Lithion battery announces equity partnership with Koch Strategic Platforms.
Lithion Battery Inc. (“Lithion” or the “Company”) announced that the Company has completed a transaction with Koch Strategic Platforms (“KSP”). KSP is providing the Company with growth capital, becoming a strategic minority investment partner in Lithion. TriWest Capital Partners (“TriWest”), a leading Canadian based private equity fund, remains as the majority equity holder.
Lithion is a vertically integrated manufacturer of battery cells and rechargeable and non-rechargeable battery modules and packs serving industrial, medical, robotic, military / defense and energy end-markets.
Lithion works closely with original equipment manufacturers and end users to provide custom and high-quality power solutions for critical applications where reliability is paramount.
Tyler Armstrong, President & CEO of Lithion.
Lithion has assembled the building blocks to effectively execute on our strategy to bring reliable domestic manufactured cells and battery modules to market providing electrification solutions for numerous products in a variety of end markets.
“Securing KSP as an investment partner will accelerate the implementation of our growth initiatives and strengthen Lithion’s position as the reliable supplier of cells and battery modules for our customers.”
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Jeff Belford, Senior Managing Director at TriWest.
Over the past year, Management at Lithion has significantly advanced the Company’s value creation strategy and we are excited to partner with KSP to further accelerate Lithion’s growth plans
“Lithion’s approach to providing leading cell and battery module solutions for customers, along with ensuring reliability of supply will provide customers with the electrification solutions demanded in the marketplace today. KSP’s strategic support will accelerate the continued build-out of the Company’s products and facilities”.
KSP, founded as part of Koch Industries’ investment arm, Koch Investments Group, focuses on growth equity through four thematic sectors—computing and connectivity, industrial automation, health care, and energy transformation.
KSP moves beyond capital investment by leveraging the resources and capabilities of Koch Industries to accelerate growth for companies in which it invests while seeking opportunities for new platforms within Koch.
Jeremy Bezdek, Managing Director for Koch Strategic Platforms.
We believe Lithion’s customizable cell and battery module solutions will be a game changer for industry seeking electrification technology beyond the ‘one size fits all’ approach.
“KSP is excited to partner with Lithion and help accelerate their delivery to market.”
Lithion Announces Equity Partnership with Koch Strategic Platforms, HENDERSON, Nev., WICHITA, Kan. and CALGARY, AB, June 29, 2021
