Mitra Future Technologies, Inc. has announced the appointment of Denise Gray to its board of directors. Gray, an experienced automotive industry executive with a focus on electric vehicle battery development and manufacturing.
Denise will contribute to Mitra Chem’s goal of creating advanced domestic iron-based cathode materials to facilitate mass-market electrification in transportation and energy storage.
Gray, a member of the U.S. National Academy of Engineering, has a rich history in the battery design and manufacturing sector. She was most recently the President of LG Energy Solution Michigan Inc. Tech Center, the North American subsidiary of LG Energy Solution (LGES), South Korea. In this role, she managed U.S. battery cell programs for automotive and non-automotive applications. Gray also advises the U.S. government in various capacities, including as a member of the U.S. Secretary of Energy Advisory Board, the U.S. Joint Office of Energy and Transportation Electric Vehicle Working Group, and the Board on Energy and Environmental Systems of The National Academies of Sciences, Engineering, and Medicine.
Mitra Chem has raised nearly $80 million dollars, with investors including General Motors, which led its Series B in 2023, Social Capital, In-Q-Tel, Techmet Mercuria, Lane VC, Fontinalis Partners, Boutique Venture Partners, Integrated Energy Materials, Earthshot Ventures, GS Futures, Bricks Capital Management, Zeon Ventures, Scribble VC, WovenEarth Ventures, and Bonds Investment Group. The company is also collaborating with strategic partners such as Saint-Gobain, a global specialty ceramic materials company, to expedite the production of lithium iron manganese phosphate (LMFP) cathode active materials using an IRA compliant supply-chain.
Mitra Chem is the first U.S. company to produce lithium-ion battery materials in compliance with the Inflation Reduction Act, reducing the lab-to-production timeline by over 90%. The company’s first product category is iron-based cathodes for Western battery applications. Mitra Chem aims to transform the cathode from a specialty chemical to a platform technology that differentiates cell performance by end application. The company’s immediate focus is on scaling IRA-compliant LFP and LMFP cathodes for the growing US market.
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