What is Mangrove Lithium?
Founded in 2013, Mangrove Lithium has engineered a proprietary platform designed to transform diverse input streams into high-purity lithium products. Unlike traditional, resource-intensive extraction methods, the company's technology offers a cost-effective and environmentally conscious alternative for the battery manufacturing sector. Positioned at the intersection of chemical engineering and clean technology, Mangrove Lithium addresses the urgent market demand for scalable, sustainable lithium refining solutions, serving as a vital link between raw material assets and the rapidly expanding electric vehicle ecosystem.
How much funding has Mangrove Lithium raised?
Mangrove Lithium has raised a total of $48M across 3 funding rounds:
Debt
$3M
Series A
$10M
Other Financing Round
$35M
Debt (2021): $3M with participation from Business Development Bank of Canada
Series A (2021): $10M led by Breakthrough Energy Ventures and BDC
Other Financing Round (2025): $35M supported by BDC Capital Management, Asahi Kasei Corporation, InBC Investment, Breakthrough Energy Ventures, BMW, Export Development Canada, Orion Industrial Services, and Mitsubishi Corporation
Key Investors in Mangrove Lithium
Breakthrough Energy Ventures
A mission-driven investment firm backed by global business leaders, focusing on transformative technologies that accelerate the path to net-zero emissions across critical sectors.
Mitsubishi Corporation
A global integrated business enterprise that operates across diverse industries, including energy, metals, and chemicals, with a strong focus on infrastructure and environmental business development.
BMW i Ventures
The venture capital arm of the BMW Group, specializing in high-growth technologies that enhance electric vehicle manufacturing, energy storage, and digital automotive solutions.
What's next for Mangrove Lithium?
With this latest round of financing, Mangrove Lithium is well-positioned to accelerate the commercial deployment of its modular refining technology. The company's strategic roadmap focuses on scaling production capacity to meet the rigorous requirements of global battery manufacturers. By leveraging the expertise of its diverse investor base—which includes leaders in automotive manufacturing and industrial chemicals—Mangrove Lithium is poised to transition from pilot-scale success to full-scale industrial integration, effectively reducing the carbon footprint of the lithium supply chain while enhancing the economic viability of battery-grade material production.
See full Mangrove Lithium company page
