Maple Materials
YC W19San Francisco, US · Delaware corporation · 6 employees · 2 known investors
Maple Materials uses electrolysis to convert carbon dioxide into graphite and oxygen, producing battery-grade anode material at potentially lower cost than conventional graphite. When powered by renewable energy, the process can operate with net negative carbon emissions.
Also known as LLC · Maple Materials (fka Saratoga Energy) · Saratoga Energy · Saratoga Energy Research Partners
Founders & leadership· Y Combinator alumni (W19)
Board
Investors · 2
Reported raises · per SEC filings
Form D private placements$6.6M disclosed across 2 rounds · 2019–2024
▶$6.2MraisedAug 2024 · 15 investors · Other TechnologyRule 506(b)
- Drew ReidExecutive Officer, Director
- David DeakDirector
- Rayyan IslamDirector
- Offering amount
- $8.2M
- Amount sold
- $6.2M
- First sale
- Aug 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$479KraisedMar 2022 · 9 investors · Other TechnologyRule 506(b)
- Drew ReidExecutive Officer, Director
- Kenneth ReidDirector
- Offering amount
- $1M
- Amount sold
- $479K
- First sale
- Mar 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Non-dilutive funding · 5 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| National Science Foundation | Phase II | 2018 | $722.7K |
| Department of Energy | Phase II | 2017 | $1M |
| National Science Foundation | Phase I | 2017 | $225K |
| Department of Energy | Phase I | 2017 | $150K |
| Department of Energy | Phase I | 2016 | $148.1K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Frequently asked questions
- What does Maple Materials do?
- Maple Materials uses electrolysis to convert carbon dioxide into graphite and oxygen, producing battery-grade anode material at potentially lower cost than conventional graphite. When powered by renewable energy, the process can operate with net negative carbon emissions.
- Who founded Maple Materials?
- Maple Materials was founded by Drew Reid, David Deak.
- Who are Maple Materials's investors?
- Maple Materials's investors include Y Combinator, 8090 Industries.
- How much funding has Maple Materials raised?
- Maple Materials has disclosed $6.6M raised across 2 rounds.
- Where is Maple Materials headquartered?
- Maple Materials is headquartered in San Francisco, US.