Mangrove Water Technologies Ltd. Asset Profile

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Year established

2017

Location

Vancouver BC Canada

Primary Industry

Renewable Energy

About

Founded in 2017 and based in Vancouver, Canada, Mangrove Water Technologies Ltd., trading under the name Mangrove Lithium provides a modular platform for the production of lithium hydroxide for batteries. In February 2021, the firm has raised a venture funding of USD 3 million from BDC Capital. Mangrove Water Technologies Ltd. helps the battery manufacturers in increasing their production while stabilizing its lithium hydroxide, as well as the lithium producers in providing a reduction in operating expense while eliminating their capital expenditures. The firm's technology platform also converts waste brines into chemicals and desalinated water. The firm plans to use its funding from BDC Capital in February 2021 to advance its technology platform and to roll out the commercial systems with upstream lithium producers and cathode and cell manufacturers.

Current Investors

BDC Capital, Breakthrough Energy Ventures, BMW i Ventures

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Primary Industry

Renewable Energy

Sub Industries

Renewable Energy, Energy Storage & Batteries

Website

www.mangrovelithium.com

Verticals

Clean Technology

Company Stage

Series A

Total Amount Raised

Subscriber access only

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