When was Metastable Materials founded?

Metastable Materials was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Metastable Materials located?

Metastable Materials is headquartered in Bengaluru, India. It is registered at 91 Springboard Business Hub Pvt Ltd, 1st Floor, Gopala Krishna Complex, No. 45/3, Residency Road, MG Road, Museum Road, Bangalore, Bangalore North, Karnataka, India, 560025.

Which legal entities is Metastable Materials associated with?

Metastable Materials is associated with METASTABLE MATERIALS PRIVATE LIMITED.

How many employees does Metastable Materials have?

As of Mar 31, 2026, the latest employee count at Metastable Materials is 15.

Is Metastable Materials a funded company?

Metastable Materials is a funded company, having raised a total of $2.79M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 17, 2022.

How much is Metastable Materials worth?

The latest valuation of Metastable Materials is ₹***** as of Sep 22, 2023.

When was the latest funding round of Metastable Materials?

Metastable Materials' latest funding was a $***** Seed round on Feb 24, 2023, with participation from 18 investors.

What is the annual revenue of Metastable Materials?

Annual revenue of Metastable Materials is ₹93.1L as on Mar 31, 2025.

Where does Metastable Materials rank among its competitors?

Metastable Materials ranks 2nd amongst 21 active competitors, of which 6 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Rebaba, which secured $500K in Jan, 2025.

Who are the top competitors of Metastable Materials?

Metastable Materials' top competitors include Circunomics, Renewance and PowerTech Water. Among them, Rebaba secured the most recent funding round in January, 2025.

Metastable Materials - 2026 Company Profile, Team, Funding, Competitors & Financials

Metastable Materials is a seed company based in Bengaluru (India), founded in 2021 by Ashok Kumar, Saurav Goyal, Shubham Vishwakarma and Manikumar Uppala. It operates as a Provider of end-to-end recycling services for lithium-ion batteries and products. Metastable Materials has raised $2.79M in funding from Peak XV Partners and Surge, with a current valuation of ₹*****. The company has 21 active competitors, including 6 funded and 3 that have exited. Its top competitors include companies like Circunomics, Renewance and PowerTech Water.

Company Details

Provider of end-to-end recycling services for lithium-ion batteries and products. The company utilizes integrated carbothermal reduction for environmentally friendly metal extraction from lithium-ion batteries. It offers safe logistics with multi-layered, heat and fire-resistant packaging. The business generates standard commodity forms of recycled metals.

Website: www.metastable.in/
Social
Email ID: *****@metastable.in
Registered Address: 91 Springboard Business Hub Pvt Ltd, 1st Floor, Gopala Krishna Complex, No. 45/3, Residency Road, MG Road, Museum Road, Bangalore, Bangalore North, Karnataka, India, 560025

Key Metrics

Founded Year

2021

Location

Bengaluru, India

Stage

Seed

Total Funding

$2.79M in 2 rounds

Latest Funding Round

Seed, Feb 24, 2023, $*****

Post Money Valuation

₹***** as on Sep 22, 2023

Investors

Peak XV Partners & 30 more

Ranked

2^nd among 21 active competitors

Annual Revenue

₹93.1L as on Mar 31, 2025

Employee Count

15 as on Mar 31, 2026

Similar Companies

Renewance & 13 more

View Metastable Materials' full profile

Metastable Materials is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
METASTABLE MATERIALS PRIVATE LIMITED CIN: U37100KA2021PTC182257 , India, Active	Oct 05, 2021	$110K (As on Mar 31, 2025)	20 (As on May 31, 2025)

Metastable Materials has raised a total funding of $2.79M over 2 rounds. Its first funding round was on Jan 17, 2022. Its latest funding round was a Seed round on Feb 24, 2023 for $*****. 18 investors participated in its latest round. Metastable Materials has 11 institutional investors and 20 angel investors.

