Solcoa Industries Raises $75 Million To Build Rare Earth Metallization Plant Solcoa One

Solcoa Industries, founded in 2025 and led by CEO Hooman Reza Nezhad, raised $75 million to build Solcoa One, its first commercial rare earth metallization plant. The financing includes $45 million in equity led by Bain Capital Ventures, with participation from Gigascale Capital, Long Journey, Felicis and others, plus $30 million in debt and equipment financing anchored by J.P. Morgan; the Nevada plant is expected to begin operations in July 2027 with 500 tonnes of annual NdPr and samarium metal capacity. FOUNDERS: Hooman Reza Nezhad & Artem Iurkovsky INVESTORS: Bain Capital Ventures, Mike Schroepfer, Gigascale Capital, Arielle Zuckerberg, Long Journey, Felicis, Dylan Field, Alexis Ohanian Sr., J.P. Morgan AMOUNT: $75,000,000 HQ: Alameda, California #VentureCapital #SolcoaIndustries #HoomanRezaNezhad #TradedVC