Allegheny Ridge Ventures
Seed lead
Led our $3.4M seed in March 2025. Climate and industrial logistics fund based in Pittsburgh.
Investors
Unit economics that work per crate, not per pitch deck
Ferrous is a working logistics business: trucks, crates, a grading bench and signed manifests. Here is where the company stands.
Kilograms recycled, live from the facility
The same counter runs on our homepage and here. It reads directly from lot intake at the Hatfield Street facility — the number we report to customers and to our board is the number you see.
4,812,340 kg
Kilograms of battery material recycled
Live from our Hatfield Street facility
as of October 8, 2026
Kilograms processed per quarter
| Quarter | Kilograms processed |
|---|---|
| Q3 2024 | 48,000 |
| Q4 2024 | 126,000 |
| Q1 2025 | 214,000 |
| Q2 2025 | 331,000 |
| Q3 2025 | 452,000 |
| Q4 2025 | 578,000 |
| Q1 2026 | 701,000 |
| Q2 2026 | 1,064,000 |
| Q3 2026 | 1,298,000 |
$3.4M
Seed round
Closed March 2025, led by Allegheny Ridge Ventures.
41
Pickups per week
Across shared and dedicated routes, up from 12 in early 2025.
$185
Average revenue per module
Blended across reuse placement and material recovery.
68%
Facility utilization
Hatfield Street bench and staging capacity, before the 2026 expansion.
Operating numbers
Reported monthly to the board. Recovery rate is audited per lot by our downstream smelter partners.
- Battery material processed since 2024
-
4.81M kg
Battery material processed since 2024
- Partner sites on active pickup routes
-
212
Partner sites on active pickup routes
- States served from Pittsburgh
-
14
States served from Pittsburgh
- Material recovery rate across all lots
-
98.2%
Material recovery rate across all lots
The thesis
Millions of EV batteries will leave service this decade, and almost nobody can legally move them. The gap is not technology — it is logistics: certified crews, hazmat transport, honest grading and audited downstream placement, sold as one service. Ferrous runs that service today, from a hub in the region that produced the people who know how to do it.
“We are not a software company pretending to do logistics. We have trucks, crates and a bench, and we can show you every kilogram.”
Where the seed went, and what is next
- Facility — 40%
Hatfield Street build-out: grading bench, fire-rated staging and a second dock. - Fleet and crews — 30%
Three trucks, hazmat certification for every operator, the Columbus driver base. - Permits and compliance — 15%
DOT, RCRA and state-level permits across all 14 states, maintained in-house. - Downstream agreements — 15%
Audited smelter and second-life buyer contracts so every lot has a destination.
Backers
Institutional and angel capital from people who operate in metals, logistics and batteries.
Three Rivers Climate Fund
Seed participant
Regional circular-economy fund. Joined the seed round and sits as an observer.
Juniper Lane Angels
Angel syndicate
Fourteen operators from logistics, metals and battery manufacturing, syndicated in 2025.
Priya Raghavan
Angel investor
Former battery materials research lead; advises our test-engineering roadmap.
Dale Whitcomb
Angel investor
Retired plant manager, 31 years in metals processing. Reviews our facility safety program quarterly.
Sofia Marquez
Angel investor
Builds reverse-logistics networks for consumer electronics; helps shape our shared-route model.
Request the investor deck
Send a note with your fund and focus areas. Lena replies personally, usually within two business days, with the deck, monthly operating numbers and references from two fleet customers.
Email investors Email investors@ferrous.eco