Mangrove Lithium
PrivateLast Round
Grant
Mar 3, 2026
Total Funding Raised
$97.48M
Momentum
Top 10%
of companies Caplight tracks
Company Overview
Mangrove Lithium is a cleantech company that has developed a patented electrochemical technology to refine lithium from diverse sources into battery-grade lithium hydroxide and carbonate.
Sector
Energy & Sustainability
Verticals
Clean Manufacturing, Energy Storage, Advanced Materials, Electric Vehicles
Business Model
B2B
Customer Profile
Services & Consulting, Government Contracts, Hardware Sales
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Mangrove Lithium Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Mangrove Lithium Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Grant | Mar 3, 2026 | ||||
| VC Round | Jan 15, 2026 | ||||
| Follow-on Offering | Nov 20, 2025 | ||||
| Strategic | Jan 28, 2025 | ||||
| Grant | Apr 16, 2024 | ||||
Series A Extension | May 17, 2022 |
Key People
Founding team and executive leadership
Mangrove Lithium Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Orion Industrial Ventures | Strategic |
| Sustainable Development Technology Canada | Grant |
| InBC Investment Corp. | Strategic |
| National Bank of Canada | VC Round |
| BDC Capital | Series A, Strategic, VC Round |
| Breakthrough Energy Ventures | Series A Extension, VC Round, Strategic, Series A |
| Innovation, Science and Economic Development Canada | Grant |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 20, 2026
Plans for a large North American refining facility driven by customer demand.
- Apr 16, 2026
New Delta, British Columbia facility launched for battery innovation.
Mangrove Lithium Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Mangrove Lithium's valuation, stock price, and market status.