VOLEXION, INC.

Evanston, IL · Founded 2018 · Energy · Private

Graphene-based coating for lithium-ion battery cathodes

Claim this profile

Follows are private to you and power your alerts

Updated Oct 23, 2026 · volexion.com

Sector: Energy
Headquarters: Evanston, IL
Founded: 2018
Latest Form D: $1.4M, Jul 2025
Total capital: $5.7M

Federal grants: $1.9M; 3 awards · 2019–2021; Rank in peer group#6 of 53
Private capital raised: $3.7M; 3 Form D · last Jul 2025; 16 months since last filing
Federal contracts: $53K; 1 award · NASA; Rank in Energy#199 of 998
Granted patents: None on recordNo USPTO grants. Applications publish after 18 months.

Capital timeline

Latest events

Jul 2025Private capital raisedForm D · SEC · 3rd filing$1.4M
Apr 2023Private capital raisedForm D · SEC · 2nd filing$961K
Dec 2021Federal grantNSF · Phase II · STTR Phase II:Multi-functional, Scalable Graphene-Based Protective Coatings for High Energy Density Lithium-Ion Cathodes$1.5M
Jun 2021Federal grantEnergy · Phase I · Conformal Graphene-Based Coatings for No-Cobalt, High-Performance Lithium-Ion Batteries$200K
Apr 2021Private capital raisedForm D · SEC · 1st filing$1.3M
Sep 2019Federal contractNASA · Metallic Carbon Nonotubes$53K
Jul 2019Federal grantNSF · Phase I · STTR Phase I: Scalable Integration of Graphene-Enhanced Coatings for High-Energy Lithium-Ion Battery Cathodes$225K

Node area is scaled to amount. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.

Federal first

21months

from VOLEXION, INC.’s first federal award to its first private round.

First federal award · Jul 2019: NSF · $225K
First Form D · Apr 2021: $1.3M · 1st Form D
Awards before first raise: 2 awards

An association in public records, not a cause or a prediction.

Standing among 53 peers

Line = median

Energy · Material

Federal grants#6 · top 11%

Cumulative measures favor older companies. Rankings describe position today, not outcome. Below the median, ranks show as a band rather than a number.

Founders and team

Researcher links verified by same-company patents and grants

Damien DespinoyResearcherExecutive Officer, DirectorLinked by $1.5M in grants as PI
David MillerDirectorNamed in SEC Form D filings
Mark HersamExecutive OfficerNamed in SEC Form D filings
Steve FosterDirectorNamed in SEC Form D filings

What it has protected

No granted patents are on record.

USPTO usually publishes applications 18 months after filing, so recent applications may not be visible yet. Patents assigned under a different entity name won’t match.

Checked: USPTO granted patents and published applications · Oct 23, 2026

VOLEXION INCShares a founder: Damien Despinoy, Jung Woo Seo
GLOBAL ENERGY CORPORATIONSimilar federal contract value in Energy · $69K in contracts
SOLAR DYNAMICS LLCSimilar federal contract value in Energy · $67K in contracts
Giner ELX, Inc.Similar federal contract value in Energy · $66K in contracts
Lupine Materials and Technology, Inc.Similar federal contract value in Energy · $50K in contracts
RAVENSAFE LLCSimilar federal contract value in Energy · $50K in contracts

Regulatory activity · Energy

Sector-level, not company-level

09 Jul 2026Air Plan Approval; Michigan; Redesignation and Maintenance Plan for the Partial St. Clair 2010 1-Hour Sulfur Dioxide (SO2) NAAQS Nonattainment AreaEnvironmental Protection Agency
02 Jul 2026Air Plan Approval; Delaware; 2006 24-Hour Fine Particulate Matter Limited Maintenance Plan for the Philadelphia Nonattainment AreaEnvironmental Protection Agency
02 Jul 2026Air Plan Approval; Oklahoma; Updates to the State Implementation Plan for New Source Review Permitting and General SIP ProvisionsEnvironmental Protection Agency
01 Jul 2026List of Approved Spent Fuel Storage Casks: NAC International, Inc., MAGNASTOR® Storage System, Certificate of Compliance No. 1031, Amendment Nos. 16 and 17 and Revisions to Amendment Nos. 0 Through 16Nuclear Regulatory Commission
30 Jun 2026Epyrifenacil; Pesticide TolerancesEnvironmental Protection Agency
30 Jun 2026Fluoxapiprolin; Pesticide TolerancesEnvironmental Protection Agency

Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.

Sources

Federal grants from SBIR/STTR, NIH, NSF and DoD records. Federal contracts from USAspending.gov. Private capital from SEC Form D. Patents from USPTO. Publications from OpenAlex. Regulatory activity from the Federal Register. Press matched on company name.

How to read this page

Figures show associations in public records, not causes or predictions. Nothing here is investment advice. An em-dash means no record was found under this company's name, not that none exists.

Data freshness

SEC Form D filings through Oct 23, 2026. SBIR and STTR awards through Oct 21, 2026.