Novalith

Novalith is a 2020-founded startup based in Australia. The company's slogan "We simplify lithium chemicals production" encapsulates its mission. Novalith is focused on commercializing an innovative lithium extraction and refining technology that directly utilizes and sequesters carbon dioxide to establish a low carbon, sustainable method for lithium chemicals production. This pioneering approach aims to significantly reduce production costs, enhance sustainability outcomes, and ultimately revolutionize the global battery supply chain. In its latest funding round, Novalith secured a noteworthy $23.00M Series A investment on 17 April 2023. The investment was backed by prominent investors, including Investible, Clean Energy Innovation Fund, Lowercarbon Capital, TDK Ventures, Kristin Vaughan, Jeremy and Hannelore Grantham Environmental Trust.