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Mitra Chem is raising M for its cheaper, domestic battery materials

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

Battery material startup Mitra Chem has raised $15.6 million of a planned $50 million funding round, according to a regulatory filing seen by TechCrunch.

Mitra Chem is developing materials to make lithium-iron-phosphate (LFP) batteries store more energy. Automakers have begun to turn to LFP in an attempt to trim costs from electric vehicle battery packs, which can make up a significant portion of a car’s cost.

Currently, all LFP material comes from outside the United States, with the vast majority coming from China.

TechCrunch reached out to Mitra Chem for comment, but did not receive an immediate reply.

The new funding round comes at a challenging time for battery startups. Sales of electric vehicles (EVs) haven’t grown at the rate some automakers and analysts had predicted. 

Simultaneously, the Trump administration and Congressional Republicans have mounted an assault on EVs and battery manufacturers. The House version of the reconciliation bill would sunset EV tax credits in 2025 or 2026, depending on how many EVs automakers have sold. The Senate has yet to weigh in on the bill.

Mitra Chem previously raised a $60 million Series B that closed in 2023. GM led the round, with In-Q-Tel, Social Capital, and others participating. Chamath Palihapitiya’s Social Capital led the startup’s $20 million Series A in 2021. South Korean battery materials company L&F Corporation is a likely participant in the new round, having invested $10 million in March, Korean Economic Daily has reported.

The company was awarded a $100 million grant from the Department of Energy last year to build a battery materials plant in Michigan. According to federal records, that award is still on the books but hasn’t yet been paid out. 

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                                                            TL;DR: Microsoft Windows 11 Pro is down to just .97, giving users an easy OS upgrade with advanced security, productivity tools, gaming features, and Copilot AI.
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                By signing up, you agree to receive recurring automated SMS marketing messages from Mashable Deals at the number provided. Msg and data rates may apply. Up to 2 messages/day. Reply STOP to opt out, HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use.
            
        
    

This isn’t about chasing trends; it’s more about giving your computer the modern foundation it deserves. Windows 11 Pro brings a sleeker UI, better multitasking, and enhanced security — all in a one-time lifetime license.Think of it as the difference between driving a reliable car and suddenly upgrading to one with a smarter dashboard, smoother handling, and built-in security features.For professionals, creators, and power users, this upgrade also unlocks features like Hyper-V, Windows Sandbox, BitLocker encryption, and seamless Azure AD integration — tools that make a real difference when you’re working across projects or managing sensitive data.And yes, Windows 11 comes with Copilot, Microsoft’s AI-powered assistant that can summarize pages, change settings, or even help you generate code on the fly. It’s like having a co-pilot (literally) inside your OS.
        
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                        By signing up, you agree to receive recurring automated SMS marketing messages from Mashable Deals at the number provided. Msg and data rates may apply. Up to 2 messages/day. Reply STOP to opt out, HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use.
                    
                
                        
        
    
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Windows 11 Pro is down to just $12.97, giving users an easy OS upgrade with advanced security, productivity tools, gaming features, and Copilot AI.


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By signing up, you agree to receive recurring automated SMS marketing messages from Mashable Deals at the number provided. Msg and data rates may apply. Up to 2 messages/day. Reply STOP to opt out, HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use.

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TL;DR: Microsoft Windows 11 Pro is down to just $12.97, giving users an easy OS upgrade with advanced security, productivity tools, gaming features, and Copilot AI.


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This isn’t about chasing trends; it’s more about giving your computer the modern foundation it deserves. Windows 11 Pro brings a sleeker UI, better multitasking, and enhanced security — all in a one-time lifetime license.

Think of it as the difference between driving a reliable car and suddenly upgrading to one with a smarter dashboard, smoother handling, and built-in security features.

For professionals, creators, and power users, this upgrade also unlocks features like Hyper-V, Windows Sandbox, BitLocker encryption, and seamless Azure AD integration — tools that make a real difference when you’re working across projects or managing sensitive data.

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