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§ Private Profile · Sydney, Australia
Novalith Technologies is a technology company.
Novalith is redefining lithium extraction, producing low-cost and low-impact lithium chemicals to strengthen global supply chains and accelerate the electrification revolution.
Novalith Technologies has raised $17.5M across 2 funding rounds.
Novalith Technologies has raised $17.5M in total across 2 funding rounds.
Novalith Technologies has raised $17.5M across 2 funding rounds. Most recently, it raised $15.0M Series A in April 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2023 | $15M Series A | