Pure Lithium, a Charlestown, MA-based lithium metal battery technology company, raised $15M in Series A funding.
Oxy Low Carbon Ventures made the investment.
The company intends to use the funds to accelerate its development and commercialization efforts.
Led by Donald R. Sadoway, CSO, and Emilie Bodoin, CEO, Pure Lithium provides novel Brine to Battery™ extraction technology that sources lithium to create a battery-ready electrode in one day. The resulting battery is free of excess lithium, cobalt, nickel, manganese and graphite.
Commenting on the news, Emilie Bodoin said: “At Pure Lithium, our mission is to commercialize the lithium metal battery via vertical integration across the entire value chain, from resource to battery. Our breakthrough Brine to Battery™ lithium metal extraction technology produces battery ready lithium metal anodes in one step from aqueous lithium sources. Our resulting lithium metal batteries have achieved over 800 charge and discharge cycles while retaining 97% capacity, proving the performance of our Pure Lithium metal anode. We are thrilled to have OLCV join our journey as a value-adding shareholder. Their strategic vision is well aligned with Pure Lithium.“
FinSMEs
15/03/2024