About Momentum Technologies
Momentum Technologies is an Environment company based in Dallas (United States) founded in 2016. Rare earth elements from e-waste are recovered through technology solutions. It operates on a Green Energy-as-a-Service model. Momentum Technologies has raised $20.1 million across 2 funding rounds from investors including TechMet, Freestone Ventures and Halliburton Labs. Its Indian entity Momentum Technologies Inc Private Limited reported revenue of ₹43.64 Cr. Momentum Technologies offers products and services including MSX Technology Systems. Its focus areas include Energy, Renewable Energy and Critical Minerals Recovery. Its competitors include ERI, Wisetek and PROSHRED.
Company details
Momentum Technologies is engaged in developing and deploying MSX technology systems for the recovery of high-purity critical minerals and metals from waste, including lithium-ion battery waste. Operations are centered on providing modular and localized processing solutions to enhance supply chain resilience for energy transition minerals. The technology is designed to achieve high recovery rates and purity levels, minimizing environmental impact while offering a profitable alternative to traditional mining and processing methods. Services are extended across communities to support sustainable energy and mobility solutions.
- Headquarters Dallas, United States
- SectorsEnvironment
- Phone•••• ••••
- Website momentum.technology
- Social LinkedIn
- Legal Name Momentum Technologies Inc Private Limited
- Date of Incorporation 27 Apr, 2000
- Jurisdiction New Delhi, Delhi, India
- Indian entity revenue₹43.64 Cr
FY 2024 · +27% YoY
- Indian entity net profit₹48.4 Lakh
FY 2024 · 1% margin
- Indian entity EBITDA₹1.48 Cr
FY 2024 · 3% margin
- Total Equity Funding$20.1M (USD)
in 2 rounds
- Latest Funding Round$20M (USD), Series B
Dec 2021
- InvestorsTechMet
& 2 more
Associated legal entities of Momentum Technologies
Momentum Technologies operates through Momentum Technologies Inc Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Momentum Technologies Inc Private Limited CIN U72900DL2000PTC105471 | Active | 27 Apr 2000 | New Delhi, Delhi | ₹43.6 Cr | 2 | View details |
Products & Services of Momentum Technologies
Momentum Technologies offers a comprehensive portfolio of products and services, including MSX Technology Systems.
Technology for recovering high-purity critical minerals efficiently.
Funding Insights of Momentum Technologies
Momentum Technologies has successfully raised a total of $20.1M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in December 2021. 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 $20.1M
- Total Rounds 2
- Last Round Series B — $20M
- First Round $100,000
(Feb 2021)
- Investors Count 3
All 2 funding rounds of Momentum Technologies 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 |
|---|---|---|---|---|---|
| Dec 2021 | $20M | Series B | – | TechMet, Freestone Ventures | – |
| Feb 2021 | $100,000 | Seed | – | Halliburton Labs | – |
3 investors in total: 3 institutional.
Investors in Momentum Technologies
Momentum Technologies has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include TechMet, Freestone Ventures and Halliburton Labs.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Critical minerals investments are directed by TechMet across value chains. | 2017 | techmet.com | Dublin, Ireland | |
| freestoneac.com | ||||
Engineering consulting, mechanical testing, and manufacturing setup services are provided. | halliburtonlabs.com | Houston, United States |
Investor details for Momentum Technologies
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Board of directors of Momentum Technologies Inc Private Limited (Momentum Technologies)
Momentum Technologies Inc Private Limited is the primary company behind Momentum Technologies. The board of Momentum Technologies Inc Private Limited currently have 2 directors; the longest-serving is Sandeep Kanwar, appointed in 2000.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sandeep Kanwar DIN 00023507 | Director | 27 Apr 2000 | 26 yrs 6 mo | Momentum Technologies Inc Private Limited |
| Reena Kanwar DIN 02433247 | Director | 01 Apr 2003 | 23 yrs 7 mo | Momentum Technologies Inc Private Limited |
People of Momentum Technologies
12 people are tracked at Momentum Technologies (6 in leadership, 2 in board & advisors, 4 in team).
