# Mitra Chem Incorporated

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mitra-chem

- Industry: Energy Storage & Batteries
- Headquarters: Mountain View, US
- Website: www.mitrachem.com
- Total disclosed funding: $34M
- Latest round: Series B (May 13, 2024)
- Investors on record: 16

## About

Based in the US, Mitra Chem Incorporated specializes in the production of lithium iron phosphate (LFP) cathode materials, employing advanced AI technologies to enhance efficiency in material development for energy and defense applications.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. In May 2025, the company raised USD 15.6 mn in Series B funding, bringing the total amount raised to USD 15.6 mn. The company is currently valued at USD 270.14 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. As the first product released at scale, the LFP CAM supports end users aiming for zero-emission vehicle deployment and compliance with the U.S. government’s ambitious energy goals. The company serves a diverse client base that includes battery manufacturers and automotive companies, focusing primarily on markets in North America and Europe, where the demand for sustainable energy solutions is rapidly increasing.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. This transactional framework emphasizes reliability and responsiveness, ensuring that Mitra Chem can meet the increasing demands of the electrification market while solidifying its position in the American critical materials landscape.In May 2025, Mitra Chem Incorporated raised USD 15.6 mn in Series B funding, which will be utilized to further develop the company's energy storage capacity. 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.

## Funding rounds

- Series B, May 13, 2024 — General Motors Ventures, In-Q-Tel, Alpha Wave Global, GS Futures, TechMet Limited, Zeon Ventures
- Series B, Jun 26, 2023, $27M — General Motors Co., Fontinalis Partners, Social Capital, The Keffi Group, Bonds Investment Group, Scribble Ventures, Boutique Venture Partners, GS Futures, TechMet Limited, Earthshot Ventures, Zeon Ventures, WovenEarth Ventures, Bricks Capital Management
- Series A, Sep 30, 2021, $7M — Social Capital, Earthshot Ventures

## Investors

- Social Capital (https://capitalatlas.ai/funds/social-capital) — Series A, Series B
- Earthshot Ventures (https://capitalatlas.ai/funds/earthshot-ventures) — Series A, Series B
- General Motors Co. — Series B
- Fontinalis Partners (https://capitalatlas.ai/funds/fontinalis-partners) — Series B
- The Keffi Group — Series B
- Bonds Investment Group (https://capitalatlas.ai/funds/bonds-investment-group) — Series B
- Scribble Ventures (https://capitalatlas.ai/funds/scribble-ventures) — Series B
- Boutique Venture Partners (https://capitalatlas.ai/funds/boutique-venture-partners) — Series B
- GS Futures (https://capitalatlas.ai/funds/gs-futures) — Series B
- TechMet Limited — Series B
- Zeon Ventures (https://capitalatlas.ai/funds/zeon-ventures) — Series B
- WovenEarth Ventures (https://capitalatlas.ai/funds/wovenearth-ventures) — Series B
- Bricks Capital Management (https://capitalatlas.ai/funds/bricks-capital-management) — Series B
- General Motors Ventures (https://capitalatlas.ai/funds/general-motors-ventures) — Series B
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series B
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series B