Supported by billionaires Bill Gates, Jeff Bezos and Richard Branson, KoBold Metals utilises AI and Cloud computing techniques to assess the composition of the subsurface in order to explore metals that are used in making batteries installed in electric vehicles and clean energy technologies.
KoBold is a force in its field with significant financial backing, not just from the aforementioned tycoons, but thanks to Andreessen Horowitz, one of Silicon Valley’s leading venture capital funds. In 2019, this enabled KoBold to have funding available for four years, which, since then, has financed explorations at various locations, including Greenland.
As the climate crisis intensifies, the world has increasingly moved towards sustainability and hence demand for sustainable products like EVs has gone up, increasing the need for KoBold’s mineral exploration services. With recent approval for backing a new copper mine in Zambia, along with additional funding, the growing demand for sustainable resources positions KoBold for a promising future.
Steph
Company Specialist at Welcome to the Jungle