Here is the list of recent funding rounds of Metastable Materials:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 24, 2023	5911356	Seed	5435985	9152703	8466751	7374694
Jan 17, 2022	7757231	Seed	1863288	2978026	1715956	Sanjiv Rangrass & 16 more

Access funding benchmarks and valuations. Sign up today!

View details of Metastable Materials's funding rounds and investors

The founders of Metastable Materials are Ashok Kumar, Saurav Goyal, Shubham Vishwakarma and Manikumar Uppala.

Here are the details of Metastable Materials' key team members:

Ashok Kumar: Co-Founder of Metastable Materials. They serve on the board of 1 company.
Saurav Goyal: Former Co-Founder of Metastable Materials. They serve on the board of 1 company.
Shubham Vishwakarma: Co-Founder of Metastable Materials.
Contact Info: 1 email address
Manikumar Uppala: Co-Founder of Metastable Materials.
Contact Info: 1 email address

View details of Metastable Materials's Founder profiles and Board Members

Metastable Materials' employee count trend

Metastable Materials has 15 employees as of Mar 26. Here is Metastable Materials's employee count trend over the years:

Employee count trend for Metastable Materials

Uncover Metastable Materials' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Metastable Materials include Circunomics, Renewance and PowerTech Water. Here is the list of Top 10 competitors of Metastable Materials, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Circunomics 2019, Mainz (Germany), Series A	Waste management services for electric vehicle batteries	$10.4M	GET, Schaeffler & 11 others	56/100
2nd	Metastable Materials 2021, Bengaluru (India), Seed	Provider of end-to-end recycling services for lithium-ion batteries and products	$2.79M	Surge, Peak XV Partners & 29 others	49/100
3rd	Renewance 2015, Chicago (United States), Seed	Provider of end-to-end lifecycle management services for industrial batteries	-	Clean Energy Trust, Evergreen Climate Innovations	47/100
4th	PowerTech Water 2014, Lexington (United States), Series C	Provider of technology solutions for wastewater treatment	$19M	Clean Energy Trust, HG Ventures & 3 others	47/100
5th	tozero 2022, Germany, Seed	Provider of lithium-ion battery recycling solutions	$15.5M	Atlantic Labs, NordicNinja & 15 others	39/100
6th	Spiers New Technologies 2015, Oklahoma City (United States), Acquired	Battery management solution provider	$2.8M	i2E, Oost NL & 1 others	37/100
7th	Recell.store 2023, Plymouth (United Kingdom), Unfunded	Platform that enables businesses to recycle and dispose electric vehicle battery packs	-	-	34/100
8th	Back2Basics 2024, Aligarh (India), Unfunded	Manufacturer of sustainable lithium-ion battery materials from recycled sources	-	-	33/100
9th	Redux 1997, Offenbach (Germany), Acquired	Waste battery collection and recycling company	-	Europa	31/100
10th	Rebaba 2023, Stockholm (Sweden), Seed	Developer of circular battery systems	$500K	Rockstart, Blue Minds Company & 4 others	29/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Metastable Materials's competitors? Click here to see the top ones

Founders (largest shareholder) own 57.17%, Funds own 24.00%, Enterprises own 2.31% and Angels own 6.48%. The net worth of Metastable Materials's founders is INR 58.6Cr as of Sep 22, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	57.17%	58.6Cr	2185326	3356481	6283906	2910243
Shubham Vishwakarma	1640132	9251377	8444883	2999015	4240001	6776029
Manikumar Uppala	86	22	60	92	92	54
Saurav Goyal	44	28	81	53	82	96
Ashok Kumar	0	0	0	0	0	0
Fund	24.00%	24.6Cr	8954602	4788256	3729971	7714919
Enterprise	2.31%	2.37Cr	41	85	71	13
Angel	6.48%	6.66Cr	523489	844231	374263	466309
Sanjiv Rangrass	0	0	0	0	0	0
ESOP Pool	10.00%	10.3Cr	1767442	3716119	1890719	1486126
Total	99.96%	103Cr	8176949	3266873	1569181	8191460