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Stratus Materials develops cobalt-free cathode materials for lithium-ion batteries used in electric vehicles.
Stratus Materials develops and manufactures manganese-rich, cobalt-free cathode active materials for lithium-ion batteries in light- and medium-duty electric vehicles and similar applications. Founded in 2022, it is based in Pittsburgh, US, and was previously known as 33 Tech Inc. In February 2023, it raised USD 12 million in Series A funding led by Breakthrough Energy Ventures, with DNS Capital participating. The company planned to use the funding to expand its business and products.
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