SQM LITHIUM VENTURES COMPLETES ALTILIUM'S USD 12M SERIES A FUNDING THROUGH FOLLOW-ON INVESTMENT
PLYMOUTH, England , Feb. 21, 2024 /PRNewswire/ -- SQM Lithium Ventures is proud to announce its follow-on investment of USD 9.43 million in Altilium, a UK-based clean technology group focused on supporting the energy transition to net zero, bringing its total investment to USD 12 million.
- PLYMOUTH, England , Feb. 21, 2024 /PRNewswire/ -- SQM Lithium Ventures is proud to announce its follow-on investment of USD 9.43 million in Altilium, a UK-based clean technology group focused on supporting the energy transition to net zero, bringing its total investment to USD 12 million.
- The investment completes Altilium's Series A funding round and marks the largest investment to date for SQM Lithium Ventures, the corporate venture arm of the lithium business of Sociedad Quimica y Minera de Chile (SQM), one of the world's leading producers of battery-grade lithium.
- SQM Lithium Ventures made an initial investment of USD 2.57 million in Altilium last year.
- In addition to providing capital investment, SQM Lithium Ventures also brings considerable experience in large-scale project delivery and a commitment to innovation and sustainability.