Gm Leads $50 Million Funding Round In Energyx To Unlock U.S.-Based Lithium Supply For Rapidly Scaling Ev Production
Amount Raised
$50 Million
Round Type
Funding Round
AustinSustainabilityVenture CapitalRenewable EnergyInvestors
Description
Energy Exploration Technologies Inc. ("EnergyX") and General Motors Co. (NYSE: GM) today announced that GM Ventures is leading a $50 million Series B financing round in EnergyX, and has entered into a strategic agreement to develop EnergyX's lithium extraction and refinery technology. The collaboration is focused on unlocking the North American supply of lithium, a critical material for EV batteries, by using EnergyX's innovative process to maximize efficiency while improving sustainability for GM's rapidly scaling EV production.
Quick answer
Energy Exploration Technologies raised $50 Million in a Funding Round round, dated April 11, 2023. Investors: GM Ventures, General Motors Co. and Energy Exploration Technologies Inc. Energy Exploration Technologies is based in Austin, Texas, United States.
- How much did Energy Exploration Technologies raise?
- Energy Exploration Technologies raised $50 Million in a Funding Round round on April 11, 2023.
- Who invested in Energy Exploration Technologies?
- GM Ventures, General Motors Co. and Energy Exploration Technologies Inc. are named as investors in this round.
- What does Energy Exploration Technologies do?
- Lithium startup EnergyX, which completed two rounds of financing from 2020 to 2021 through the Netcapital Funding Portal, has received a $450 million investment commitment from private equity firm Global Emerging..
- Where is Energy Exploration Technologies based and how big is it?
- Energy Exploration Technologies is based in Austin, Texas, United States. Fundz records about 103 employees.
- Who are the decision-makers at Energy Exploration Technologies?
- Fundz holds 1 contact at Energy Exploration Technologies, including the Chief Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Sustainability and Venture Capital around the same time
Companies in the same sectors as Energy Exploration Technologies that raised within 45 days of this round, from Fundz verified event records.
- ASTON LABS CO raised $17M on May 23, 2023.
- OXCCU raised $22M on May 22, 2023.
- Modern Hydrogen raised $33M on March 14, 2023.
- Lyten raised an undisclosed amount (Funding Round) on May 25, 2023.
- FuelCell Energy raised $87M (Funding Round) on May 25, 2023.
- Satellite Vu raised $16M (Funding Round) on May 24, 2023.
Who to call at Energy Exploration Technologies, and when
A new round usually means Energy Exploration Technologies is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Energy Exploration Technologies raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Energy Exploration Technologies, from your own LinkedIn network
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Related People
Energy Exploration Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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