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Battery-Grade Lithium Producer Mangrove Raises $10 Million in Series A Funding

The fund will be used to build its commercial-scale plant to expand lithium refining capacity

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Battery-grade lithium hydroxide producer Mangrove Lithium has closed a $10 million Series A investment round led by Breakthrough Energy Ventures (BEV). The fund will be used to build its first operational, commercial-scale plant to expand lithium refining capacity. The round saw participation from existing investor BDC Capital’s Cleantech Practice (BDC).

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