What is Mangrove Lithium?
Headquartered in Vancouver, Canada, Mangrove Lithium has established itself as a critical player in the lithium supply chain since its inception in 2013. The company specializes in a breakthrough platform designed to optimize the cost-effectiveness of battery-grade lithium production. By addressing the inefficiencies inherent in traditional extraction and refining processes, Mangrove Lithium provides a scalable solution for the automotive and energy sectors. Its market position is bolstered by a unique ability to process varied assets, effectively bridging the gap between raw resource availability and the stringent purity requirements of modern battery manufacturers.
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 Orion Industrial Services, Export Development Canada, BMW, Breakthrough Energy Ventures, Mitsubishi Corporation, BDC Capital Management, Asahi Kasei Corporation, and InBC Investment
Key Investors in Mangrove Lithium
Breakthrough Energy Ventures
A prominent venture capital firm backed by global business leaders, focusing on long-term investments in technologies that significantly reduce greenhouse gas emissions.
BMW i Ventures
The corporate venture arm of BMW, specializing in high-growth startups that advance electric vehicle technology, manufacturing efficiency, and digital automotive solutions.
Mitsubishi Corporation
A global integrated business enterprise with extensive operations in energy, metals, and industrial infrastructure, providing strategic support for large-scale resource development.
What's next for Mangrove Lithium?
With the successful closure of this major strategic investment, Mangrove Lithium is well-positioned to accelerate its commercial deployment and scale its production capacity. The company's roadmap focuses on deepening its integration within the global battery ecosystem, supported by a consortium of investors that includes automotive giants and clean-tech venture firms. Future growth will likely center on expanding operational footprints and refining its modular technology to meet the surging demand for high-purity lithium, ensuring the company remains at the forefront of the critical minerals sector as global electrification mandates intensify.
See full Mangrove Lithium company page
