Exclusive: Mitra Chem is raising $50M for its cheaper, domestic battery materials

Exclusive: Mitra Chem is raising $50M for its cheaper, domestic battery materials

Mitra Chem is developing materials to make lithium-iron-phosphate (LFP) batteries store more energy.

Mitra Chem gets $15.6M to beat China’s LFP battery game

Mitra Chem, a battery material startup, has secured $15.6 million in funding toward a planned $50 million round. The company aims to improve the energy storage capacity of lithium-iron-phosphate (LFP) batteries, according to a TechCrunch report. LFP batteries are gaining traction among automakers seeking to reduce the cost of electric vehicle battery packs. Currently, all LFP material originates outside the United States, primarily from China. T…

Mitra Chem Raises $15.6 Million in Latest Bid to Boost U.S. Battery Supply Chain

Battery materials startup Mitra Chem has raised $15.6 million toward a planned $50 million funding round, according to a regulatory filing, as it seeks to strengthen its position in the domestic supply of lithium-iron-phosphate (LFP) battery components. The California-based firm is focused on developing next-generation LFP cathode materials with improved energy density. The chemistry has [...] The post Mitra Chem Raises $15.6 Million in Latest B…