Mitra chem announces first close of $60 million series b round led by gm

Mitra chem is developing a portfolio of iron-based cathodes for tier-1 automotive and energy storage supply chains only u.s. based company producing ira consumer tax credit eligible next generation iron-based cathodes funding will be used for investing in accelerating commercialization and scaling partnerships mountain view, calif. , aug. 16, 2023 /prnewswire/ -- mitra future technologies inc. ("mitra chem"), a leading innovator in north american production of lithium-ion battery materials, today announced the completion of a $40 million first close of $60 million series b funding round led by gm.
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