Lithium extraction technology developer Lilac Solutions has secured $20m in series A funding from investors including the Engine.
The Engine, the incubator and venture fund set up by Massachusetts Institute of Technology, yesterday contributed to a $20m series A round for Lilac Solutions, a US-based lithium mining technology developer.
Breakthrough Energy Ventures led the round, while Lowercarbon Capital and Grantham Foundation also took part.
Lilac Solutions is working on an ion exchange technology that enables the extraction of lithium from brine resources in a more efficient and cheaper way than current approaches allow. The technology has…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
