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.