| Name | Role | Group |
|---|---|---|
Mahesh Konduru | CEO | Leadership |
Preston Bryant | Chief Commercial Officer & Founder | Leadership |
Robert Miles | Chief Technology Officer & Founder | Leadership |
Wes McConnaughay | Director of Laboratory, Pilot, QHSE, & IT Operations | Leadership |
Turab Bajwa | Chief Financial Officer* | Leadership |
Dr. Robert Miles | Chief Technology Officer | Leadership |
Anthony Weiss | Director | Board & advisors |
Ellen Wilkirson | Director | Board & advisors |
William Grumbles | Senior Scientist | Team |
Carl Smith | Advisor | Team |
Kenneth Coleman | Senior Pilot Plant And Lab Engineer | Team |
Amanda Gilpin | Marketing & People Ops Manager | Team |
Complete people profiles for Momentum Technologies
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Financials of Momentum Technologies
Figures of Momentum Technologies Inc Private Limited, the primary company behind Momentum Technologies, for FY 2024. Revenue was ₹43.64 Cr (+27% year on year). Net profit was ₹48.4 Lakh (1% margin). EBITDA was ₹1.48 Cr (3% margin). Revenue has grown at a compounded annual rate of -3% over three years and +14% over five years.
- ₹43.64 CrRevenue · FY 2024 · +27% YoY
- ₹48.4 LakhNet profit · 1% margin
- ₹1.48 CrEBITDA · 3% margin
- ₹2.5 LakhPaid-up capital
- -3%Revenue CAGR, 3 years
- +14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Momentum Technologies Inc Private Limited are on its company page.
Detailed financial statements for Momentum Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Momentum Technologies
3 dated milestones of Momentum Technologies across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Momentum Technologies is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Series B, of $20.0M.
Competitors of Momentum Technologies
Momentum Technologies has 3 listed competitors in our database. They include ERI, Wisetek and PROSHRED.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| eridirect.com | 2003 | Fresno, United States | 452 | E-waste recycling and asset disposition services are provided globally. | ||
| wisetek.net | 2007 | Hyattsville, United States | 3 | E-waste recycling and remanufacturing services are provided worldwide. | ||
| proshred.com | 1986 | Charlotte, United States | Secure document shredding and recycling services are provided nationwide. |
Detailed competitors of Momentum Technologies
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Web traffic of Momentum Technologies
The website of Momentum Technologies (momentum.technology) receives about 2.2K visits a month.
- Monthly visits2.2K
▲ 94.5% vs previous month
Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as Momentum Technologies (Waste & Water Management Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | USD 25.2 B | 61,700 | ||
Integrated waste management services are provided nationwide. | 1998 | Phoenix, Arizona, United States | USD 16.59 B | 42,000 | ||
Smart water dispensers with flavored options are provided for offices. | 2013 | Boston, Massachusetts, United States | USD 135.53 M | 102 |
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Related news about Momentum Technologies
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Frequently Asked Questions about Momentum Technologies
Momentum Technologies was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Momentum Technologies is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Momentum Technologies is a funded company, having raised a total of $20.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Feb 2021.
The primary company behind Momentum Technologies, Momentum Technologies Inc Private Limited, reported revenue of ₹43.64 Cr for FY 2024, up 27% year on year.
Momentum Technologies is engaged in developing and deploying MSX technology systems for the recovery of high-purity critical minerals and metals from waste, including lithium-ion battery waste. Operations are centered on providing modular and localized processing solutions to enhance supply chain resilience for energy transition minerals. The technology is designed to achieve high recovery rates and purity levels, minimizing environmental impact while offering a profitable alternative to traditional mining and processing methods. Services are extended across communities to support sustainable energy and mobility solutions.
Momentum Technologies offers MSX Technology Systems.
Momentum Technologies has 3 investors. Key investors include TechMet, Freestone Ventures, and Halliburton Labs.
Momentum Technologies operates through Momentum Technologies Inc Private Limited.
The legal entities of Momentum Technologies currently have 2 directors, including Sandeep Kanwar, Reena Kanwar.