Chamath Palihapitiya Names Battery Disruptor Mitra Chem in 2022 Annual Letter

Mitra Chem: Securing America’s electrified future

‍

Today, the overwhelming majority of iron-based cathode production (currently the prevailing choice for lithium-ion batteries) takes place in China. This creates obvious national security and energy security vulnerabilities.

‍

At the same time, batteries are a key component to meeting our electrification goals, from EVs to residential and industrial energy storage. Without a stable supply of batteries, there is no sustainable energy future.

‍

Powered by machine learning, Mitra accelerates lab-to-production timelines by 10x. This allows them to work on new higher energy-dense chemistry solutions that not only give the U.S. a potential competitive advantage, but could also dramatically accelerate our path to domestic production capacity and energy independence.

‍

Mitra is targeting mass production of a next-generation, iron-based cathode by 2025, and in the meantime, they are working with leading automotive and storage OEMs to test and refine their products.

‍

‍
Chamath Palihapitiya’s Social Capital Holdings Inc. led a $20MM funding round for Mitra Chem.
‍