Fundz

Chemix raises $20M in Series A funding led by Ibex Investors for AI-powered EV battery development

PRIVATEApr 24, 2024

Amount Raised

$20 Million

Round Type

Series A

SunnyvaleManufacturingAutomotiveBattery

Investors

Ibex Investors

Description

Chemix, an AI-powered EV battery developer, has completed a $20 million Series A funding round led by Ibex Investors. The funding will be used to scale the startup's technology, which uses algorithms to design and optimize novel batteries for electric vehicle makers, aiming to speed up battery development for more efficient and longer-lasting EVs.

Who else raised in Automotive and Battery around the same time

Companies in the same sectors as Chemix that raised within 45 days of this round, from Fundz verified event records.

  • Lucid Group raised $1B (Funding Round) on March 25, 2024.
  • Aptera Motors raised $134K (Seed) on June 6, 2024.
  • iCOMAT raised $23M (Series A) on June 5, 2024.
  • Microvast Holdings raised $25M (Debt Financing) on June 4, 2024.
  • Hyperion Companies raised $50K (Seed) on June 3, 2024.
  • Ather Energy raised $35M (Series F) on June 1, 2024.

Who to call at Chemix, and when

A new round usually means Chemix is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Chemix raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Chemix, from your own LinkedIn network

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Company Information

Company

Chemix

Location

Sunnyvale, California, United States

About

Chemix is using AI to develop breakthrough EV battery technologies. Today’s battery development is slow, labor-intensive, and expensive. With AI, Chemix can reduce development time by 10x. Chemix’s battery designs are compatible with existing Li-ion battery manufacturing capacity, enabling a seamless transition of customers’ battery R&D to volume production.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Chemix raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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