The Calgary-based startup also plans to raise at least $100 million in series B funding by the end of this year or early next year. (Adobe Stock Image.)
Capricorn Investment Group and BHP Group’s venture capital unit are backing a startup that says its processes make for cleaner and more efficient mining in lithium, the metal used in electric-vehicle batteries.
Summit Nanotech Corp. said in a statement that it closed on a $14 million investment round co-led by Capricorn’s Technology Impact Fund and Temasek’s Xora Innovation, along with BHP Ventures. Funds will be used to help commercialize Summit’s technology.
