SiTration, a Cambridge, MA-based MIT spinoff pioneering new separation processes for materials extraction, raised $2.35M in Pre-Seed funding.
The round was led by Azolla Ventures with participation from the MIT-affiliated E14 Fund.
The company intends to use the funds to accelerate hiring and ramp up development of its breakthrough technology for the recovery of critical materials in the lithium-ion battery recycling process.
Spun out of MIT in 2020 by co-founders Brendan Smith and Jeffrey Grossman,, SiTration has pioneered new filtration membrane technology that can potentially eliminate the need for energy- and resource-intensive chemical and thermal separation methods used for the extraction of materials such as lithium, cobalt, and nickel from recycled electric vehicle batteries. Built upon years of R&D at MIT, the patented conductive membrane technology can reduce the energy needed for materials extraction by as much as 10 times, while enabling a recovery yield over 95 percent. The technology supplements conventional mining with low-cost and sustainable battery recycling that can recapture up to 95 percent of the critical materials in an EV battery for reuse.
Brendan Smith invented the technology during his PhD research at MIT and launched SiTration as an Activate Fellow.
FinSMEs
12/07/2022