ADIONICS, with its unique eco-friendly liquid-liquid direct lithium extraction (DLE) process, has again captivated investors, raising $27 million in its Series B funding round. Industry sources added that Adionics’ historical stakeholders took part in this operation, along with newcomer strategic investor SQM, a mining leader in lithium production from Brines.
This initiative is aided by returning investors, including Bpifrance, via the PSIM funds managed on behalf of the French state as part of the France 2030 program, Supernova Invest, Céleste Management, and Ovive, who are reaffirming their trust in Adionics.
Industry sources further added that Adionics has powered a successful deployment of pre-industrial size pilots with major actors of the Lithium world and checked, in real conditions, the validity of its process, as well as the purity of lithium salt directly extracted from brine (up to 99 % of Li purity & yield).
With the completion of its Series B financing, Adionics paves the way for a critical leap from an R&D-focused company to an industrialization-focused company. This shift is not just a new chapter in the business development, but also the embodiment of the company’s core mission.
The secured funding will fuel Adionics’ ambitious strategy, including:
- Commercial expansion – with a particular focus on the lithium triangle of Argentina, Chile, and Bolivia, as well as extending our reach to North America and Europe.
- R&D continuation – to ensure continuous improvement in product quality and environmental performance. This increased focus on innovation is designed to further reduce energy and freshwater consumption, underscoring the company’s commitment to sustainability.
- Workforce growth – Growing the team from 50 to 80 employees by 2024 to complement its R&D efforts in new applications and to go further. Adionics is embarking on a robust hiring plan to strengthen its business and project development capabilities to fulfill the requirements of the industrialization phase.
Industry sources further added that founded in 2012, Adionics has been developing a DLE process that boosts global lithium production. This technology not only surges the productivity of lithium mining but also triggers the associated value chain and allows a considerable reduction of the overall environmental footprint of Li-ion battery manufacturing and the recycling industry.
Gabriel Toffani, Adionics CEO stated “We are delighted to welcome SQM as a strategic investor in Adionics. This partnership marks a significant milestone in our development and is a testimonial to the quality of Adionics’ technology and the dedication of our team. With SQM’s investment, we are ready to execute the exciting phase of industrialization.”
Gabriel adds “Our three pre-industrial pilots are already making an impact and we look forward to scaling up to serve an even broader global customer base. Importantly, this partnership with SQM, the leader in lithium production from brines, enhances our capabilities while we maintain our independence in the marketplace. This autonomy is critical as we continue to partner with other mining companies and innovate in the lithium extraction industry to be the DLE leader.”
Carlos Diaz, SQM Executive-VP Lithium stated “Our partnership with Adionics is a strategic step in the development of our Salar Futuro” project. We look forward to working together with the Adionics team on further development and industrial testing of their breakthrough technology, which has already demonstrated outstanding results in lithium yield and purity.”
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