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§ Private Profile · Fort Lauderdale, FL, USA
Lithium extraction technology developer creating DLE technology to recover up to 300% more lithium from brines for clean energy batteries.
EnergyX is a US-based technology company that develops direct lithium extraction systems to increase the recovery rate of lithium from brines for the clean energy and battery sectors. The organization utilizes its patented LiTAS platform to extract up to 300% more lithium than traditional evaporation methods, operating major initiatives like Project Black Giant in Chile and Project Lonestar in the Smackover region. The company has raised over $135 million in total funding, which includes a $50 million Series B round led by General Motors and capital from more than 35,000 individual equity crowdfunding investors. The firm has secured over 120 patents for its extraction technologies and maintains strategic partnerships with corporate entities including Eni and POSCO, alongside a $5 million grant from the U.S. Department of Energy. EnergyX was founded in 2018 by Teague Egan.
EnergyX has raised $617.0M across 7 funding rounds.
EnergyX has raised $617.0M in total across 7 funding rounds.
EnergyX has raised $617.0M in total across 7 funding rounds.
EnergyX's investors include GM Ventures, Shinhan Financial Group, Michael Ho, Brice Scheschuk, Armco Group of Companies, Impact Investment Partners, Verstra Ventures.
EnergyX has raised $617.0M across 7 funding rounds. Most recently, it raised $75.0M Other Equity in October 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 4, 2024 | $75M Venture Round | — | — | Announced |
| Apr 11, 2023 | $50M Series B | GM Ventures | — | Announced |
| Jan 31, 2023 | $20.3M Series B | Shinhan Financial Group | — | Announced |
| Oct 20, 2022 | $450M Venture Round | — | — | Announced |
| May 11, 2021 | $20M Series A | — | — | Announced |
| Jan 30, 2019 | $380K Seed | Michael HO | — | Announced |
| Sep 6, 2018 | $1.3M Venture Round | Brice Scheschuk | Armco Group OF Companies, Impact Investment Partners, Verstra Ventures | Announced |