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Lithion Technologies

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Developed an efficient and cost-effective process for recycling lithium-ion batteries, the most widely used batteries for electrical vehicles and portable electronics today

Montreal, CanadaFounded 2018Transportation
Valuation $500M–1B Last recorded · 2022
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Lithion Technologies and the history behind them.

About Lithion Technologies

Lithion Recycling is a green-tech startup that specializes in the sustainable production of strategic materials from lithium-ion batteries. The company operates in the rapidly growing market of electric vehicles and portable electronics, both of which heavily rely on these batteries. As the world shifts towards electrification to combat climate change, the number of lithium-ion batteries in circulation is skyrocketing, creating a new environmental challenge at the end of their lifecycle.

Lithion Recycling addresses this issue by closing the battery lifecycle loop. Their innovative technology allows for the recovery of up to 95% of the battery components, including nickel, cobalt, lithium, and graphite, which can then be reused to manufacture new batteries. This not only reduces the pressure on natural resources but also significantly decreases the ecological debt of lithium-ion batteries and electric vehicles.

The company's business model is centered around providing a sustainable, affordable, and local solution for recycling lithium-ion batteries. They aim to deploy their technology in every major city worldwide, creating a circular economy for battery materials. This approach not only serves the needs of electric vehicle manufacturers and electronics producers but also contributes to the broader societal goal of a sustainable energy transition.

In terms of revenue generation, Lithion Recycling makes money by selling the recovered materials back to battery manufacturers, thus providing a secondary source of these strategic materials.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Montreal, Canada
Employees
22
Open positions
None listed
Dealroom signal
27.1/100
Industry
Energy, Transportation
Sub-industry
Energy Storage, Vehicle Production
Sector
Transportation, Sustainable Development Goals, EV Battery Recycling, EV Battery, Climate Tech, Electric Mobility, Circular Economy, Hard Tech
Business model
Manufacturing
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AOther financing Sep 2022 — — GM Ventures ↗
SERIES AOther financing Jan 2022 $92M $367M Fondaction · IMM Investment —
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

Lithion Technologies website traffic

Latest recorded traffic for Lithion Technologies is 2K monthly website visits, down 47.4% over the last three months. Lithion Technologies's team declined 43.6% over the past year.

Latest monthly visits2K 3-month web change-47.4% 1-year team growth-43.6%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Sustainable Development Technology Canada

Series A3 investors entered at this stage

  • IMM Investment
  • Fondaction
  • GM Ventures
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇨🇦 Canada95.7%
🇺🇸 United States4.3%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Lithion Technologies on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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