📺 Stream EntrepreneurTV for Free 📺

Metastable Materials Raises Undisclosed Amount In Pre-Seed Funding The fund will be utilized to build Lithium-ion battery supply chain infrastructure and team, operations, infrastructure expansion

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Metastable Materials, an urban mining startup, has raised an undisclosed amount in pre-Seed funding round led by Log9 Materials and PointOne. The round also witnessed participation from Sanjiv Rangrass, ITC Limited and other angel investors. The company will use the fund to build India's Lithium-ion battery supply chain infrastructure by extracting the much-needed elements from end-of-life batteries, and also for the team, operations and infrastructure expansion.

"We, at Metastable, are pioneering a first-of-its-kind, chemical-free technology and system in an eco-friendly manner can extract a wide range of recycled materials from Lithium-ion batteries, in order to provide a sustainable alternative to freshly mined metals and with the end-goal of integrating with existing global supply chains. This fundraising will certainly act as a catalyst in augmenting our efforts in the near future," said Shubham Vishvakarma, founder, Metastable Materials.

The startup, which is modelling its operations around the concept of urban mining, has already filed 4 patents to their flagship metals extraction process, and will be acquiring more patents soon, and further is in talks with several suppliers for the commercialization of extracted metals, claimed by the company in a statement.

"Urban mining will not only help in reducing the burden for newly-mined materials from earth like Lithium but can also be an important piece in reducing India's global dependency for raw materials for batteries. Process innovation is very critical to scale urban mining, and to this end, Metastable's proprietary process can help bring scale to this sector sustainably," said Kartik Hajela, co-founder, Log9 Materials.

Founded in 2021, Metastable has been dedicatedly working on providing environment-friendly solutions by adapting the waste-as-ore approach for reducing the Lithium-ion batteries' overall life-cycle cost and giving impetus to circular economy.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.


5 Ways Solopreneurs Can Scale Their Business Through Collaboration

Our culture loves to perpetuate the myth that entrepreneurs must go it alone. But for many, the path to success is found in collaboration.

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.


Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Science & Technology

Service as a Strategy — How to Build a Sustainable, Future-Ready Tech Business

The benefits of transitioning from traditional SaaS models to service-based models — and how to do it successfully.