Innovasion Labs PINC, founded in California by Dr. İnanç Ortaç, has secured a $2 million investment.

15.03.2023
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Meryem Miray Bilgen
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Innovasion Labs PINC, founded in California by Dr. İnanç Ortaç, has secured a $2 million investment.

Innovasion Labs PINC Secures $2 Million Investment

Innovasion Labs PINC, a San Diego-based company working on next-generation lithium-ion battery technology, has raised a $2 million investment, bringing its total funding to over $5 million.

Founded in California by Dr. İnanç Ortaç, PINC is developing a revolutionary energy storage technology that significantly reduces ion travel distance, enabling charging times to drop to just seconds.

The investment round was led by APY Ventures, with participation from angel investors including Kerim Kotan and Cihan Elbirlik, as well as U.S.-based Keshif Ventures.

Breakthrough Battery Architecture

Rather than improving individual battery components, PINC focuses on redefining battery cell geometry. Its unique design interlocks the anode and cathode, dramatically increasing surface area and reducing ion flow distance.

This innovation enables:

Charging times reduced to seconds for devices such as electric vehicles, smartphones, and drones

Significantly higher energy density, potentially exceeding current technologies by multiple times

Up to 90% reduction in battery size, depending on the chemistry used

The company aims to achieve 80% charge in just 2 seconds and exceed 1,000 Wh/kg energy density with its initial prototype.

Next Steps

With this investment, PINC plans to move from proof-of-concept to prototype development, validating its technology through independent institutions and preparing for scalable production.

The company is also integrating industrial semiconductor nanotechnology techniques into battery manufacturing to keep production costs low, while strengthening its management team and advancing toward commercialization.

Additionally, PINC continues to benefit from support such as the CalSEED fund from the California Energy Commission and other strategic collaborations.

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Innovasion Labs PINC, founded in California by Dr. İnanç Ortaç, has secured a $2 million investment. | APY Ventures