Molten Industries raised $25M in a Series A funding led by Breakthrough Energy Ventures to produce clean graphite and hydrogen.
Jun 20, 2024•over 1 year ago
Amount Raised
$25 Million
Round Type
series a
OaklandRenewable EnergyEnergyInvestors
Peter AttiaJane WoodwardUvc PartnersMoai CapitalJ4 Ventures50 YearsUnion Square VenturesSteelhead CapitalMark HeisingSozo VenturesBreakthrough Energy Ventures
Description
Molten Industries, a fast-growing American start-up, has successfully closed a 25 million dollar Series A financing round. The funding will be used to build its first modular commercial reactor in Oakland and become a leading producer of graphite for lithium-ion batteries and clean hydrogen to decarbonize the chemical and steel industries.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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