# Aspiring Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aspiring-materials

- Industry: Environmental Services
- Headquarters: Christchurch, New Zealand
- Website: www.aspiringmaterials.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Oct 16, 2023)
- Investors on record: 3

## About

Aspiring Materials Ltd., based in Christchurch, New Zealand, specializes in the production of critical minerals and essential materials aimed at supporting sustainable industrial practices.Founded in 2019, Aspiring Materials Ltd. operates in Christchurch, New Zealand, focusing on the production of essential materials. The company was co-founded by Allan Scott and Christopher Oze, and is currently led by CEO Mark Chadderton. Aspiring Materials has completed 3 deals to date, with its most recent funding round in December 2024, where it raised USD 350,000 from Elemental Impact, bringing the total amount raised to USD 350,000.Aspiring Materials specializes in the production of high-quality, locally manufactured critical minerals and essential materials, primarily focusing on magnesium, nickel cobalt hydroxides, and reactive silica. These products address the needs of essential industrial sectors such as wastewater treatment, cement production, energy generation, and agriculture. The core offerings—carbon-free magnesium, ethically produced nickel:cobalt:manganese hydroxides, and emissions-free reactive silica—serve as drop-in replacements for carbon-intensive imported materials, enabling clients to enhance product performance while adhering to decarbonization commitments. The customer base includes manufacturers and industries that seek to reduce their carbon footprints and secure a resilient supply chain. Aspiring Materials markets its products primarily within the Asia-Pacific region, targeting sectors that prioritize sustainability and supply chain integrity.Aspiring Materials generates revenue through direct business-to-business transactions, providing its products and services to various industrial clients. The transaction structure is based on agreements with manufacturers, where clients purchase products like carbon-free magnesium and nickel:cobalt:manganese hydroxides through wholesale agreements or direct procurement. Specific flagship products are marketed to key industries, enabling customers to integrate these sustainable materials into their production processes. Pricing structures are tailored to the specific needs of clients, reflecting the unique value proposition of Aspiring Materials’ offerings in reducing emissions and enhancing operational efficiency.Aspiring Materials plans to leverage its recent funding of USD 350,000 raised in December 2024 to support the development and launch of upcoming products aimed at enhancing sustainability across various sectors. The company is also targeting expansions into new markets within the Asia-Pacific region, focusing on countries that emphasize sustainability in industrial practices. These initiatives are expected to take shape as the company continues to innovate and meet the growing demand for sustainable materials.

## Funding rounds

- Seed, Oct 16, 2023, $0.9M — Outset Ventures, Icehouse Ventures, Motion Capital
- Seed, Sep 1, 2021, $0.7M — Outset Ventures, Icehouse Ventures

## Investors

- Outset Ventures (https://capitalatlas.ai/funds/outset-ventures) — Seed
- Icehouse Ventures (https://capitalatlas.ai/funds/icehouse-ventures) — Seed
- Motion Capital (https://capitalatlas.ai/funds/motion-capital) — Seed