# Stratus Materials

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

- Industry: Energy Storage & Batteries
- Headquarters: Pittsburgh, US
- Website: www.stratusmaterials.com
- Total disclosed funding: $9M
- Latest round: Series A (Feb 7, 2023)
- Investors on record: 2

## About

Based in Pennsylvania, US, and founded in 2022, Stratus Materials, LLC previously known as 33 Tech Inc. operates as a developer and manufacturer of cathode active materials for electronic vehicle manufacturing companies. In February 2023, the firm raised USD 12 million in series A funding led by investor Breakthrough Energy Ventures, with participation from another investor DNS Capital. The firm as of February 2023, is led by its CEO and CTO, Jay Whitacre.

The company develops manganese-rich, cobalt-free cathode active materials for lithium-ion batteries for light- to medium-duty electric vehicles and similar applications. The company’s active materials offer a specific capacity of more than 225 mAh/g (mili ampere hour per gram), specific energy of more than 800 Wh/Kg (watt-hour per kilograms), and thermal decomposition temperature of more than 250 degrees Celsius. 

The firm plans to utilize its February 2023 funding for the expansion of its business and product offerings.

## Funding rounds

- Series A, Feb 7, 2023, $9M — DNS Capital, Breakthrough Energy Ventures

## Investors

- DNS Capital (https://capitalatlas.ai/funds/dns-capital) — Series A
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A