Alpha Wave Ventures

Assembly Line

Mitra Chem Secures Investment from Alpha Wave Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Mitra Chem, Alpha Wave Ventures

Mitra Future Technologies, Inc. (“Mitra Chem”), a pioneering innovator in North American lithium-ion battery materials, announced an investment from Alpha Wave Ventures as part of the company’s Series B funding round. As part of the investment, Elan Frantz has joined the company’s Board of Directors. Alpha Wave joins other distinguished investors in this round, such as General Motors, Zeon, InQTel, Techmet-Mercuria, and GS Futures.

Alpha Wave joins Mitra Chem amidst several breakthroughs, with Mitra Chem recently announcing its successful synthesis of multi-ton Lithium Iron Phosphate (LFP) cathode powder samples that meet industry-leading electric vehicle (EV) specifications. Mitra Chem aims to achieve mass production of their iron-rich cathodes by 2026, paving the way for widespread adoption of next-generation, IRA-compliant battery technologies.

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