Funding and M&A Roundup: EnergyX Receives $50 Million to Boost Lithium Supply
Myenergi Receives $34 Million to Develop Smart Home Energy Products
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General Motors (GM) said its venture capital arm GM Ventures, would lead a $50 million Series B financing round for EnergyX, a Texas-based startup developing a more efficient method to extract and process lithium from salt flats. EnergyX plans to use the new funding to construct five larger demonstration plants in North America and South America. General Motors will also help develop, refine, and deploy EnergyX’s technology.
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Arjun Pradeep
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