Mangrove raises $3M from BDC Capital to accelerate deployment of battery-grade lithium processing systems
Green Car Congress
FEBRUARY 15, 2021
Canada-based Mangrove Lithium closed a $3-million financing from BDC Capital’s Cleantech Practice. Mangrove is the developer of a modular platform for the cost-effective production of battery-grade lithium hydroxide. Lithium processing is presently concentrated in a small number of regions in the world. —Mangrove’s CEO Saad Dara.
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