Novalith raises $2.5m seed funding to launch its clean lithium extraction technology
Retrieved on:
Monday, October 25, 2021
SYDNEY, Oct. 25, 2021 /PRNewswire/ -- Novalith Technologies Pty Ltd ("Novalith"), an Australian climate technology companytargeting the global lithium market, has successfully raised AU$2.5 million in a seed funding round.
Key Points:
- SYDNEY, Oct. 25, 2021 /PRNewswire/ -- Novalith Technologies Pty Ltd ("Novalith"), an Australian climate technology companytargeting the global lithium market, has successfully raised AU$2.5 million in a seed funding round.
- Novalith is set to accelerate the development of its Australian-made lithium extraction and refining technology to provide a low carbon, sustainable approach to lithium production.
- Their technology aims to substantially reduce production costs, improve sustainability outcomes, and ultimately revolutionise the global battery supply chain.
- By investing in this ground-breaking Novalith technology, we are backing the development of a competitive sustainable business of the future."