ACT-ion appoints Mark McGough as chief executive officer
Founder Jin Lim transitions to full-time CTO while McGough drives commercial scaling and domestic manufacturing expansion at the new Texas pilot facility.
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Manufacturer of lithium-ion cathode active materials
act-ion.comLast updated
In short: ACT-ion established a new Texas pilot plant, raised $11.5 million in funding, and appointed a new leadership team to scale operations.
Founder Jin Lim transitions to full-time CTO while McGough drives commercial scaling and domestic manufacturing expansion at the new Texas pilot facility.
The plant will scale clean manufacturing for next-generation battery materials, creating jobs and strengthening the supply chain.
The extension brings total round to $11.5 million, led by South Korean institutions Kyobo Life and KB Investment, to fund pilot production.
He brings decades of CAM experience from Tesla, BASF, and Apple and will lead commercialization toward a 2025 pilot-scale CAM production launch.
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