
XtraLit
Develops technology for direct lithium extraction from aqueous source.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
* | $30.0m | Series B | |
Total Funding | 000k |
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XtraLit, founded in 2022 by a team of seasoned scientists and experts, specializes in the development of patented, eco-friendly technology for direct lithium extraction from aqueous sources. This innovative approach addresses the growing global demand for lithium, a critical component in the transition to renewable energy. The company operates in the lithium extraction market, primarily serving industries involved in energy storage and electric vehicles. XtraLit generates revenue through the commercialization of its proprietary extraction technology, offering a cost-effective and environmentally sustainable solution to lithium producers. The business model focuses on licensing agreements and partnerships with major players in the lithium supply chain. XtraLit's leadership includes Dr. Dmitry and CEO Simon Litsyn, who bring extensive experience in electronic and industrial systems, contributing to the company's strategic direction and technological advancements. The company is actively seeking collaboration and investment opportunities to expand its impact in the global lithium market. Keywords: lithium extraction, eco-friendly, patented technology, renewable energy, energy storage, electric vehicles, aqueous sources, commercialization, licensing, partnerships.