anchored by a vertically integrated manufacturing plant in Nevada.
Ultion’s LFP batteries are already powering mission-critical applications across grid storage, medical, industrial, and defense sectors.
The new funding will scale domestic production fivefold, leading to the creation of high-quality manufacturing jobs and building a resilient supply chain from raw materials to finished energy systems.
Torus: Strategic Investor and Customer
Torus, which designs smart, secure mini-power plants for use in commercial, industrial, and defense sectors, brings not just capital, but operational insight to the investment.
“As both an investor and customer, we understand the risks of depending on overseas battery suppliers,” said Nate Walkingshaw, co-founder and CEO of Torus. “Ultion’s proven, domestically produced batteries give us unmatched reliability, shorter lead times, and the ability to innovate without international supply chain delays.”
Torus’s investment in Ultion builds the case for building vertically integrated energy solutions in America.
Creating a New Era of U.S. Battery Manufacturing
According to energy research firm Wood Mackenzie, the global battery energy storage market is projected to exceed $1.2 trillion in investments by 2034, largely driven by the transition to grid-forming renewable energy.
Without a robust domestic battery manufacturing base, the majority of that value will continue flowing overseas. Ultion aims to reverse that trend.
The Series A funding enables the company to:
- Expand production capacity over 500% within the next phase
- Deepen its domestic supply chain relationships
- Drive innovation in battery chemistry and energy systems
- Support national and regional clean energy goals
As one of the few companies producing LFP battery cells and packs at commercial scale in the U.S., Ultion is uniquely positioned to build a self-sufficient battery ecosystem that powers homes, hospitals, critical infrastructure, and national security.
Investing in Energy Resilience and American Jobs
The company’s growth also aligns with broader federal and state economic development priorities, including the Inflation Reduction Act’s support for domestic clean energy manufacturing and Nevada’s growing role as a clean energy hub.
The Battle Born Venture fund, which co-invested in this round, reflects Nevada’s commitment to nurturing energy innovation and supporting startups that contribute to job creation and supply chain resilience.
As the U.S. continues its transformation toward renewable energy and clean tech leadership, the Ultion-Torus partnership signals more than just a business investment — it contributes toward a secure, sustainable, and self-reliant energy future.
