Mitra Chem Incorporated
Latest round
- Series B
Last raised
- May 2024
Total raised
- $34M
Investors
- 16
About Mitra Chem Incorporated
Mitra Chem Incorporated is focused on producing lithium iron phosphate cathode active materials for battery technologies. Founded in 2021 in Mountain View, US, the company has successfully completed five deals to date. The team includes founders Chirranjeevi Gopal, Vivas Kumar, and William Chueh, with Vivas Kumar currently serving as CEO.6 mn.Mitra Chem specializes in the production of lithium iron phosphate (LFP) cathode active material (CAM), leveraging advanced AI technologies to enhance the efficiency of material development for critical applications in energy, artificial intelligence, and defense sectors. Their core products are designed to accelerate the transition towards cleaner energy solutions by providing materials that are pivotal in battery technologies, particularly for electric vehicles and renewable energy storage systems.S. government’s ambitious energy goals.Mitra Chem's revenue model is largely based on business-to-business transactions, specifically targeting battery manufacturers and automotive companies that require high-quality cathode materials for their products. The company engages in direct sales agreements and long-term partnerships, facilitating bulk purchases of their LFP CAM. Given the strategic importance of these materials in meeting clean energy targets, pricing structures are designed to reflect the critical nature of the product while fostering collaboration with major industry players. Clients typically order the cathode materials in substantial quantities, aligning with their production schedules and supply chain needs. The company is planning to launch new products designed for advanced energy storage solutions in the coming years. Additionally, Mitra Chem aims to expand its market presence into regions beyond North America and Europe, targeting Asia-Pacific markets by the end of 2026. This strategic expansion is expected to enhance their operational capabilities and product reach in response to the growing global demand for sustainable energy solutions.
Who invested in Mitra Chem Incorporated
16 investors across 3 rounds
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Questions about Mitra Chem Incorporated
Who invested in Mitra Chem Incorporated?
Mitra Chem Incorporated has 16 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Mitra Chem Incorporated raised?
Mitra Chem Incorporated has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Mitra Chem Incorporated last raise money?
Mitra Chem Incorporated's most recent round on record is a Series B, in May 2024.
What does Mitra Chem Incorporated do?
Mitra Chem Incorporated is focused on producing lithium iron phosphate cathode active materials for battery technologies.
Where is Mitra Chem Incorporated headquartered?
Mitra Chem Incorporated is headquartered in Mountain View, US.
Which VCs invest in companies like Mitra Chem Incorporated?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back energy storage & batteries companies at Mitra Chem Incorporated's stage. Their profiles are linked below.
VCs backing energy storage & batteries startups at Series B
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