Funding Round attributes
Lithios has successfully secured a total of $12 million in funding to enhance its lithium extraction capabilities. This financing round consists of $10 million in seed financing and an additional $2 million in venture debt, aimed at scaling the company’s Advanced Lithium Extraction (ALE) technology. The funding was led by Clean Energy Ventures, with contributions from other investors including TechEnergy Ventures, GS Futures, Lowercarbon Capital, and the Massachusetts Clean Energy Center.
Lithios, founded in 2022 and based in Cambridge, Massachusetts, is focused on developing sustainable and cost-effective methods for lithium extraction. The company’s ALE technology is designed to unlock access to untapped lithium resources by efficiently extracting lithium from brine deposits that are challenging for existing methods to process.
