Illini Angels Announces First Investment to Natrion
Illini Angels, launched in February 2023, is managed by Research Park’s Illinois Ventures. The angel network supports early-stage companies that have founders or leadership who are connected to the U of I System family – faculty, alumni, or students from any of the three universities, as well as companies that license university technology with seed funding, advice, and mentorship.
“Natrion is an exceptionally promising company and Alex is a very impressive founder,” Illinois Ventures Senior Director Tom Parkinson said.
Natrion, a solid-state EV battery pioneer, develops components for automotive and battery manufacturers that can be rapidly utilized to deploy safe, high-performance all-solid-state rechargeable batteries. Eliminating liquid-state components, these batteries improve electric vehicle fire safety, driving range, charge time, and overall lifespan.
“Solid-state battery technology will be a critical enabler of the energy transition, and Natrion provides a compelling solution in the space, strong early traction with marquee customers and a commercially oriented leadership team with a bold vision for the company’s growth.” said Manas Gosavi, an Illini Angels founding member and venture capital investor with Mubadala Capital.
Natrion was founded in 2018 by Alex Kosyakov, a University of Illinois undergraduate engineering student. They have R&D facilities in Champaign, including a semi-automated pouch cell production line for the manufacturing of prototype multi-layer pouch cells as would be used in portable electronics or electric vehicles.