# Vulcan Elements

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vulcan-elements

- Industry: Mining
- Headquarters: Durham, US
- Website: www.vulcanelements.com
- Total disclosed funding: $62M
- Latest round: Series A (Aug 7, 2025)
- Investors on record: 8

## About

Based in North Carolina, US, and founded in 2022, Vulcan Elements operates as a manufacturer of rear earth elements.In August 2025, Vulcan Elements raised USD 65 million in series A funding led by new investor Altimeter Capital, with participation from other new investors One Investment Management, Nventures, Uber Technologies Inc., Ibex Investors, 1789 Capital, Newark Venture Partners and Grab Ventures. Other unspecified investors also participated in the round. The company manufactures rare earth magnets, specifically neodymium magnets in sizes and shapes, essential for various clean energy technologies, aerospace, defense, automotive, and electric vehicle applications. Vulcan reshapes the supply chains and fosters decarbonization. Vulcan Elements generates revenue by selling rare-earth magnets for defense, robotics, aerospace, and commercial technologies. The company will use the August 2025 funding to ramp up domestic production of neodymium magnets at its Durham facility and begin deliveries to U.S. military branches.

## Funding rounds

- Series A, Aug 7, 2025, $62M — Ibex Investors, Uber Technologies Inc., Altimeter Capital, NVP Capital, Grab Ventures, Nventures, One Investment Management, 1789 Capital

## Investors

- Ibex Investors (https://capitalatlas.ai/funds/ibex-investors) — Series A
- Uber Technologies Inc. — Series A
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series A
- NVP Capital — Series A
- Grab Ventures (https://capitalatlas.ai/funds/grab-ventures) — Series A
- Nventures — Series A
- One Investment Management (https://capitalatlas.ai/funds/one-investment-management) — Series A
- 1789 Capital (https://capitalatlas.ai/funds/1789-capital) — Series A