# ElectraLith

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/electralith-pty

- Industry: Renewable Energy
- Headquarters: Melbourne, Australia
- Website: www.electralith.com
- Total disclosed funding: $20M
- Latest round: Series A (Jan 15, 2025)
- Investors on record: 10

## About

Founded in 2021 and based in Victoria, Australia, ElectraLith Pty Ltd operates as a renewable energy platform that develops lithium extraction and refining solutions. In January 2025, ElectraLith Pty Ltd raised AUD 27.5 million in a Series A funding round led by Main Sequence Ventures, Monash Investment Holdings, Rio Tinto Group, and IP Group. As of 2024, the company is led by its CEO, Charlie McGill.

ElectraLith specializes in advanced lithium extraction and refining technologies, with its Direct Lithium Extraction and Refining (DLE-R) method, which facilitates the extraction and production of battery-grade lithium hydroxide in a singular, scalable, and modular operation that utilizes no water or chemicals, instead operating solely on renewable energy sources. The company’s DLE-R technology eliminates the need for water and chemicals, enabling lithium extraction with minimal environmental impact.

The company plans to utilize the funding raised in January 2025 to produce low-cost lithium.

## Funding rounds

- Series A, Jan 15, 2025, $17M — Chevron Technology Ventures, Hostplus, Longview Innovation, Rio Tinto Group, In-Q-Tel, Main Sequence Ventures, VistaEnergy, Breakthrough Victoria, Monash Investment Holdings, Fathom Fund Management
- Seed, Jun 2, 2022, $2.6M — Longview Innovation, Rio Tinto Group, Monash Investment Holdings

## Investors

- Longview Innovation (https://capitalatlas.ai/funds/longview-innovation) — Seed, Series A
- Rio Tinto Group — Seed, Series A
- Monash Investment Holdings — Seed, Series A
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series A
- Hostplus — Series A
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series A
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Series A
- VistaEnergy — Series A
- Breakthrough Victoria — Series A
- Fathom Fund Management (https://capitalatlas.ai/funds/fathom-fund-management) — Series A