Pure Lithium Secures Series A Financing with Ivanhoe Capital and Others

Pure Lithium, a Boston-based lithium metal battery technology company, announced the participation of Ivanhoe Capital in their Series A financing round. The funding includes follow-on investments from existing backers such as SailingStone Capital Partners and WS Investment Company. This financial injection aims to accelerate Pure Lithium's market entry.

Robert Friedland of Ivanhoe Capital highlighted Pure Lithium's potential to transform the energy sector with its innovative battery technology and more efficient lithium extraction methods. The company's technology effectively reduces the environmental impact by delivering high-performance lithium batteries crafted without scarce resources like nickel and graphite.

Emilie Bodoin, CEO of Pure Lithium, expressed excitement over the continued support from existing investors and the validation this represents for the company's advances in lithium battery technology. The collective backing from new and continuing investors underscores a robust support network fostering the company's growth and technological advancements.