USA – Stratus Materials, a Pittsburgh, PA-based developer and manufacturer of cathode active materials for lithium-ion batteries, raised $12M in Series A funding (in mid-2022).
The round was led by Breakthrough Energy Ventures (BEV) with participation from DNS Capital.The company intends to use the funds to accelerate growth and expand operations.Led by Jay Whitacre, CEO & CTO, Stratus Materialsis is a developer and manufacturer of cathode active materials for lithium-ion batteries. The company is primarily focused on cathode solutions for light- and medium-duty electric vehicles and other applications with similar requirements. It is currently producing its proprietary cathode active material at an early pilot-scale and is providing samples to a small group of potential initial customers. 10/02/2023
