Mitra Chem closed a $60M Series B led by General Motors

We are thrilled to share that Boutique Venture Partners portfolio company Mitra Chem has announced the close of the first phase of a $60M Series B investment led by General Motors!With its origins rooted in Stanford University, Mitra Chem has consistently led the way in battery material research. Their focus centers on the development of sustainable and high-performance energy storage solutions that meet the demands of a rapidly evolving market.As the call for environmentally friendly materials in batteries grows louder, leaders in this space collectively need to think of not only the ecological impacts but also the potential effects on human health. Mitra Chem and Boutique Venture Partners are united in this mission, striving towards a cleaner, healthier future.This new funding will enable Mitra Chem to scale its current R&D and pilot operations to expedite bringing its proprietary materials to market.Read more here: https://lnkd.in/dTdUc4XVOther Investors: Social Capital, Fontinalis Partners, Earthshot Ventures, The Keffi Group, GS Futures, Bricks Capital Management, Zeon Ventures Inc., Scribble Ventures, WovenEarth Ventures, Bonds Investment Group, and others.S. Thad Connelly, Ryan Spitler, Ph.D.,Craig Rochester, Matthew Wahlrab, Kadambari Beelwar

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