Milvus Advanced is a technology company.
Milvus Advanced has raised $7.0M across 1 funding round.
Milvus Advanced has raised $7.0M in total across 1 funding round.
Milvus Advanced has raised $7.0M in total across 1 funding round.
Milvus Advanced's investors include Cipio Partners, Citi Ventures, Early Game Ventures, Hoxton Ventures, TQ Ventures, Bartosz Lipnicki.
Milvus Advanced is a deep-tech startup founded in Oxford, UK, in 2022, specializing in next-generation nanomaterials that replace scarce, expensive rare metals like platinum and iridium with sustainable, earth-abundant nanoalloys.[1][2][3] Operating on a B2B model, it delivers high-performance catalysts for clean energy, chemical manufacturing, and electronics, solving supply chain vulnerabilities, cost volatility, and environmental damage from rare metal mining.[1][2] The company targets electrochemical and optoelectronic applications, such as hydrogen electrolysers, solar systems, and industrial reactions, with its first commercial nanocatalysts slated for 2026; it recently raised a seed round to scale production and has demonstrated the world's cheapest hydrogen electrolyser without rare metals.[2][4][5]
Milvus Advanced was founded in 2022 in Oxford by Assia Kasdi, CEO with a PhD in Materials Science from Oxford, where her research focused on synthesizing copper-based nanowires for optoelectronics and electrochemical applications; she previously founded Oxmetics, an eco-friendly cosmetics company.[3] The idea emerged from the growing demand for clean energy technologies hampered by precious metal shortages—hydrogen growth alone could deplete global platinum and iridium supplies in decades—prompting Kasdi's team to develop "modern-day alchemy" that reprograms common metals to mimic rare ones at the nanoscale.[3] Early traction includes building the world's cheapest hydrogen electrolyser without rare metals, securing backing from investors like Hoxton Ventures and Lowercarbon Capital, and a seed funding round to industrialize production.[2][3][4]
Milvus rides the clean energy transition wave, where surging demand for hydrogen, EVs, and solar is clashing with finite precious metal supplies—iridium shortages alone threaten green hydrogen scaling.[3] Timing is critical amid 2025's geopolitical tensions and net-zero mandates, as industries seek alternatives to volatile, unethical mining; Milvus' nanoalloys enable affordable, reliable decarbonization without extractive dependencies.[1][2][3] It influences the ecosystem by catalyzing a "materials revolution," undercutting catalyst markets, boosting energy efficiency, and inspiring deep-tech shifts toward abundant-element innovation.[1][5]
Milvus Advanced is poised to disrupt catalysis with 2026 commercial launches, expanding from hydrogen electrolysers to broader clean tech and electronics amid accelerating decarbonization pressures.[2][5] Trends like AI-optimized materials design and policy-driven green manufacturing will amplify its edge, potentially capturing share in $100B+ markets while drawing more VC for scale-up.[1][3] As rare metal constraints intensify, Milvus could redefine elemental limits, fueling a sustainable energy boom that echoes its founding vision: rewriting the periodic table for a limitless clean future.[2][4]
Milvus Advanced has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in October 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2025 | $7.0M Seed | Cipio Partners, Citi Ventures, Early Game Ventures, Hoxton Ventures, TQ Ventures, Bartosz Lipnicki |