Novalith Technologies
Team size: 11 - 50
Sector: Manufacturing and materials
About Novalith Technologies
Founders: Andrew Harris, Christiaan Jordaan, Steven Vassiloudis
Founded date: 2020
Connect: novalith.com.au
Company revenue: US$ 10 - 50 million
Investors: Clean Energy Finance Corporation, Investible, Lowercarbon Capital, Neglected Climate Opportunities, TDK Ventures
Company stage: Series A
Novalith Technologies is a climate technology company that uses carbon dioxide to simplify lithium chemicals production. Novalith's LiCALTM lithium extraction technology uses significantly less equipment, chemical reagents, water and energy than conventional processing, which reduces capital and production costs. The direct use and sequestration of CO2 in producing lithium chemicals also produces a much smaller emissions footprint than existing and alternative processes.