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Lilac Solutions Announces $150 Million Series B To Scale Lithium Supply For The Electric Vehicle Era

PRIVATESep 22, 2021

Amount Raised

$150 Million

Round Type

Series B

OaklandManufacturingInformation TechnologyEnergySustainabilityNatural ResourcesScience And Engineering

Description

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 Information

Company

Lilac Solutions, Inc.

Location

1731 POPLAR STREET

Oakland, California, United States

About

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.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Lilac Solutions, Inc. 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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