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BOSTON --(BUSINESS WIRE)-- 07.11.2024 --
Pure Lithium Corporation, a disruptive Boston-based vertically-integrated lithium metal battery technology company, is pleased to announce that it will conduct a roadshow in New York the week of November 18, 2024 to promote its $75M to $100M Q1 2025 Series B fundraise. The funds will support the scale-up of the Company's technology towards commercial lithium metal battery production and a potential Initial Public Offering of the Company.
Lithium metal is the "holy grail" of energy storage, a step change beyond today's lithium-ion battery. It does not require graphite, nickel, cobalt and manganese, eliminating dependence on China and enabling local battery hubs in favorable jurisdictions for the first time ever.
Since opening its Boston lab in January of 2021, Pure Lithium has made impressive strides towards commercializing the lithium metal battery. This year, the Company raised $20M in its Series A.5 with Oxy Low Carbon Ventures as the lead investor. Major progress has been made on a number of fronts towards commercial battery production. This includes:
It is our conviction that Pure Lithium will be the first, and perhaps only, company to commercialize next-generation lithium metal battery energy storage, delivering lower-cost, safer, longer duration and greener batteries to displace 40-year-old lithium-ion technology. Moreover, this will be done using North American-sourced lithium and vanadium, North American production facilities and will eliminate dependence on China completely.
Should you wish on this roadshow to meet Pure Lithium Founder, Chairman and CEO Emilie Bodoin; Co-Founder, Director, Chief Scientific Officer and MIT Emeritus Professor Donald R. Sadoway; and Company Director, former Assistant Attorney General of the United States and former Governor of Massachusetts Bill Weld; along with other key members of our management team, please reach out to Emily Merkel at emerkel@purelithium.io to secure a meeting opportunity.
To learn more about how Pure Lithium is revolutionizing battery production, go to: https://www.purelithium.io/
View source version on businesswire.com: https://www.businesswire.com/news/home/20241107513266/en/
Ross Larsen, Head of Editorial, 33 Communications
purelithium@thirtythreecomms.com