What is Sitration?
Founded in 2020, Sitration operates at the intersection of advanced materials science and environmental sustainability. The company specializes in low-cost, high-efficiency battery recycling processes that address the growing global demand for lithium, cobalt, and nickel. By integrating its technology into existing mining and manufacturing workflows, Sitration provides a scalable solution to the looming raw material scarcity in the EV market. Its market position is defined by a commitment to circularity, effectively transforming waste streams into high-value inputs for new battery production, thereby reducing the carbon footprint of the entire automotive lifecycle.
How much funding has Sitration raised?
Sitration has raised a total of $17.1M across 3 funding rounds:
Other Financing Round
$2.4M
Angel/Seed
$11.8M
Debt
$3M
Other Financing Round (2022): $2.4M with participation from E14 Fund and Azolla Ventures
Angel/Seed (2024): $11.8M led by Extantia, 2150 UK, E14 Fund, and Azolla Ventures
Debt (2025): $3M, investors not publicly disclosed
Key Investors in Sitration
E14 Fund
E14 Fund is a venture capital firm affiliated with MIT that invests in early-stage companies founded by MIT alumni, faculty, and students, providing essential capital and resources to foster innovative solutions.
Azolla Ventures
Azolla Ventures invests in early-stage breakthroughs aimed at averting catastrophic climate change by partnering with visionary founders to catalyze transformative, high-impact solutions.
Extantia
Extantia is dedicated to re-engineering industries for a sustainable future by supporting pioneers who unlock growth through faster, cheaper, and more sustainable technological advancements.
What's next for Sitration?
With the recent influx of capital, Sitration is poised to scale its operational capacity and refine its material recovery processes. The strategic focus will likely shift toward commercializing its recycling infrastructure and expanding partnerships with major battery manufacturers and automotive OEMs. As the regulatory landscape for battery disposal tightens globally, Sitration's ability to provide a sustainable, domestic source of critical minerals will be a key driver of its long-term competitive advantage. The company is expected to leverage this financial runway to accelerate its R&D initiatives and solidify its footprint in the North American and European markets.
See full Sitration company page
