Mitra Chem secures investment from Alpha Wave Ventures in a Series B funding round

May 13, 2024•over 1 year ago

Amount Raised

$20 Million

Round Type

series b

Mountain ViewManufacturing

Investors

Gs FuturesTechmet MercuriaIn Q TelZeonGeneral MotorsAlpha Wave Ventures

Description

Mitra Chem has announced an investment from Alpha Wave Ventures as part of the company's Series B funding round. This round also welcomes Elan Frantz to the company's Board of Directors. The investment is seen as a significant step in supporting Mitra Chem's growth and innovation in the lithium-ion battery materials industry.

Company Information

Company

Mitra Chem

Location

1245 Terra Bella Avenue

Mountain View, California, United States

About

Mitra Chem is the first lithium-ion battery materials manufacturer focused on shortening the lab-to-production timeline by over 90%, addressing the largest barrier to innovation: R&D and scale-up speed.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends