Press Release

Ballard Spahr Represents ION Clean Energy in $45M Series A Fundraising Round

April 9, 2024

Ballard Spahr represented ION Clean Energy in its Series A financing, which netted $45 million from Chevron New Energies and Carbon Direct Capital.

ION makes post-combustion carbon capture technologies. The capital raised will continue funding the company’s growth and commercial deployment of its ICE-31 liquid amine carbon capture technology for hard-to-abate emissions.

The Ballard Spahr team that advised ION was led by Nathan E. Seiler, Chair of the firm’s Business and Transactions Department. It included Partner Gregory Szewczyk, who leads the firm’s Privacy and Data Security Practice; Partner Christopher A. Jones, who co-leads the firm’s Tax Group; Labor and Employment Special Counsel Mary M. O’Brien; and Mergers and Acquisitions Associates William Ross Mitchell and Denise Veldman.

For further information, please see ION's press release.

For media inquiries, please contact Will Ashenmacher at 612.371.5792.

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