About Battery Materials
There are 167 companies in the Battery Materials sector across the world, with 68 funded companies having collectively raised $1.44B in venture capital money and private equity. Overall 46 of these are Series A+ funded.
Battery Materials sector has seen 9 acquisitions and 28 IPOs. This represents almost 22.2% of all such companies - which is higher than the 4.7% exit rate of tech companies in general.
Top Companies in Battery Materials
There are more than 167 companies in Battery Materials. Rio Tinto is the top Battery Materials company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top Battery Materials companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Manufacturer of metals and minerals | London (United Kingdom) | 1873 | Public | - | |
Manufacturer of platinum, rhodium, and palladium-based materials | Brussels (Belgium) | 1805 | Public | - | |
Manufacturer of cobalt-free cathode active materials for lithium-ion batteries | Pittsburgh (United States) | 2022 | Series A | $12M | |
Provider of graphite exploration & development services | Vancouver (Canada) | 2006 | Public | - | |
Provider of silicon anodes | Getafe (Spain) | 2021 | Seed | $2.44M |
Companies founded year-on-year in the Battery Materials sector
15 Battery Materials startups were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 1 |
2023 | 6 |
2022 | 15 |
2021 | 7 |
2020 | 9 |
2019 | 6 |
2018 | 6 |
2017 | 8 |
Companies founded across countries in the Battery Materials sector
China has 27 Battery Materials startups, the most by any country, followed by United States which has 24 startups and Canada which has 14.
- Total Number of Companies
Country | No. of companies |
|---|---|
China | 27 |
United States | 24 |
Canada | 14 |
India | 13 |
Australia | 9 |
South Korea | 9 |
Taiwan | 6 |
United Kingdom | 6 |
France | 3 |
Italy | 3 |
Stage-wise distribution of the Battery Materials sector
Out of the total 167 Battery Materials companies, 68 have secured funding. Among them, 46 have reached Series A or higher, and 42 to Series B or beyond.
Founded - 167
Funded - 68
Series A+ - 46
Series B+ - 42
Series C+ - 39
Company Stage | No. of companies |
|---|---|
Founded | 167 |
Funded | 68 |
Series A+ | 46 |
Series B+ | 42 |
Series C+ | 39 |
Want to know more about Battery Materials ? Signup and explore Tracxn for free
- 165+ Total Companies
- $1.44B+ Total Funding
- 65+ Funded Companies
- 25+ IPOs
- 5+ Acquisitions
Funding Trends in the Battery Materials sector
Total funding year-on-year in the Battery Materials sector
The Battery Materials sector saw a total funding of more than $1.4B in the last 10 years. The most amount of funding was in 2017 at more than $433M. There has been a total funding of $10.6M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $10.6M |
2025 | $235M |
2024 | $212M |
2023 | $58.9M |
2022 | $37.6M |
2021 | $31.7M |
2020 | $341M |
2019 | $33.9M |
2018 | $8.42M |
2017 | $433M |
Total funding across countries in the Battery Materials sector
In the last 10 years, Battery Materials startups in South Korea have recieved the highest funding among all countries - $322M. Norway follows with $170M and Australia with $120M.
- Total Funding
Country | Total Funding |
|---|---|
South Korea | $322M |
Norway | $170M |
Australia | $120M |
Canada | $94.8M |
United Kingdom | $64.8M |
United States | $40.3M |
China | $22.8M |
Spain | $5.35M |
Israel | $1.56M |
France | - |
Total funding amount raised by stage in the Battery Materials sector
Over the last 10 years, the Battery Materials sector have seen $21.2M into Seed Stage funding rounds, $78.3M into Early Stage funding rounds and $322M go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $322M |
Grant | $283M |
Post IPO | $257M |
Early Stage | $78.3M |
Debt | $37.8M |
Seed Stage | $21.2M |
Recent Funding Rounds in Battery Materials
In the year 2025, till September 2025, Battery Materials companies have raised $35.4M in equity funding across 5 rounds.
In the same period last year (i.e. till August 2024), Battery Materials companies had raised $6.16M across 3 rounds.
So, 2025 has seen a 474.03% rise in funding in Battery Materials companies as compared to 2024.
Here are some recent, important funding rounds in Battery Materials:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9014 | Sep 09, 2025 | - | |
Seed | 5893 | Sep 04, 2025 | - | |
Series B | 6434 | Jul 10, 2025 | - | |
Seed | 8024 | Jun 26, 2025 | ||
Seed | 9151 | May 29, 2025 |
Top Investors in Battery Materials
Europa is the top investor in Battery Materials companies based on number of companies invested.
Here are some top investors in Battery Materials:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Oak Ridge (United States) | ||
Alexandria (United States) | ||
Barcelona (Spain) |
M&A activity in Battery Materials
In the year 2024, till November 2024, 1 acquisition happened in Battery Materials sector. Last year, in 2023, a total of 1 acquisition happened in Battery Materials sector.
Here are some recent, important acquisitions in Battery Materials:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 03, 2024 | ||
Business Acquisition | Oct 11, 2023 | ||
Business Acquisition | Sep 14, 2022 | ||
Business Acquisition | Jul 11, 2022 | ||
Business Acquisition | Sep 2021 |
Acquisition trends in Battery Materials
Here are the acquisition trends in Battery Materials:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 1 |
2023 | 1 |
2022 | 2 |
2021 | 1 |
2020 | - |
2019 | 1 |
2018 | - |
2017 | - |
IPOs in Battery Materials
In the year 2024, till June 2024, 1 IPO happened in Battery Materials sector.
Here are some recent, important IPOs in Battery Materials:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jun 27, 2024 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Sep 01, 2023 | Frankfurt Stock Exchange (FRA) | |
Jul 07, 2023 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Feb 16, 2023 | Korea Exchange (KRX) | |
Jan 13, 2023 | Frankfurt Stock Exchange (FRA) |
_1548402361652.jpg?devicePixelRatio=2&height=20&width=20){kind=logo}
Colleges which produce the most Battery Materials companies
Companies founded by alumni from top colleges in the Battery Materials sector
Most number of Battery Materials startups have been founded by alumni from University of Cambridge, MIT Sloan School of Management and Massachusetts Institute of Technology.
College | No. of companies |
|---|---|
University of Cambridge | 2 |
MIT Sloan School of Management | 1 |
Massachusetts Institute of Technology | 1 |
Peking University | 1 |
The University of Queensland | 1 |
Total funding in companies founded by alumni from top colleges in the the Battery Materials sector
In the last 10 years, University of Cambridge graduates' Battery Materials companies have raised the most funding among top colleges. The University of Queensland alumni are second, and MIT Sloan School of Management alumni are third.
College | Total Funding |
|---|---|
University of Cambridge | $22.4M |
The University of Queensland | $17M |
MIT Sloan School of Management | $15M |
Massachusetts Institute of Technology | $15M |
Peking University | $2.86M |
Top News in Battery Materials
•
•
•
HS Hyosung Confident Scrapped Steel Cord Deal Won't Hurt Umicore Joint VentureThe Korea Times•Apr 06, 2026•HYOSUNG, Umicore
•
•
Vianode advances on new synthetic graphite production plant in OntarioChemengonline•Nov 21, 2025•Vianode
•
•
Rio Tinto invests $588m in $1.1b West Angelas extension with JV partners Mitsui and Nippon SteelThe West Australian•Oct 07, 2025•Nippon Steel, Mitsui, Rio Tinto
•
•
•
Anglo American Cuts Dividend as Units It Is Selling Weigh on ProfitsFinancial Post•Jul 31, 2025•Anglo American, Glencore, Rio Tinto
