Mulberry Industries
Component · Norcross, GA, US
US vertically-integrated manufacturer of high-performance permanent magnets and electric motors/generators.
End-to-end domestic rare-earth magnet production (NdFeB + SmCo) from feedstock through refining, metallization and magnetization, for defense/aerospace/automotive/robotics.
Research mapping
Physical AI / Materials & Critical Components (L3) / Component
Evidence boundary
Original analysis and independent corroboration remain under development. Commercial scale and durable technical advantage remain under review.
What makes it defensible
Vertically integrated magnet production (refining → metallization → magnetization) plus proprietary fifth-generation grain-boundary diffusion that uses 30–80% less heavy rare earth while holding magnetic performance — company-reported, and the ex-China cost wedge.
Position in the stack: Component supplier of sintered permanent magnets and motors/generators into defense, aerospace, automotive and robotics; moat is process IP plus domestic qualification and a stated 10-year rare-earth stockpile, in an industry where nearly all capacity sits in China.
Who buys it
Founding team
Kevin Feng — Co-Founder & CEO — Leads Mulberry; co-founder and CEO per company profile records and press releases on the Ramaco Resources rare-earth offtake MOU.
SourceFinancing detail
- Last round
- Early VC
Investors: LMNT Ventures, Anorak Ventures, Borusan Ventures, IceNine Capital, Mana Ventures
Mapped funds and investors
Direct relationships supported by published evidence.
Reported holdings as-of
No sourced relationships mapped yet.
Disclosed investment history
| Fund / investor | Last sourced | Relationship | Evidence |
|---|---|---|---|
| LMNT Ventures | participant | Source |
Showing up to four relationships in each group. ETF weights describe the fund’s portfolio, not ownership of this company. Private investment history does not establish current ownership.