Battery materials firm Mitra Chem attracts Alpha Wave as new backer
- Admin
- May 15, 2024
- 1 min read
Mitra Chem, a US lithium-ion battery materials firm, received investment from Alpha Wave Ventures as part of its Series B funding round. Mitra Chem develops iron-based cathode materials for transportation and energy storage electrification, aiming for mass production by 2026. The Series B round targets USD 60 million in proceeds, with previous investments from General Motors, IQT, and TechMet-Mercuria.
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