# Novalith Technologies

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

- Industry: Chemicals
- Headquarters: Australia
- Website: www.novalith.com.au
- Total disclosed funding: $18M
- Latest round: Series A (Dec 16, 2022)
- Investors on record: 6

## About

Based in New South Wales, Australia, and founded in 2020, Novalith Technologies Pty Ltd., dba Novalith, is a company that provides a scalable platform for extracting lithium. Steven Vassiloudis (CEO), Andrew Harris (CTO), and Christiaan Jordaan (CBDO) In October 2021, Novalith Technologies Pty Ltd. raised USD 2.5 million in seed funding from CEFC and the Grantham Foundation. The company provides lithium from lithium-bearing ores using CO2 to produce low-carbon, environmentally friendly lithium. The firm uses LiCAL® technology, which uses CO2 from industrial sources to directly extract and convert the lithium into battery-grade lithium carbonate. Novalith focuses on reducing greenhouse gas emissions and adopting renewable energy to achieve a sustainable future.

Based in New South Wales, Australia, and founded in 2020, Novalith Technologies Pty Ltd., dba Novalith, is a company that provides a scalable platform for extracting lithium. Steven Vassiloudis (CEO), Andrew Harris (CTO), and Christiaan Jordaan (CBDO) In December 2022, Novalith Technologies Pty Ltd. raised AUD 23 million in series A funding led by new investor Lowercarbon Capital, with participation from other new investors Investible and TDK Ventures. Returning investors CEFC, The Grantham Foundation and other unspecified investors also participated in the round.

The company provides lithium from lithium-bearing ores using CO2 to produce low-carbon, environmentally friendly lithium. The firm uses LiCAL® technology, which uses CO2 from industrial sources to directly extract and convert the lithium into battery-grade lithium carbonate. Novalith focuses on reducing greenhouse gas emissions and adopting renewable energy to achieve a sustainable future.

The company will use the funding in 2022 to accelerate the development of its novel, low-carbon sustainable approach to lithium production.

## Funding rounds

- Series A, Dec 16, 2022, $15M — Grantham Foundation, Investible, CEFC, TDK Ventures, Lowercarbon Capital, Neglected Climate Opportunities
- Seed, Aug 22, 2022, $1M — CEFC, Neglected Climate Opportunities
- Seed, Aug 25, 2021, $1.1M — Grantham Foundation, CEFC, Neglected Climate Opportunities

## Investors

- Grantham Foundation — Seed, Series A
- CEFC — Seed, Series A
- Neglected Climate Opportunities (https://capitalatlas.ai/funds/neglected-climate-opportunities) — Seed, Series A
- Investible (https://capitalatlas.ai/funds/investible) — Series A
- TDK Ventures (https://capitalatlas.ai/funds/tdk-ventures) — Series A
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Series A