General Motors announced a $60 million Series B financing round in Mitra Chem, a Silicon Valley-based, AI-enabled battery materials developer.

Thanks to the investment, GM and Mitra Chem will develop advanced iron-based cathode active materials (CAM), like lithium manganese iron phosphate (LMFP), to power affordable and accessible EV batteries compatible with GM’s EV propulsion architecture, the Ultium Platform. GM said its funding will help Mitra Chem to scale its current operations and to expedite its novel battery materials formulation to market.

“GM’s investment in Mitra Chem will not only help us develop affordable battery chemistries for use in GM vehicles, but also will fuel our mission to develop, deploy and commercialize U.S. made, iron-based cathode materials that can power EVs, grid-scale electrified energy storage and beyond,” Mitra Chem CEO and co-founder Vivas Kumar said.

Mitra Chem said its battery R&D facility can simulate, synthesize and test thousands of cathode designs monthly, ranging in size from grams to kilograms. These processes drive significantly shortened learning cycles, enabling shorter time to market for new battery cell formulas.

An “atoms-to-tons acceleration platform” powers Mitra Chem’s lab, using simulations and physics-informed machine learning models to accelerate formulation discovery, cathode synthesis optimization, cell-lifetime evaluation and process scale-up. The in-house cloud platform, purpose-built for battery cathode development, automates data ingestion across diverse synthesis, material characterization, cell prototyping and standardized analyses and visualizations.