Funding and M&A Roundup: Lithium-ion Battery Manufacturer Mitra Raises $20 Million
Germany-based Tesvolt secures funding from Liechtenstein Group to back expansion plans
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Mitra Future Technologies (Mitra Chem), a lithium-ion battery materials manufacturer, raised $20 million in a Series A funding round. Social Capital led the round with the other participants, including Taiwanese industrialist Richard Tsai, Fontinalis Partners, Integrated Energy Materials, and Earthshot Ventures. The company will use the funds to invest in product R&D and expand North American pre-pilot production capacity.
