Homeostasis lands $303K NSF grant and Pachamama backing for CO2-to-graphite tech
What's the deal? Tacoma-based Homeostasis SystemsDealroom has a profile for this one. Try Dealroom → has raised early-stage venture funding from San Francisco climate-tech firm Pachamama VenturesDealroom has a profile for this one. Try Dealroom → and won a $303,518 Small Business Innovation Research grant from the National Science FoundationDealroom has a profile for this one. Try Dealroom →. The startup converts carbon dioxide into synthetic graphite for industrial use.
What's the endgame? Founded in 2022 and working out of Tacoma's Petrich Marine Dock, Homeostasis wants to build a domestic supply of engineered graphite. Chief executive officer Makoto Eyre said the company is building "this next-generation supply of engineered graphite for the American electro-industrial base."
By the numbers. Homeostasis has now raised $1.2 million in investment and $1 million in grants to date, according to Eyre. Existing backers include AramcoDealroom has a profile for this one. Try Dealroom →'s venture arm Lab7Dealroom has a profile for this one. Try Dealroom →, the Shakopee Mdewakanton Sioux CommunityDealroom has a profile for this one. Try Dealroom →, Kayak VenturesDealroom has a profile for this one. Try Dealroom →, and Wei Li Capital.
Why it matters. Graphite functions as the anode in lithium-ion batteries, and the US relies largely on imported material. Pachamama founder Karen Sheffield called it "arguably the most dangerous single-point failure in the U.S. battery supply chain."
The signal: The global battery-grade graphite market is projected at roughly $25.2 billion a year by 2030, with North America alone near $6 billion, per Sheffield. Homeostasis has lined up automotive manufacturers, US battery cell producers, energy majors, and commodity traders — betting on cheap domestic energy to close a hard supply gap.
Read more: southsoundbiz.com
Image credit: Generated with Gemini
