US FUNDS 3 MEC ENGINES

Raising funds to invest in lithium iron phosphate energy storage batteries

Battery material startup Mitra Chem has raised $15.6 million of a planned $50 million funding round, according to a regulatory filing seen by TechCrunch. Mitra Chem is developing materials to make lithium-iron-phosphate (LFP) batteries store more energy. Automakers have begun to turn to LFP in an