Connect with us

Hi, what are you looking for?

Impossible Mining
Impossible Mining AUV. Image courtesy of Impossible Mining.


Impossible Mining Closes $10.1 Million in Seed Funding

Impossible Mining recently closed $10.1 million in seed funding and announced its key advisors. I recently interviewed the CEO of Impossible Mining, Oliver Gunasekara, for a two-part interview series that can be viewed here and here.

According to the press release, the funding was led by Justin Hamilton and had additional participation from a select group of YC investors. The goal is is to develop and test the four-mile deep robotic collection system and continue the development of the company’s bio-extraction technology.

Hamilton shared thoughts about the battery markets being fueled by the growth in EVs and emphasized the importance of looking to the seabed, as it has the largest global resource of battery metals.

“Lithium-ion battery markets will increase tenfold in the next decade, fueled by growth in EVs. The deep seabed contains the largest global resource of battery metals. The Impossible Mining team has demonstrated its robotics technology showing the capabilities for selective pickup, rising to the challenge of accessing these metals in an environmentally responsible way.”

Oliver Gunasekara, CEO and co-founder of Impossible Mining, highlighted the importance of the U.S. having independent and secure access to battery metals.

“The US needs independent, secure access to critical battery metals. We are excited to accelerate the production of our deep water robots with this injection of capital, and to prove to both regulators and stakeholders that we can achieve what dredge-based technology can’t — the preservation of the seafloor environment.”

In my recent interview with Oliver, he told me that what led him to cofound Impossible Mining was an event that happened on land — far away from the deepest parts of the oceans where these critical polymetallic nodules lay. Oliver lives in the Bay Area, and in 2020, that area was impacted by the worst wildfires he’d ever experienced.

“The sky went orange and I know it was quite well-documented. The air quality was dreadful. And at that point, I really kind of told myself that if I’m going to do another company — another startup — it needs to be in the climate tech space because I really feel that we don’t have a huge amount of time to make an impact on the climate crisis.”

Portland, Oregon wildfire smoke. Image courtesy of Joe Wachunas.

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Johnna owns less than one share of $TSLA currently and supports Tesla's mission. She also gardens, collects interesting minerals and can be found on TikTok


You May Also Like

Green Economy

Deep sea mining, carbon capture, and geoengineering. Three ideas that treat the symptoms but not the cause of global warming.

Clean Transport

Last year, I shared the lesser-known story of the first electric Minis. For most people, the first electric Mini was the one revealed around...

Clean Transport

Campus-based operations such as mines are some of the best places for utilizing electric vehicles. The nature of their operations often revolve around regular,...


If you remember 2022 (it seems so long ago now), you probably remember the Inflation Reduction Act (IRA). If you’re a fan of EVs...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.