SK Materials, Presidio Ventures and BMW i Ventures were among the investors that helped the lithium mining process developer complete its series B round.
US-based lithium extraction technology developer Lilac Solutions reached a final close of its $150m series B round yesterday featuring industrial gas producer SK Materials and conglomerate Sumitomo Corporation.
BMW i Ventures, the venture capital firm formed by automotive manufacturer BMW, also took part in the round, as did MCJ Collective and Earthshot Ventures, while Sumitomo was represented by its Presidio Ventures unit.
The round was first disclosed last month with the same figure and was co-led by Lowercarbon Capital…
