What is Levitated Metals?
Levitated Metals operates as a specialized processor of Zorba, a mixed non-ferrous metal, transforming it into essential feedstock for aluminum smelters. The company distinguishes itself through its advanced recovery technology, which yields a superior product with a minimal environmental footprint, notably zero wastewater discharge and reduced energy consumption compared to primary aluminum production. Sourcing Zorba and Zorba Fines from Texas, Oklahoma, New Mexico, and the Southeastern United States, Levitated Metals provides efficient material handling solutions that lower costs for its suppliers. Its product portfolio includes aluminum Twitch, Heavies (Zebra), and Al/Mg (Zeppelin), with robust shipping capabilities to domestic and international markets via the Houston Port.
How much funding has Levitated Metals raised?
Levitated Metals has raised a total of $45K across 1 funding round:
Debt
$45K
Debt (2021): $45K with participation from PPP
What's next for Levitated Metals?
The substantial expansion capital infusion signifies a pivotal moment for Levitated Metals, likely enabling the company to scale its operations, enhance its technological capabilities, and broaden its market reach. As a company operating at a significant Series B/C stage, this investment is expected to fuel strategic initiatives aimed at increasing processing capacity, optimizing supply chain logistics, and potentially exploring new material streams or value-added services. Levitated Metals' commitment to sustainable practices and its focus on producing high-quality aluminum feedstock position it favorably to capitalize on the growing demand for recycled aluminum and contribute to a more circular economy in the metals industry.
