Lihytech
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Lihytech - overview
Location
-, -, Saudi Arabia
Primary Industry
Mining
About
Based in Saudi Arabia, Lithium Infinity, doing business as Lihytech is a developer of a membrane-based lithium extraction technology to change the whole chain for electric vehicles. In January 2023, Lihytech raised USD 6 million in venture funding led by new investor Ma'aden, with participation from another new investor, KAUST Innovation Ventures. The company uses lithium extraction technology to extract alkali metal from sources such as seawater, brine, red mud, and more to support the development of batteries that power EVs, smartphones, personal electronic devices, and more. The company plans to use the funding to build a pilot facility to extract lithium from the Red Sea.
Current Investors
KAUST Innovation Ventures, Ma'aden
Primary Industry
Mining
Sub Industries
Metal Mining
Verticals
Manufacturing
Company Stage
Early Stage
Total Amount Raised
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