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Magrathea logo — Metal without mining for the era of electrification and deca...

Magrathea

Metal without mining for the era of electrification and decarbonization.

Founded 2022 United States San Francisco, United States 25 employees Seed Total: $12.00M Automotive

General Information

Company Name Magrathea
Founded Year 2022
Location United States San Francisco, United States
Employees 25
Industries Automotive
Funding Stage Seed
Social

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About Magrathea

Magrathea is a company founded in 2022 with the mission to revolutionize the production of magnesium metal for the era of electrification and decarbonization. Their innovative approach involves developing a new generation of electrolytic technology for producing carbon-neutral magnesium from seawater and brines. The company's slogan, "Metal without mining for the era of electrification and decarbonization," encapsulates their commitment to sustainable practices. In June 2023, Magrathea secured a significant milestone with a $10.00M Seed Round investment, attracting notable investors such as EQT Foundation, Sam Altman, Necessary Ventures, TGM Ventures, Peter Reinhardt, Michael Liebreich, Fabien Koutchekian, Vivas Kumar, Kunal Sinha, and Jane Woodward. With its headquarters in the United States, Magrathea is poised to make a significant impact on the sustainable metal production industry.

Taxonomy: Electrification, Decarbonization, Metal production, Electrolytic technology, Carbon neutral, Magnesium, Seawater extraction, Brine extraction, Sustainable extraction, Renewable energy, Clean technology, Environmental impact, Resource utilization, Innovation, Technology development

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round $10.00M 10
EQT Foundation Sam Altman Necessary Ventures
EQT Foundation, Sam Altman +8
07 Jun 2023
Angel Round $2.00M -
15 Mar 2022

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FAQ About Magrathea

Metal without mining for the era of electrification and decarbonization.
Magrathea was founded in 2022.
Magrathea is headquartered in San Francisco, United States.
Magrathea operates in Automotive. Its work centres on Electrification, Decarbonization, Metal production and Electrolytic technology.
Magrathea has approximately 25 employees.
Magrathea has completed 2 funding rounds, raising a total of $12.00M. The latest funding stage is Seed.
Top alternatives and competitors to Magrathea include Jumptech, InductEV, Powerit, Ampersand Energy, Lunaz. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Magrathea and Jumptech are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Magrathea, https://bouncewatch.com/company/magrathea, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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