Tech Company Financing Transactions
Stratus Funding Round
On 2/7/2023, Stratus announced $12 million in Series A funding from Breakthrough Energy Ventures and DNS Capital.
Transaction Overview
Company Name
Announced On
2/7/2023
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Series A
Investors
Breakthrough Energy Ventures (Lead Investor) (Carmichael Roberts)
Proceeds Purpose
The company is focused on scaling the production of these novel cathode materials, which are being specifically targeted at light- and medium-duty electric vehicles as well as other applications with similar performance requirements.
Company Information
Company Status
Private & Independent
Industry
Advanced Materials
Mailing Address
6901 Lynn Way 320
Pittsburgh, PA 15208
USA
Pittsburgh, PA 15208
USA
Phone
Undisclosed
Website
Email Address
Overview
Stratus Materials is a U.S. based developer and manufacturer of manganese-rich, cobalt-free cathode active materials for lithium-ion batteries, offering a highly compelling combination of performance, safety, cost and environmental impact to leading battery manufacturers and their OEM customers. Stratus is primarily focused on advanced cathode solutions for light- to medium-duty electric vehicles and other applications with similar requirements.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jay Whitacre
Co-Founder
Jared Mitchell
Co-Founder
Wei Wu
President
Scott Pearson
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