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Mitra Chem Announces $20 Million Series A Funding Round Led By Social Capital

Nov 15, 2021•almost 4 years ago

Amount Raised

$20 Million

Round Type

series a

Mountain View

Description

Mitra Future Technologies Inc. ("Mitra Chem"), a leading innovator in North American production of lithium-ion battery materials, today announced the completion of a $20 million Series A round. The round was led by Social Capital, a leading California investment firm run by Chamath Palihapitiya. Other participants include Taiwanese industrialist Richard Tsai, Fontinalis Partners, Integrated Energy Materials and Earthshot Ventures.

Company Information

Company

Mitra Chem

Location

Mountain View, California, United States

About

Mitra Chem will use the capital from the round to invest in product R&D and expand North American pre-pilot production capacity. Mitra Chem has the ability to upend the balance of power within the complicated global battery supply chain, supporting the explosion in electrification and disrupt the marketplace for these vital materials.

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