Magrathea
Making metal without mining for the era of electrification and decarbonization by developing generational upgrades to magnesium production technology that radically reduces cost and environmental impact.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
* | $10.0m | Seed | |
| Total Funding | 000k | ||
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Magrathea Metals is pioneering the development of new technology for producing structural metals with a focus on sustainability. The company aims to significantly reduce the socioenvironmental impacts traditionally associated with metal production. Magrathea Metals serves industries that require structural metals, including construction, automotive, and aerospace sectors. Operating in the sustainable technology market, the company leverages advanced electrochemical processes to create metals without the need for traditional mining methods. This approach not only reduces environmental degradation but also lowers production costs. Magrathea Metals generates revenue through the sale of its sustainably produced metals and licensing its proprietary technology to other manufacturers.
Keywords: sustainable technology, structural metals, electrochemical processes, environmental impact, construction, automotive, aerospace, cost reduction, proprietary technology, metal production.