The Engine has reinvested in Lilac Solutions, a lithium extraction technology developer building on research at Northwestern University.
Lilac Solutions, a US-based lithium mining technology producer exploiting research at Northwestern University, picked up $150m in a series B round featuring The Engine, the incubator and venture fund backed by Massachusetts Institute of Technology and Harvard University, yesterday.
Lowercarbon Capital co-led the round with funds and accounts advised by T Rowe Price Associates, while commodity trading firm Mercuria Energy Trading, Valor Equity Partners and Breakthrough Energy Ventures also participated.
Lilac Solutions has created an ion exchange technology…
