# Adionics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/adionics

- Industry: Power & Utilities
- Headquarters: France
- Website: www.adionics.com
- Total disclosed funding: $36M
- Latest round: Series B (Nov 29, 2023)
- Investors on record: 5

## About

Based in France, Adionics specializes in innovative ionic solutions for lithium extraction, serving the electric vehicle industry with a focus on sustainable practices and efficient resource utilization.Adionics, founded in 2012 in France, develops advanced technologies for lithium extraction. The company operates globally without any known subsidiaries. The CEO is Gabriel Toffani, and the company has raised a total amount of USD 27.00 mn, all from its recent Series B funding round concluded on November 29, 2023, with participation from investors including Bpifrance and SQM S.A.Adionics specializes in advanced liquid-liquid lithium extraction technology, providing unique solutions for the mining sector that optimize lithium production while promoting environmentally sustainable practices. Their core offering, the patented LLE Process, enables the extraction of lithium chloride with exceptional purity from various brine sources, including salt flats and recycled batteries. Adionics primarily serves the electric vehicle sector, which constitutes 70% of its production, and operates across North America, Europe, and South America, responding to the rising demand for lithium in energy storage solutions.In 2023, Adionics reported a revenue of USD 2,281,781.20, with an EBITDA of USD -130,484. The company generates revenue through contracts with electric vehicle and battery manufacturing sectors, supplying high-purity lithium chloride and customized solutions to clients, structured around long-term partnerships.Following the Series B funding round in November 2023, Adionics plans to allocate the USD 27.00 mn raised towards expanding its workforce, enhancing its market reach, and furthering research and development initiatives. The company is focused on launching new products designed to enhance its lithium extraction capabilities and aims to penetrate emerging markets in Asia by the end of 2024.

## Funding rounds

- Series B, Nov 29, 2023, $27M — Bpifrance, SQM S.A., Supernova Invest, Ovive, Celeste Management
- Seed, Apr 20, 2021, $8.8M — Bpifrance, Supernova Invest, Celeste Management

## Investors

- Bpifrance — Seed, Series B
- Supernova Invest (https://capitalatlas.ai/funds/supernova-invest) — Seed, Series B
- Celeste Management — Seed, Series B
- SQM S.A. — Series B
- Ovive — Series B