Bricks Capital Management has invested in Mitra Chem to accelerate the development of sustainable lithium-ion battery materials, partnering with General Motors to enhance the North American battery supply chain.

Target Information

Mitra Chem is a pioneering company in the North American production of lithium-ion battery materials, primarily focused on developing sustainable and high-performance energy storage solutions. With a commitment to innovating battery technology, Mitra Chem's proprietary approach shortens the timeline from laboratory research to market production by over 90%. The company engages in a multi-faceted strategy that integrates research and development, machine learning, and manufacturing to supply cathode active materials (CAM) to original equipment manufacturers (OEMs) and battery cell customers.

Recently, Mitra Chem has entered into a partnership with General Motors (GM) to develop iron-based cathode materials like lithium manganese iron phosphate (LMFP), aimed specifically at supporting GM's Ultium battery platform. This collaboration positions Mitra Chem as a leading player in the North American battery supply chain, with potential to reshape the landscape of battery production and usage.

Industry Overview

The lithium-ion battery industry is essential for the electrification of transportation, consumer electronics, and energy storage solutions, both at commercial and grid scales. As the demand for electric vehicles (EVs) grows, driven by gove