Lilac Solutions Raises $145M in Series C Funding
Summary
Lilac Solutions, an Oakland, CA-based company which specializes in lithium extraction technology, raised $145M in Series C funding. Led by CEO Dave Snydacker, and COO Raef Sully, Lilac Solutions is a lithium extraction technology company developing patented ion exchange technology that facilitates production of lithium from brine resources with efficiency, minimal cost, and a low environmental footprint. IX technology has been developed for a wide variety of industrial applications; however, prior to Lilac, there has never been an economically viable IXM for lithium production. These offerings cover test work, Front-End Loading (FEL) engineering, on-site piloting, and a turnkey package for commercial production with capabilities including design, build, operation, and supply of IXM. The company intends to use the funds to expand operations and ramp up manufacturing capacity of its propriety ion-exchange (IX) material and commercial deployment at projects around the world.