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Mitra Chem
Lithium-ion battery materials manufacturing
- 21-100 employees
- B2B
- Enterprise
- Manufacturing
- Electric Vehicles
- Supply Chain
- Jackson Park, Mountain View, CA
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Company mission
To be the first lithium-ion battery materials manufacturer to shorten the lab-to-production timeline by 90% through accelerated R&D and vertically integrated process optimization.
30% employee growth in 12 months
Our take
More electric vehicles are now sold each week than in an entire year a decade ago. This large-scale pivot to EV has led to an equally huge surge in demand for batteries. This has created a major issue, as production of the increasingly popular lithium iron phosphate (LFP) battery is dominated by China, which produces around two thirds of the world’s LFP battery components.
Mitra Chem is attempting to disrupt this supply chain dominance by manufacturing iron-based cathodes for LFP batteries in North America. Launched in 2021, the startup’s timing couldn't have been much better. As geopolitical and climate issues affect the production of traditionally popular cobalt and nickel based batteries, the likes of Tesla, Ford and General Motors have been ramping up their LFP use and partnering with home-based cell factories.
The conditions for fast growth look favorable for Mitra Chem, and fresh from a major Series B fundraise led by GM, the company could be on the verge of a significant scale up.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Well-being allowance and generous paid time-off
- Comprehensive benefits including health, vision and dental insurance, and 401K
- 2 month paternity and 4 month maternity leave
- Free lunch and snacks
Company values
- Stay Curious
- Win Together
- Know Your Customer
- Pursue with Purpose
- Safety and Well-being
Funding (last 2 of 4 rounds)
Aug 2023
$60m
SERIES B
Jul 2023
$27.1m
EARLY VC
Total funding: $127.1m
This company has top investors
Leadership
Vivas Kumar
(CEO)Previously worked as a global lead negotiator for Tesla, as well as serving as Principal for Benchmark Mineral Intelligence, a leading advisor in the lithium ion battery and electric vehicle supply chain.
Chirranjeevi Gopal
(CTO)Before co-founding Mitra Chem, they served as a Senior Engineer at Biotech company Illumina before joining the Toyota Research Institute as a Senior Research Scientist. Previously served as the company's VP of Engineering.
William Chueh
(Chief Scientific Advisor)Has been a Professor of Materials Science & Engineering at Stanford University since 2012.