The Engine was among the investors that helped the lithium mining process developer raise a series B round first announced last month.
Lilac Solutions, a US-based lithium extraction technology developer exploiting Northwestern University research, reached a final close of its $150m series B round on Wednesday featuring incubator and venture fund The Engine.
Industrial gas producer SK Materials, conglomerate Sumitomo’s Presidio Ventures unit and 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.
The round was first disclosed last month with the same figure and…
