Mountain View, California
Mitra Chem develops and commercializes Lithium Iron Phosphate (LFP) and Lithium Manganese Iron Phosphate (LMFP) cathode materials using a proprietary acceleration platform that combines machine learning and automation to synthesize and test thousands of designs monthly. Their iron-based cathodes offer enhanced safety, environmental benefits, consistent quality, scalability, and rapid performance validation for electric vehicle and energy storage applications.
Advanced Lithium Iron Phosphate (LFP) and Lithium Manganese Iron Phosphate (LMFP) cathode materials engineered for electric vehicles and energy storage systems, featuring machine-learning-optimized formulations for superior performance, safety, environmental benefits, and scalable manufacturing processes.
In 2024, Mitra Chem received a $100 million grant from the United States Department of Energy to establish a domestic battery manufacturing facility; initiated a joint development project with Sun Chemical to build U.S.-based iron phosphate and LFP production capabilities; and is targeting 15,000 metric tons annual LFP capacity by 2027, with plans to double output subsequently.
Series B was led by General Motors, with additional participation from Alpha Wave Ventures, Zeon Ventures, InQTel, TechMet-Mercuria, and GS Futures. Total funding amounted to $117.1M.
