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§ Private Profile · 495 Mercury Drive, CA, USA
AI-powered platform startup accelerating battery design for electric vehicles, focused on cobalt-free, sustainable Li-ion chemistries.
Chemix is a Sunnyvale, California-based technology company that develops an artificial intelligence platform designed to significantly accelerate the design and development of advanced electric vehicle batteries. The company utilizes its proprietary MIX software to discover optimal battery materials and formulations, aiming to eliminate cobalt and reduce reliance on nickel and lithium while maintaining strict compatibility with existing lithium-ion manufacturing processes. Its sustainable battery chemistries are engineered for various electric vehicle applications, including e-motorcycles, sports cars, luxury automobiles, and heavy commercial transport vehicles. Operating with a current team of 27 employees, the enterprise has raised over $10 million in early-stage venture capital funding from prominent institutional venture investors such as Mayfield Fund, Radical Ventures, Ibex Investors, and Global Brain. The battery technology startup Chemix was officially founded in 2021 by Kaixiang Lin and Jason Koeller.
Chemix has raised $30.0M across 2 funding rounds.
Chemix has raised $30.0M in total across 2 funding rounds.
Chemix has raised $30.0M across 2 funding rounds. Most recently, it raised $20.0M Series A in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2024 | $20M Series A | Ibex Investors | Acequia Capital, Fontinalis Partners, Founder Collective, Mayfield, Seae Ventures, YES VC, Berkeley SkyDeck Fund, Yann Lagalaye, Yasuhiko Yurimoto, KDDI, Porsche Ventures, Urban Innovation Fund | Announced |
| May 2, 2023 | $10M Seed | — | Ibex Investors, Ursheet Parikh, Radical Ventures | Announced |
Chemix is a Sunnyvale, California-based technology company founded in 2021 that develops advanced EV batteries using AI to accelerate design processes.[1][2] Its core product, the MIX platform, leverages a proprietary dataset and generative AI to create sustainable battery chemistries, reducing development time by up to 10x while eliminating cobalt and minimizing reliance on nickel and lithium—all compatible with existing Li-ion manufacturing.[1][2][3][4] Chemix serves the electric vehicle (EV) industry, renewable energy, and automotive sectors, addressing slow, labor-intensive, and costly traditional battery R&D to enable faster transitions from prototypes to mass production.[1][2] With $20M in total funding from investors like Mayfield, Radical Ventures, and Ibex Investors, the company employs around 25 people and demonstrates strong early momentum in AI-driven materials innovation.[2]
Chemix emerged in 2021 amid surging demand for sustainable EV batteries, founded by a team of researchers and business leaders from Harvard, Stanford, UC Berkeley, and top battery/AI startups.[2][3] The idea stemmed from recognizing battery development's inefficiencies—slow, expensive, and manual—prompting the creation of an AI platform to simulate and optimize chemistries at unprecedented speed.[2] Early traction came via its MIX platform, backed by strategic VCs, positioning Chemix to tackle critical supply chain vulnerabilities like cobalt dependency.[1][2][3]
Chemix rides the AI-for-materials trend, applying generative models to battery "blackbox" challenges amid the global EV boom and net-zero mandates.[4] Timing aligns with 2025's escalating battery demand—projected to hit 3.5TWh annually—strained by raw material shortages and geopolitical risks for cobalt/nickel.[2][3] Favorable forces include falling AI compute costs and U.S. incentives like the IRA, boosting domestic innovation; Chemix influences the ecosystem by open-sourcing design predictability, aiding OEMs like automakers in faster, greener scaling.[1][2]
Chemix is poised to disrupt EV powertrains with GenAI-driven batteries that prioritize safety, observability, and cobalt-free chemistries, potentially capturing share as fleets electrify.[4] Next steps likely include expanding MIX to full end-to-end power systems and pilot partnerships with Tier-1 suppliers, fueled by additional funding rounds.[2][4] Trends like solid-state transitions and AI hardware advances will amplify its edge, evolving Chemix from R&D accelerator to key enabler in sustainable mobility—ultimately powering the next wave of high-performance, ethical EVs.[1][3]
Chemix has raised $30.0M in total across 2 funding rounds.
Chemix's investors include Ibex Investors, Acequia Capital, Fontinalis Partners, Founder Collective, Mayfield, Seae Ventures, Yes VC, Berkeley SkyDeck Fund, Yann Lagalaye, yasuhiko yurimoto, KDDI, Porsche Ventures.