# Mangrove Lithium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mangrove-lithium

- Industry: Renewable Energy
- Headquarters: Delta, Canada
- Website: www.mangrovelithium.com
- Total disclosed funding: $10M
- Latest round: Series A (Nov 17, 2021)
- Investors on record: 2

## About

Co-Founded by Dr. Saad Dara (CEO), Dr. Alfred Lam, Dr. Arman Bonakdarpour, and Dr. David Wilkinson, in 2017 and based in British Columbia, Vancouver, Canada, Mangrove Water Technologies Ltd., trading under the name Mangrove Lithium, provides a modular platform for the production of lithium hydroxide for batteries. In January 2026, Mangrove Lithium raised a total of USD 85 million in venture funding from Canada Growth Fund, Breakthrough Energy Ventures, and BMW iVentures, alongside CAD 9 million in venture debt funding from National Bank of Canada.

Mangrove Water Technologies Ltd. helps the battery manufacturers in increasing their production while stabilizing its lithium hydroxide, as well as the lithium producers in providing a reduction in operating expense while eliminating their capital expenditures. The firm's technology platform also converts waste brines into chemicals and desalinated water.

The company plans to use the funding to commercialize and scale its lithium refining technology.

## Funding rounds

- Series A, Nov 17, 2021, $10M — BDC Capital, Breakthrough Energy Ventures

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A