Launched out of Stanford University in 2023, Bedrock Materials is a battery technology firm situated in Chicago, IL. It has earned $9 million in seed investment.
Investors
- Trucks Venture Capital
- Refactor Capital
- Version One Ventures
- Quest Venture Partners
- Meliorate Partners
- Valia Ventures
- Ritual Capital
- Evergreen Climate Innovations
- Brainstorm Capital
- Hanover Technology Investment Management
- Expansion VC
Use of funds
The money will be used by the business to grow both its operations and growth initiatives.
In addition, Bedrock Materials obtained a package of incentives from the Illinois State Government in accordance with the Reimagining Electric Vehicles in Illinois Act, subject to meeting certain goals for capital investment and employment development.
About Bedrock Materials
Using readily available, reasonably priced materials, Bedrock Materials was founded in 2023 by Stanford University battery scientist and CTO Rafael Vila and CEO Spencer Gore. The company’s primary focus is the production of necessary materials for low-cost, environmentally friendly sodium-ion batteries, which are viewed as a viable substitute for lithium-ion batteries. At its Near West Chicago location, the company started producing battery precursor materials on an R&D scale last month.