Vulcan Elements - About the company
Vulcan Elements is a series A company based in Cambridge (United States), founded in 2023 by John Maslin and Piotr Kulik. It operates as a Manufacturer of rare earth magnets for electrifying highways and powering offshore wind turbines. Vulcan Elements has raised $124M in funding from Altimeter Capital, with a current valuation of $*****. The company has 22 active competitors, including 3 funded and 5 that have exited. Its top competitors include companies like VACUUMSCHMELZE, Entellus and Neo Material Technologies.
Company Details
Vulcan Elements is a manufacturer of rare earth magnets focused on creating critical magnets for electrifying highways and powering offshore wind turbines. They are changing the way aerospace, defense, and auto industries are electrified with a focus on decarbonization.
Key Metrics
Founded Year
2023
Location
Cambridge, United States
Stage
Series A
Total Funding
$124M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Nov 04, 2025
Investors
Ranked
1st among 22 active competitors
Employee Count
64 as on Jun 30, 2026
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Vulcan Elements's funding and investors
Vulcan Elements has raised a total funding of $124M over 4 rounds. Its first funding round was on Dec 13, 2023. Its latest funding round was a Conventional Debt round on Nov 21, 2025 for $*****. 1 investor participated in its latest round. Vulcan Elements has 4 institutional investors.
Here is the list of recent funding rounds of Vulcan Elements:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 21, 2025 | 4203047 | Conventional Debt | 8340682 | 9066693 | 9285514 | 1812402 |
Nov 21, 2025 | 6951241 | Series A | 6794041 | 8575381 | 4576348 | |
Aug 11, 2025 | 9597244 | Series A | 5927169 | 7666885 | 1649396 |
View details of Vulcan Elements's funding rounds and investors
Vulcan Elements' founders and board of directors
Founder? Claim ProfileThe founders of Vulcan Elements are John Maslin and Piotr Kulik. John Maslin is the CEO of Vulcan Elements.
Here are the details of Vulcan Elements' key team members:
- John Maslin: Co-Founder & CEO of Vulcan Elements. Contact Info: 1 email address
- Piotr Kulik: Co-Founder of Vulcan Elements. Contact Info: 1 email address
View details of Vulcan Elements's Founder profiles and Board Members
Vulcan Elements' employee count trend
Vulcan Elements has 64 employees as of Jun 26. Here is Vulcan Elements's employee count trend over the years:
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Vulcan Elements's Competitors and alternates
Top competitors of Vulcan Elements include VACUUMSCHMELZE, Entellus and Neo Material Technologies. Here is the list of Top 10 competitors of Vulcan Elements, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Vulcan Elements 2023, Cambridge (United States), Series A | Manufacturer of rare earth magnets for electrifying highways and powering offshore wind turbines | $124M | 58/100 | |
2nd | VACUUMSCHMELZE 1923, Hanau (Germany), Acquired | Manufacturer of advanced magnetic materials and components | - | 47/100 | |
3rd | Manufacturer of rare earth-based materials for clean energy and electronics | $17.5M | 47/100 | ||
4th | Neo Material Technologies 2006, Toronto (Canada), Acquired | Supplier of engineered materials | - | 42/100 | |
5th | Hengdian Group DMEGC Magnetics 1980, Chongqing (China), Public | Developer of permanent magnet ferrite manufacturing platform | - | - | 35/100 |
6th | Lupine Materials 2014, Raleigh (United States), Funding Raised | Provider of research and development in superconducting magnets and optical sensors | - | 25/100 | |
7th | Magnets for semiconductor industry | - | 24/100 | ||
8th | Bunting 1959, Hertfordshire (United Kingdom), Unfunded | Manufacturer of magnets | - | - | 24/100 |
9th | ![]() Jingxin Magnet 2005, Xiamen (China), Unfunded | Manufacturer of magnets, magnetic assemblies, microwave ferrite, and soft magnetic alloys | - | - | 24/100 |
10th | Quable Rare Resources 2025, Visakhapatnam (India), Unfunded | Manufacturer of rare earth metals & alloys | - | - | 24/100 |
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Vulcan Elements's Investments and acquisitions
Vulcan Elements has made no investments or acquisitions yet.
Reports related to Vulcan Elements
Here is the latest report on Vulcan Elements's geography:
News related to Vulcan Elements
Media has covered Vulcan Elements for a total of 19 events in the last 1 year, 6 of them have been about company updates and 4 about partnerships.
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Vulcan Elements buys $62M Johnston County facility for magnet plantThe Business Journals•Apr 15, 2026•Vulcan Elements
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American Resources-backed ReElement secures $200M to expand US rare earths refiningProactive Investors•Jan 05, 2026•American Resources Corporation, Vulcan Elements, Transition Equity Partners, ReElement Technologies and 1 other
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Vulcan Elements Selects Benson, North Carolina, for $1 Billion Magnet FacilityMiningstockeducation•Nov 19, 2025•Vulcan Elements, ReElement Technologies, USAGov
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US government invests in rare earth company to reduce reliance on ChinaTechNews•Nov 04, 2025•Vulcan Elements
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Vulcan Elements Raises $65M in Series A FundingFinSMEs•Aug 29, 2025•Vulcan Elements, One Investment Management, Uber, Altimeter Capital and 2 others
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Energy Fuels & Vulcan Elements Partner to Boost U.S. Rare Earth Magnet SecurityPR Newswire•Aug 26, 2025•Vulcan Elements, Energy Fuels
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