https://techcrunch.com/2021/11/15/mitra-chem-takes-aim-at-chinese-dominance-of-battery-materials-supply-chain/

Mitra Future Technologies, also known as Mitra Chem, has raised a $20 million Series A led by billionaire investor Chamath Palihapitiya’s Social Capital Holdings. The startup aims to boost the North American battery supply chain industry that’s currently dominated by China, by producing an iron-based cathode for non-Chinese applications.

Taiwanese billionaire Richard Tsai, Fontinalis Partners, Integrated Energy Materials and Earthshot Ventures also participated in the round. Palihapitiya and Will Drewery, who headed global supply management at Tesla and is currently VP of supply chain at launch company Astra, also joined the startup’s board of directors.