Element Drive
Latest round
- Series A
Last raised
- Oct 2024
Total raised
- $28M
Investors
- 4
About Element Drive
Established in 2021 and based in Hangzhou, China, Element Drive is a biotech company focused on providing synthetic biology services. Dr. Kechun Zhang, the company's founder and chief scientist officer, graduated from California Institute of Technology and has more than 20 years of research experience in the field of synthetic biology., Ltd. The company’s main business is the research and development of biodegradable materials and soy-free feed technologies. The company’s self-developed MiNT X Platform is a cutting-edge research platform that utilizes enzyme engineering and metabolic pathways for predictable design. Its products are used in the field of sustainable packaging, agriculture, and animal feed, targeting applications such as disposable tableware, express packaging, and agricultural films. Element Drive generates revenue by providing biodegradable materials and collaborating with downstream enterprises for product development. The company plans to build a 150,000-ton biodegradable materials project in Jiande, and the first phase of the project will be completed by the end of 2025 with a planned capacity of 30,000 tons.
Who invested in Element Drive
4 investors across 1 round
See all investors in Element Drive
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Series A
Oct 22, 2024
Amount
$28M
Investors
Questions about Element Drive
Who invested in Element Drive?
Element Drive has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Element Drive raised?
Element Drive has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Element Drive last raise money?
Element Drive's most recent round on record is a Series A, in Oct 2024.
What does Element Drive do?
Established in 2021 and based in Hangzhou, China, Element Drive is a biotech company focused on providing synthetic biology services.
Where is Element Drive headquartered?
Element Drive is headquartered in Hangzhou, China.
Which VCs invest in companies like Element Drive?
Among active investors with capital left to deploy, Hui Hua Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back materials companies at Element Drive's stage. Their profiles are linked below.
VCs backing materials startups at Series A
Raising like Element Drive? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.