The us battery developer was acquired by total and emerging battery, technologies are growing rapidly

Total, the French oil giant, said its venture capital arm had bought an undisclosed stake in Ionic Materials, a privately held battery developer based in Massachusetts.

Ionic Materials provides research and development services and is focused on developing advanced materials for high-energy density batteries that are said to be safer and cheaper than conventional materials.

"We have decided to invest in Ionic Materials to keep a close eye on the technology. "This technology could be one of the most promising avenues for solid-state batteries. Total declined to say how much it bought.

In February, Ionic Materials said it had raised $65 million in series C funding from a group of financial and strategic investors.

"Total energy investments (TEV) is paying close attention to energy storage, particularly emerging battery technologies." TEV has invested about $1 billion in more than 30 startups in the technology and energy sectors, totally said. 600 million dollars.

Total says IonicMaterials' breakthrough technology can significantly improve battery safety, performance, and cost. Solid-state batteries are considered the next generation of batteries for a variety of applications, including electric vehicles.

The total has expanded its portfolio of renewable energy assets since 2013 as global energy consumption has shifted to cleaner and more efficient use.

In 2016, totally bought French battery maker svettel for $1 billion.

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