Funding and M&A Roundup: Lithium Extraction Firm Lilac Solutions Secures $145 Million

HDFC Bank raises $300 million via bond issue to fund green loans

February 14, 2024

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Lilac Solutions, a lithium extraction technology provider, raised $145 million in Series C funding, bringing Lilac’s total capital raised to $315 million. The financing was led by Mercuria, Lowercarbon Capital, and Breakthrough Energy Ventures. The funding will be used to support Lilac’s growth plans as the company ramps up the manufacturing capacity of its propriety ion-exchange material and commercial deployment at projects around the world.

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