About Metastable Materials
Metastable Materials is an Environment company based in Bengaluru (India) founded in 2021 by Shubham Vishwakarma, Ashok Kumar, and Manikumar Uppala. End-to-end lithium-ion battery recycling services are provided. Metastable Materials has raised $2.79 million across 3 funding rounds from investors including Angel List, Peak XV Partners and Speciale Invest. The company has 1 employees. Metastable Materials was last valued at $12.33 million in February 2023. Its Indian entity Metastable Materials Private Limited reported revenue of ₹93.1 Lakh. Metastable Materials offers products and services including Integrated Carbothermal Reduction, Safe Logistics, and Recycled Products. Its focus areas include Environment Tech, Solid Waste Management Tech, Recycling and Tech Enabled Recyclers.
Company details
Metastable Materials was founded in 2021 in Bengaluru, India, within the battery recycling sector. End-to-end services for lithium-ion batteries are offered, including proprietary metal extraction technology that emphasizes a clean process with reduced water use. Safe logistics are managed, and recycled materials are produced in standard commodity forms for reuse across industries. Operations focus on environmental compliance and material recovery.
- Headquarters Bengaluru, India
- Employees 1
- Founders Shubham Vishwakarma, Ashok Kumar, Manikumar Uppala
- Stage Minicorn
- SectorsEnvironment
- Email••••••••
- Website metastable.in
- Social LinkedIn X
- Legal Name Metastable Materials Private Limited
- Date of Incorporation 05 Oct, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹93.1 Lakh
FY 2025 · -29% YoY
- Net Loss-₹4.68 Cr
FY 2025 · -503% margin
- EBITDA-₹84.3 Lakh
FY 2025 · -91% margin
- Total Equity Funding$2.79M (USD)
in 3 rounds
- Latest Funding Round$2.56M (USD), Seed
Feb 2023
- InvestorsAngel List
& 30 more
- Employee Count1
Associated legal entities of Metastable Materials
Metastable Materials operates through Metastable Materials Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Metastable Materials Private Limited CIN U37100KA2021PTC182257 | Active | 05 Oct 2021 | Bangalore, Karnataka | ₹0.9 Cr | 20 | 2 | View details |
Products & Services of Metastable Materials
Metastable Materials offers a comprehensive portfolio of products and services, including Integrated Carbothermal Reduction, Safe Logistics, and Recycled Products.
Technology for clean, chemical-free lithium-ion battery recycling
Provides heat and fire-resistant packaging for battery transport
Offers standard forms of recycled metals for industrial applications
Funding Insights of Metastable Materials
Metastable Materials has successfully raised a total of $2.79M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.56 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.79M
- Total Rounds 3
- Last Round Seed — $2.56M
- First Round $229,009
(Jan 2022)
- Investors Count 31
All 3 funding rounds of Metastable Materials with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $2.56M | Seed | $12.33M | Surge, Peak XV Partners | |
| Jan 2023 | Seed | – | – | – | |
| Jan 2022 | $229,009 | Seed | $1.31M | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2023 | $12.33M | •••••••• |
| Jan 2022 | $1.31M | •••••••• |
Last known valuation $12.33M (Feb 2023). 31 investors in total: 11 institutional and 20 angel.
Investors in Metastable Materials
Metastable Materials has secured backing from 31 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Peak XV Partners and Speciale Invest.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Acceleration is provided to startups across multiple sectors by Surge. | surgeahead.com | |||
Investing in deep tech startups with a focus on early-stage innovations in technology and engineering. | 2017 | specialeinvest.com | Bengaluru, India | |
Theia Ventures is focused on investing in decarbonization technology companies. | theia-ventures.com | |||
Venture capital services are extended to early-stage startups. | surgeventures.com | Houston, United States | ||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Seed-stage venture capital investments are targeted by Singhvi Heritage. | Chennai, India | |||
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
Limited information available | Chennai, India |
Investor details for Metastable Materials
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Metastable Materials Private Limited (Metastable Materials)
Metastable Materials Private Limited is the primary company behind Metastable Materials. The board of Metastable Materials Private Limited currently have 2 directors; the longest-serving is Shubham Vishvakarma, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shubham Vishvakarma DIN 09346810 | Director | 05 Oct 2021 | 5 yrs | Metastable Materials Private Limited |
| Ashok Kumar DIN 09346811 | Director | 05 Oct 2021 | 5 yrs | Metastable Materials Private Limited |
People of Metastable Materials
4 people are tracked at Metastable Materials (4 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Shubham Vishwakarma | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Manikumar Uppala | Co-Founder | Leadership |
| Founder | Leadership |
Complete people profiles for Metastable Materials
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Verified entity values are shown only after access is granted.
Financials of Metastable Materials
Figures of Metastable Materials Private Limited, the primary company behind Metastable Materials, for FY 2025. Revenue was ₹93.1 Lakh (-29% year on year). Net loss was -₹4.68 Cr (-503% margin). EBITDA was -₹84.3 Lakh (-91% margin). Revenue has grown at a compounded annual rate of +373% over three years.
- ₹93.1 LakhRevenue · FY 2025 · -29% YoY
- -₹4.68 CrNet loss · -503% margin
- -₹84.3 LakhEBITDA · -91% margin
- ₹2.9 LakhPaid-up capital
- 20Employees (provident fund records)
- +373%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Metastable Materials Private Limited are on its company page.
Detailed financial statements for Metastable Materials
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Metastable Materials
4 dated milestones of Metastable Materials across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Metastable Materials is founded.
- Funding First funding round of $229K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.6M.
Web traffic of Metastable Materials
The website of Metastable Materials (metastable.in) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 29.3% vs previous month
Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as Metastable Materials (Waste & Water Management Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | ||
Tech-based solid waste management and recycling solutions are provided. | 2008 | Noida, Uttar Pradesh, India | USD 31.1 M | USD 52.13 M | 106 |
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Frequently Asked Questions about Metastable Materials
Metastable Materials was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Metastable Materials is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Metastable Materials is a funded company, having raised a total of $2.79M across 3 funding rounds to date. The company's 1st funding round was a Seed of $229.01K, raised on Jan 2022.
Metastable Materials has 1 employees.
The primary company behind Metastable Materials, Metastable Materials Private Limited, reported revenue of ₹93.1 Lakh for FY 2025, down 29% year on year.
Metastable Materials was founded in 2021 in Bengaluru, India, within the battery recycling sector. End-to-end services for lithium-ion batteries are offered, including proprietary metal extraction technology that emphasizes a clean process with reduced water use. Safe logistics are managed, and recycled materials are produced in standard commodity forms for reuse across industries. Operations focus on environmental compliance and material recovery.
Metastable Materials offers Integrated Carbothermal Reduction, Safe Logistics, and Recycled Products.
Metastable Materials has 31 investors. Key investors include Angel List, Peak XV Partners, Speciale Invest, Surge, and Theia Ventures.
The valuation of Metastable Materials is $12.33M as of Feb 2023.
Metastable Materials operates through Metastable Materials Private Limited.
The legal entities of Metastable Materials currently have 2 directors, including Shubham Vishvakarma, Ashok Kumar.