What is Ionic Technologies?
Ionic Technologies, formerly Seren Technologies and a spin-out from Queens University Belfast, operates as a magnet recycling subsidiary under Ionic Rare Earths Limited (ASX: IXR). The company is at the forefront of global permanent magnet recycling, utilizing a patented process to recover magnet rare earths. This proprietary technology enables the creation of the world's first sustainable magnets, offering a scalable solution for nations to establish supply chains insulated from geopolitical risks. Its technology is designed for rapid deployment, facilitating the establishment of sovereign rare earth supply chains.
How much funding has Ionic Technologies raised?
Ionic Technologies has raised a total of $14.8M across 1 funding round:
Grant
$14.8M
Grant (2025): $14.8M with participation from Advanced Propulsion Centre
Key Investors in Ionic Technologies
Advanced Propulsion Centre
The Advanced Propulsion Centre collaborates with the UK government, automotive industry, and academia to accelerate the industrialization of technologies aimed at achieving net-zero emission vehicles. They provide funding and support for innovative low carbon technologies at various stages, from concept to large-scale transformation.
What's next for Ionic Technologies?
The recent major strategic investment positions Ionic Technologies for accelerated growth and market penetration. This backing is expected to fuel the scaling of its patented recycling processes, enhance its technological capabilities, and expand its global reach in establishing sovereign supply chains for critical rare earth elements. The company's focus on sustainable magnet production aligns with increasing global demand for environmentally responsible materials and supply chain security.
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