Sion Power Corp. has raised $50 million in new equity financing, according to a filing with the Securities & Exchange Commission. A single investor participated in the offering.

Sion Power is the leading developer of the next high energy rechargeable battery technology. This exciting new technology is based on the elements lithium and sulfur. These two combine to yield a battery system with the highest theoretical gravimetric and volumetric energy densities of any battery couple. This will enable many new applications where the limited energy available from current batteries is holding back the advancement of new products or is limiting the features of current ones.