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Mitra Chem Announces First Close Of $60 Million Series B Round Led By Gm

PRIVATEAug 16, 2023

Amount Raised

$60 Million

Round Type

Series B

Mountain ViewOtherManufacturingInformation Technology

Investors

Gm

Description

Mitra Future Technologies Inc. ("Mitra Chem"), a leading innovator in North American production of lithium-ion battery materials, today announced the completion of a $40 million first close of $60 million Series B funding round led by GM. The investment will fuel Mitra Chem's mission to develop, deploy and commercialize U.S.-made iron-based cathode materials in an effort to enable mass-market electrification for electric vehicles, energy storage solutions, and beyond.

Who else raised in Manufacturing around the same time

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

  • CleanFiber raised $4.3M (Seed) on September 30, 2023.
  • Fisker raised an undisclosed amount (Funding Round) on September 29, 2023.
  • Beeline Holdings raised $6.5M on September 29, 2023.
  • RIOS raised $1.1M on September 29, 2023.
  • Fisker raised $150M (Funding Round) on September 29, 2023.
  • aPriori raised $28M on September 29, 2023.

Who to call at Mitra Chem, and when

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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.

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Related People

1 contact
Verified contacts6 people are listed at Mitra Chem. We don't have their email yet.See plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Mitra Chem 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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