# Metastable® Materials

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

- Industry: Mining
- Headquarters: Bangalore, India
- Website: www.metastable.in
- Latest round: Seed (Apr 3, 2023)
- Investors on record: 3

## About

Founded in 2021 by Shubham Vishvakarma, and based in Bengaluru, India, Metastable Materials Pvt, Ltd., dba Metastable® Materials, extracts metals from end-of-life Lithium-ion batteries. In April 2023, Metastable Materials Private Limited raised venture funding led by Surge, with participation from Speciale Invest and Theia Ventures.

The company uses a chemical-free process to extract ores of copper, aluminum, cobalt, nickel, lithium, and other metals from waste lion batteries. These ores serve as a more sustainable alternative to newly mined minerals, resulting in a more energy-efficient alternative. Furthermore, the company employs reverse logistics to ensure the efficient recycling of all products manufactured.

The company intends to use the April 2023 funding for manpower expansion to support its manufacturing as well as engineering and supply chain functions.

## Funding rounds

- Seed, Apr 3, 2023 — Speciale Invest, Surge, Theia Ventures

## Investors

- Speciale Invest (https://capitalatlas.ai/funds/speciale-invest) — Seed
- Surge (https://capitalatlas.ai/funds/surge) — Seed
- Theia Ventures (https://capitalatlas.ai/funds/theia-ventures) — Seed