Mitra Chem raises $ 50 million for local battery materials, its cheapest

MITRA CHEM MITRA CHEM raised $ 15.6 million from a $ 50 million financing round, according to Organizational deposit He saw by Techcrunch.

Metra Kim It develops materials for making lithium batteries of phosphate iron (LFP) storing more energy. Auto industry companies have begun to shift to LFP in an attempt to reduce the costs of electric car battery packages, which could form a large part of the cost of the car.

Currently, all LFP materials come from outside the United States, with the vast majority Coming from China.

Techcrunch communicates with Mitra Chem to comment, but he did not receive an immediate response.

The new financing round comes in a difficult time for startups for batteries. Electric car sales (EVS) did not grow at the rate expected by some car manufacturers and analysts.

At the same time, the Trump administration and the Republicans in Congress accused EVS and batteries. The home version of the reconciliation bill will benefit from the SunSet EV tax in 2025 or 2026, depending on the number of car manufacturers sold by EVS. The Senate was not weighing on the draft law.

Metra Kimit, which has already raised a $ 60 million series b It was closed in 2023. General Motors led the tour, with participation in Q-Tel, social capital, and others. Social capital in Shamath Balha via Paultia led an Australian chain of $ 20 million in 2021. The South Korean Battery Company L & Corporation is a possible participation in the new round, where it invested 10 million dollars in March. I mentioned.

The company received a $ 100 million grant from the Ministry of Energy last year to build a battery factory in Michigan. According to federal records, that prize He is still on books but has not yet been paid.