Lilac Solutions Secures $145 Million Series C Funding

The new capital will be used to support Lilac’s ambitious growth plans

February 13, 2024

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Lilac Solutions, a lithium extraction technology provider, raised $145 million in Series C funding, bringing Lilac’s total capital raised to $315 million. The financing was led by Mercuria, Lowercarbon Capital, and Breakthrough Energy Ventures, with participation from all major shareholders, including T. Rowe Price Association, Inc., Engine Ventures, Aventurine, Presidio Ventures (a Sumitomo Corporation Group Company), and BMW i Ventures amongst others, along with Mitsubishi Corporation and The Nature Conservancy as new investors.

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