Mitra Chem Battery Materials Get $15M Boost for U.S. Expansion

Mitra Chem Battery Materials Get $15M Boost for U.S. Expansion

Mitra Chem Secures Funding to Revolutionize Domestic Battery Materials Rising demand for cheaper, homegrown electric vehicle (EV) components is reshaping the battery industry—and Mitra Chem is at the heart of this transformation. The battery materials startup has now raised $15.6 million as part of a planned $50 million funding round. With a sharp focus on lithium-iron-phosphate (LFP) technology, Mitra Chem is leading the charge to reduce U.S. dependency on foreign suppliers and enhance the energy density of LFP batteries, a key need in the evolving EV market. Mitra Chem battery materials are emerging as a promising solution in a time when affordability and domestic supply are paramount.                                 Image Credits:Bryce Durbin Why Mitra Chem Battery Materials Matter for the U.S. Market Electric vehicle manufacturers are actively shifting to lithium-iron-phosphate batteries due to their lower cost and safety advantages. But there’s a catch—all LFP battery materials curre…