Metal extractor from batteries Metastable Materials raises funding

Bengaluru-headquartered Metastable Materials which extracts metals from end-of-life Lithium-ion batteries has raised funding in a pre-Seed round. The round was led by Akshay Singhal and Kartik Hajela of battery manufacturer, Log9 Materials and saw participation from Archana Priyadarshini of PointOne and Sanjiv Rangrass, former Group Head of ITC, among others. The company will use the capital to build a supply chain infrastructure for Lithium-ion batteries by extracting valuable elements by scaling its patented process. The capital will also support the team, operations, and infrastructure expansion for the startup. Metastable Materials offers to extract copper, aluminium, cobalt, nickel, lithium, and other metals from Lithium-ion batteries. The startup has filed for four patents.