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

Sep 22, 2021•almost 4 years ago

Amount Raised

$150 Million

Round Type

series b

Oakland

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

Location

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.

FundzWatch™ Score

Medium Activity

Funding Insights

Based on industry data

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