SusMaX

Private

Philadelphia, PennsylvaniaFrontier & Industrial Techhttps://susmax.com

Last Round

Grant

Sep 22, 2023

Total Funding Raised

$1.43M

Company Overview

SusMaX is a cleantech company that converts waste coal combustion products into value-added lightweight aggregate for the construction industry.

Sector

Frontier & Industrial Tech

Verticals

Advanced Materials, Circular Economy, Construction Tech, Waste Management, Green Building

Business Model

B2B

Customer Profile

Hardware Sales, Government Contracts

AI Layer

Non-AI

Keywords

lightweight aggregatewaste to valuecoal ash recyclingadvanced materialssustainable construction materialscircular economyclimate techconstruction materialsdeep techlightweight concretegreen building materialsindustrial waste upcyclingthermochemical processgeotechnical fills

Historical Pricing

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Caplight Momentum Score

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SusMaX Comparables

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SusMaX Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Grant	Sep 22, 2023
VC Round	Aug 1, 2023
Accelerator	Aug 15, 2022
Grant	Aug 15, 2021

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Key People

Founding team and executive leadership

Mo Balapour

Co-founder And CEO

Founding Team

SusMaX Investors

Notable investors and investment history

SusMaX investors
Investor	Rounds
The Heritage Group	Accelerator
Drexel University	VC Round, Grant
National Science Foundation	Grant

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Market signals

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Nov 9, 2025
Monthly visitors increased 135% MoM.
Jun 1, 2025
Monthly visitors grew 63% MoM, reaching 1.4K.

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SusMaX Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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SusMaX Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersPhiladelphia, Pennsylvania

Employee Range4

Year Founded2020

Last FundingSep 22, 2023

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