Impossible Metals (YC W22, ‘B’ Corp) Delivering critical metals, leveraging proprietary AI robots, to sustainable harvest seabed minerals

Problem: The transition from fossil fuels to sustainable energy demands 500% more metals mining, resulting in massive cost increases, huge ESG damage, and a supply chain 70% controlled by China.

Some company highlights:
* Invented technology to preserve and protect the marine habitat while selectively harvesting.
* Raised a $10M seed round in 2022, $2M in 2021.
* Built and tested a 4-mile (6km) depth-rated unique Autonomous Underwater Vehicle (AUV).
* $1B LOIs from battery vendors, Lowest Cost Producer, $70M revenue in 2027, ~$400B TAM in 2024.
* Low capital intensity due to customer off-take financing. This is the last venture round.
* Low permit risks: Cook Islands, International (CCZ), Japan, India, Brazil, MoU with Cook Islands permit holder.
* Partnership with resource holders Cooks in Cooks and International Oceans.
* Incorporated a Saudi Arabia subsidiary for international mineral rights.
* Experienced leadership team with multiple exits (Ex ARM VP Corp BusDev, largest NASDAQ IPO of 2023).
* In-Q-Tel investment in 2023 for National Security, as we need an independent source of these metals.
* This round $25M (Series A) is focused on building and testing the production-sized AUV called Eureka III.

1145 Mariposa Ave.
San Jose, California 95126
United States
Map It