Mitra Chem

Also known as Mitra Future Technologies

United StatesMaterials and chemistryMountain View, California, United StatesFounded 2021Private

Develops and makes iron-based battery cathode materials (LFP and LMFP) with machine learning and automation in its own pilot plant, and now calls itself an AI-native platform for scaling up critical materials, with a foundry and process models it plans to deploy in customers' factories.

Disclosed total$80M

Rounds on record3

Latest roundUndisclosedSeries B (added investor) · 2024-05-13

Last stated valuationNone stated

Investors named10

Research on recordNone yet

Money and evidence

Closed roundNot on the dollar scale (a range, or no rate)

No research by this company is on the record yet.

Rounds and research, on one timeline

2024-05-13Series B (added investor)
Round
Undisclosed
For: scale iron-rich cathode production toward mass production by 2026
Manufacturing and scale-up
Alpha Wave's investment is part of the Series B; Elan Frantz joined the board.
Alpha Wave Ventures
On the deal: Elan Frantz (EIR, Alpha Wave Global, Alpha Wave Ventures, joins the board); Rick Gerson (Co-founder and chairman of Alpha Wave Global; spoke for the investor in the announcement, Alpha Wave Ventures)
Announced by the company · mitrachem.com ↗
2023-11-08Series B
Round
$60M
For: develop, deploy and commercialise US-made iron-based cathode materials, including LMFP for GM's Ultium platform
Manufacturing and scale-upModels and platform
A $40M first close led by GM Ventures came first; TechMet-Mercuria joined in September 2023 and also became the exclusive lithium procurement agent (https://www.mitrachem.com/post/techmet-mercuria).
Lead · GM Ventures IQT TechMet-Mercuria Zeon Ventures
On the deal: Michael Falcon (Investment Partner; spoke for the investor in the announcement, IQT)
Announced by the company · mitrachem.com ↗
2021-11-15Series A
Round
$20M
For: produce an iron-based cathode in North America, using machine learning to speed development
Manufacturing and scale-upModels and platform
TechCrunch and the Wall Street Journal reports of 15 November 2021, both reposted on the company's site; the WSJ says the company did not disclose a valuation. Chamath Palihapitiya and Will Drewery joined the board.
Lead · Social Capital Richard Tsai Fontinalis Partners Integrated Energy Materials Earthshot Ventures
On the deal: Chamath Palihapitiya (Founder of the firm, Social Capital, joins the board)
Announced by the company · mitrachem.com ↗

Research entries are the timeline's graded entries that name this company. A level grades one claim, not the company, and a blank can mean the record has not caught up rather than that nothing was published.

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Its investors also backed

Other companies on this page whose rounds name the same investor.

Zeon VenturesChemify
IQTLila Sciences