Material
topic on 1 show · 15 statements across 2 episodes · said 31 times in 2 episodes since 2025
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the Pitch 31
2025 31 mentions in 2 episodes 16 per episode
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15 statements about Material, every show
Material closed $1.5M of $3M round and opened Miami facility
“Gabe closed 1.5 million of his three million dollar round, and they opened their first dedicated facility in Miami.”
Material has closed $1.5 million of its $3 million seed round
“He's closed 1.5 million of his three million dollar round.”
Material cuts nanomaterial manufacturing costs 100x to sub-dollar per gram
“We've actually developed a way to manufacture these nanomaterials at fractions of a dollar per gram, which is, I mean, a hundred X cost decrease over what we have in the lab.”
Material currently produces batteries at $390 per kWh with 20% margins
“We're still able to achieve a 20% margin on batteries at an all-in production cost of 390 dollars per kilowatt hour.”
Elias: F1 engineering takes conventional automakers four times longer
“The things I was able to do in Formula One would take a conventional auto manufacturer, probably four or five times the amount of time and money for that matter.”
Wiseman: Battery market competition destroys pricing power and gross margins
“I'm concerned about the gross margins at this point. I'd want to see much higher margins, or at least a path that could get me to significantly higher margins, and I just think that speaks to the, unfortunately, the intensity of the competitive dynamics here, …”
Elias: Customizing battery nanomaterials incurs negligible cost for Material
“But these are all customizable, and they really don't cost us as a company much of anything to make that change for each customer.”
Material is targeting early-stage gross margins of 25% to 30%
“Well, I guess it depends on the complexity, but, you know, I'm going to be targeting in the 25 to 30% margin, at least at the early stage.”
Material expects its battery manufacturing costs to reach $85–$90 per kWh
“We expect to be able to manufacture at somewhere around the 85 to 90 dollars per kilowatt hour.”
Material has built three multi-material 3D printers and printed 150 batteries
“We've created three multi-material, multi-modal, three-D printers. We've printed over a 150 batteries, and we've raised our energy density from initially pretty low levels and testing into now competitive rates.”
Elias: Competitors won't produce collector-free conformal batteries for a decade
“It's something that's not seen in the industry right now. It is emerging, I would say, in academia, and you might see it from other players in the next decade, but we're first movers because we had so much experience prior to starting this company.”
Material's proprietary nanomaterial blend eliminates the need for current collectors
“So our secret sauce is really our specialized nanomaterial blend that we developed in-house over the last couple years, and what this allows us to do is create batteries without current collectors. That's how we can make these conformable shapes.”
Elias: Material's battery manufacturing platform is chemistry agnostic
“So we're chemistry agnostic, which is great.”