The Calgary cleantech firm said the funding round included participation from BHP Ventures and will be used to advance commercialization of its technology, which it says makes lithium cleaner and more efficient. (The Logic)
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The Calgary cleantech firm said the funding round included participation from BHP Ventures and will be used to advance commercialization of its technology, which it says makes lithium cleaner and more efficient. (The Logic)
Talking point: The company says its technology addresses supply and sustainability issues to meet the demand for lithium as electric-vehicle and renewable-energy adoption rises. The round was co-led by Singapore-based Xora Innovation and U.S.-based Capricorn Investment Group’s Technology Impact Fund. CEO and founder Amanda Hall told Bloomberg that Nanotech plans to raise at least US$100 million in a Series B by early next year. It is also engaged in talks with three automakers. The company has raised US$17.37 million to date, according to PitchBook. The deal values it at US$36 million.
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