Cleantech Company Summit Nanotech Closes Us$14M Series A Round To Advance Sustainable Lithium Extraction
Cleantech Company Summit Nanotech Closes Us$14M Series A Round To Advance Sustainable Lithium Extraction
03/01/22, 2:30 PM
Location
calgaryMoney raised
$14 million
Industry
transportation
sustainability
Round Type
series a
Summit Nanotech Corporation, a leader in sustainable lithium extraction, announced today the closing of a Series A investment round of US$14M, co-led by Xora Innovation (an early-stage deep tech investing platform of Temasek) and Capricorn’s Technology Impact Fund, along with BHP Ventures. Funds will be used to advance the commercialization of Summit Nanotech’s technology.
Company Info
Location
calgary, alberta, canada
Additional Info
Summit Nanotech Corporation is a cleantech organization transforming how the world accesses lithium for the global energy transition. Through their proprietary and sustainable direct lithium extraction (DLE) technology, Summit Nanotech is conserving natural resources and optimizing operations for lithium producers in Chile and Argentina.
Established in 2018 and headquartered in Calgary, Alberta, Summit Nanotech is a Foresight 50 honoree as one of Canada’s most investable cleantech ventures, included in the Future 50 list for fastest growing sustainability companies in Canada, and has received the 2021 MaRS Women in Cleantech Challenge, and Solar Impulse Foundation's Efficient Solutions Label awards.