Lilac Solutions Announces $150 Million Series B To Scale Lithium Supply For The Electric Vehicle Era
Lilac Solutions Announces $150 Million Series B To Scale Lithium Supply For The Electric Vehicle Era
09/22/21, 8:17 PM
Location
oaklandMoney raised
$150 million
Round Type
series b
Lilac Solutions, a lithium extraction technology company, announced today the first close of a $150 million Series B financing led by Lowercarbon Capital and funds and accounts advised by T. Rowe Price Associates, Inc. Additional new investors include Mercuria Energy Trading and Valor Equity Partners; existing investors Breakthrough Energy Ventures and The Engine also participated in the round.
Company Info
Location
oakland, california, united states
Additional Info
Lilac Solutions is a lithium extraction technology company based in Oakland, California. Lilac has developed a patented ion exchange technology that facilitates production of lithium from brine resources with high efficiency, minimal cost, and ultra-low environmental footprint. Lilac's mission is to scale global lithium production to support the electric vehicle industry and energy transition.