Mangrove Lithium secured $35M in a funding round led by Mitsubishi Corporation to construct North America's first electrochemical lithium refining facility.
Amount Raised
$35 Million
Round Type
Funding Round
DeltaManufacturingEnergyRenewable EnergyInvestors
Description
Mangrove Lithium announced the closure of a $35M financing to begin construction of a groundbreaking lithium refining plant in Delta, British Columbia. The facility aims to produce battery-grade materials for approximately 25,000 electric vehicles each year.
Quick answer
Mangrove Lithium raised $35 Million in a Funding Round round, dated January 28, 2025. Investors: Asahi Kasei Corporation, Breakthrough Energy Ventures, Mitsubishi Corporation, BDC Capital, BMW I Ventures, Export Development Canada, Orion Industrial Ventures and InBC Investment Corp. Mangrove Lithium is based in Delta, British Columbia, Canada.
- How much did Mangrove Lithium raise?
- Mangrove Lithium raised $35 Million in a Funding Round round on January 28, 2025.
- Who invested in Mangrove Lithium?
- Asahi Kasei Corporation, Breakthrough Energy Ventures, Mitsubishi Corporation, BDC Capital, BMW I Ventures, Export Development Canada, Orion Industrial Ventures and InBC Investment Corp. are named as investors in this round.
- What does Mangrove Lithium do?
- Mangrove Lithium is a technology company based out of Vancouver, Canada that has developed a patented electrochemical lithium refining technology for the conversion of lithium extracted from a variety of feedstocks into..
- Where is Mangrove Lithium based and how big is it?
- Mangrove Lithium is based in Delta, British Columbia, Canada. Fundz records about 48 employees.
- Who are the decision-makers at Mangrove Lithium?
- Fundz holds 1 contact at Mangrove Lithium. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Mangrove Lithium that raised within 45 days of this round, from Fundz verified event records.
- Terabase Energy raised $130M (Series C) on March 14, 2025.
- Pure Lithium Corp raised an undisclosed amount (Grant) on March 10, 2025.
- WATTER raised $5M (Seed) on March 5, 2025.
- Moonwatt raised $8.3M (Seed) on March 4, 2025.
- GaltTec raised $1M (Pre-Seed) on February 28, 2025.
- Dragonfly Energy Holdings Corp raised $3.5M on February 27, 2025.
Who to call at Mangrove Lithium, and when
A new round usually means Mangrove Lithium is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Mangrove Lithium raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Mangrove Lithium, from your own LinkedIn network
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Related People
Mangrove Lithium 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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