Lithium refining company Mangrove Water Technologies has closed an $85 million funding round backed by some heavyweight names in the innovation space. The Canada Growth Fund joined forces with BMW's i Ventures division and Breakthrough Energy LLC—the venture fund backed by Bill Gates—to support the company's mission. The capital will fuel Mangrove's efforts to scale its lithium extraction and processing technologies, a critical piece of the puzzle as demand for battery materials continues climbing. With energy efficiency and sustainability becoming central to how industries operate, this funding signals growing confidence in next-generation solutions for resource extraction.
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FOMOrektGuy
· 6h ago
Bill Gates' comment is really spot on; now there's hope for lithium mining and refining.
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VitalikFanAccount
· 6h ago
Gates' investment is really reliable; this is the kind of technological direction we should support.
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LiquidityWhisperer
· 6h ago
85 million, this fundraising lineup is quite fierce, even Gates Foundation has stepped in.
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DegenDreamer
· 6h ago
Gates is investing in this, lithium mining and refining should be the next hot spot.
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JustHereForAirdrops
· 6h ago
Bill Gates-backed lithium extraction technology, this time the battery shortage should be alleviated.
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ChainDoctor
· 6h ago
Gates invested, BMW also jumped on board. Now the lithium extraction technology is really about to take off.
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RugDocDetective
· 6h ago
Hmm, Gates is getting into lithium mining. This round of funding is quite something.
Lithium refining company Mangrove Water Technologies has closed an $85 million funding round backed by some heavyweight names in the innovation space. The Canada Growth Fund joined forces with BMW's i Ventures division and Breakthrough Energy LLC—the venture fund backed by Bill Gates—to support the company's mission. The capital will fuel Mangrove's efforts to scale its lithium extraction and processing technologies, a critical piece of the puzzle as demand for battery materials continues climbing. With energy efficiency and sustainability becoming central to how industries operate, this funding signals growing confidence in next-generation solutions for resource extraction.