UK EV Battery Startup IONETIC Names Ex-Aston Martin CEO Andy Palmer as Chairman

IONETIC, a UK start-up specialising in electric vehicle (EV) battery pack technology, has appointed automotive executive, Dr. Andy Palmer, as its Chairman. Palmer has served as COO and Chief Planning Officer of Nissan Motor Corporation,and President & Group CEO of Aston Martin Lagonda.

At Nissan, he oversaw the development and introduction of the world’s first mass-market EVs, the Nissan LEAF and Nissan e-NV200.

IONETIC's EV battery pack design platform can produce a bespoke battery pack design in minutes.

Its battery packs offer over 30% more energy density than off-the-shelf solutions, while reducing development costs.

Once it opens its first UK-based factory, IONETIC will be the only UK-based EV battery pack developer to offer an end-to-end solution – managing the entire process from initial design conception, through to homologation, testing and giga-scale production.

James Eaton, CEO and Co-Founder of IONETIC, adds: “IONETIC was founded to support vehicle manufacturers in making the shift to electrification, bringing innovation to the industry to make that transition easier and faster. Andy has demonstrated that same commitment to intelligent innovation throughout his career. His knowledge and experience will be central to advancing our growth and I’m excited to have him as part of the team.”

Dr. Andy Palmer, Chairman of IONETIC, says: “I have witnessed first-hand the need for more cost-effective battery pack solutions that can still meet the performance criteria of automotive OEMs, especially in lower volume. IONETIC is doing just this, and I have great belief that its offering will significantly reduce the challenge and headaches of electrification for OEMs. I look forward to working with James and his brilliant team whilst using my experience to further develop their solution and take the business to the next level.”

Founded in January 2022, IONETIC’s mission is to give niche vehicle-makers and automotive OEMs a highly efficient and cost-effective route to electrification.