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.