ADIONICS, A Cleantech Company Secures $27M In Series B Funding With SQM As A New Strategic Investor
Portfolio Pulse from Benzinga Newsdesk
ADIONICS, a cleantech company specializing in eco-friendly lithium extraction, has raised $27 million in Series B funding. The round saw participation from historical stakeholders and new strategic investor SQM, a leader in lithium production. The funding is also backed by Bpifrance, Supernova Invest, Céleste Management, and Ovive, with the French state's support via the France 2030 program.
November 29, 2023 | 7:29 am
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SQM, a leader in lithium production, has become a strategic investor in ADIONICS by participating in its $27 million Series B funding round.
SQM's investment in ADIONICS is a strategic move that aligns with its core business of lithium production. This investment could signal SQM's commitment to sustainable practices and innovation in lithium extraction, potentially improving its market position and investor perception in the short term.
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