What is Mangrove Lithium?
Mangrove Lithium, founded in 2013 and headquartered in Vancouver, Canada, has developed a breakthrough platform designed for the most cost-effective production of battery-grade lithium hydroxide and carbonate from diverse input streams and assets. The company's innovative approach aims to address critical supply chain needs within the rapidly expanding electric vehicle and energy storage markets. This enterprise-level funding positions Mangrove Lithium to scale its operations and further refine its proprietary technology.
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 Export Development Canada, BMW, Orion Industrial Services, Breakthrough Energy Ventures, Mitsubishi Corporation, BDC Capital Management, Asahi Kasei Corporation, and InBC Investment
Key Investors in Mangrove Lithium
Export Development Canada
Export Development Canada provides risk management, secure financing, and working capital services, supporting Canadian businesses in international trade and investment.
BMW
BMW i Ventures invests in innovative companies across the automotive sector, focusing on technologies that enhance electric vehicles, manufacturing solutions, and digital sales platforms.
Breakthrough Energy Ventures
Breakthrough Energy Ventures invests in cutting-edge companies that will lead the world to net-zero emissions, supporting entrepreneurs building companies to significantly reduce emissions across various sectors.
What's next for Mangrove Lithium?
With this substantial enterprise-level backing, Mangrove Lithium is poised for significant expansion and technological advancement. The company's focus on cost-effective lithium production from varied sources is strategically aligned with global decarbonization efforts and the increasing demand for battery materials. Future developments are likely to center on scaling production capacity, securing key partnerships, and further optimizing their technology to meet the stringent requirements of the battery manufacturing sector. This strategic investment signals strong confidence in Mangrove Lithium's ability to become a key player in the global lithium supply chain.
See full Mangrove Lithium company page
