Our Investment in Magrathea
With the newsletter, we’ve loved seeing all the founders, companies, and deals we’ve been able to get sneak peeks at over the last few years. It’s important to collectively learn in public about new startups, battery R&D, and early-stage investments. We hope to invest more in exciting early-stage companies like this and share our learnings with you. If you want to learn more about angel investing with our network, read more about Intercalation Collective and our feature on Morning Brew.
What is Magrathea?
We’re excited to share our latest investment in Magrathea, radically reducing the socioenvironmental impacts of making structural metal, magnesium. Magrathea has raised a $10M seed round from Valor Equity Partners, Exor Ventures, Counteract, Hyperguap, Necessary Ventures, Untitled, EQT Foundation and some angels/individuals (including us)! The funding will go towards scaling up their mini-pilot for carbon-neutral electrolytic magnesium metal from seawater and brines.
🚗 Making better battery-powered vehicles. Lightweighting electric vehicles is critical to maximizing range and reducing CO2 emissions. Magnesium is an excellent casting material, cooling quickly without degrading tooling while offering easy machining. Lighter vehicles mean cheaper, higher-performing EVs without the need for inefficient beefcake batteries. Not to mention magnesium is already in every car on the road, and has been used for a century in transport (but not enough... until now).
🌎 More than 90% of magnesium is produced in China, Russia, and Iran despite its use across a variety of high-performance defense and industrial applications around 90% of all aluminum products as an alloying agent. Magrathea is building a secure Western supply base of magnesium in the US, Europe, and Australia that strengthens our shared security.
👨🔬👨🔬 Lovely founders with proven experience. Alex co-founded Lilac Solutions where he built the first mini-pilots to prove their technology for extracting lithium from brines for batteries and has spent the last 4 years consulting for lithium producers around the world. Jacob spent years developing battery technologies at Tesla and Primet after completing his PhD at Cambridge. They are the team for this company.
Additional links
Light Metal Age: Magnesium as the Metal of Dematerialization
Mobility notes: Per mile energy consumption of electric vehicles
🌞 Thanks for reading!
📧 For tips, feedback, or inquiries - reach out.
🌐 Follow us on Twitter, LinkedIn, and our website.
😇 Learn more about angel investing through Intercalation Collective.
Risk Warning
The views expressed are solely those of the authors, and have not been reviewed or approved by any other organization, agency, employer, or company. Please note the information on this website and provided in any form does not recommend the purchase or sale of any security nor is it to be construed as an offer to sell or a solicitation of an offer to buy any security. Furthermore, the information contained on this website and provided by Intercalation in any form is not intended to be, nor should it be construed or used as investment, tax, or legal advice. The information provided is for informational purposes only.
Investing in start-ups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. It should be done only as part of a diversified portfolio. Intercalation Collective is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Intercalation Collective once you are registered as sufficiently sophisticated. This content is for informational purposes only and should not be considered investment advice. Review our full disclaimer here.
Disclaimer
We are shareholders in Magrathea.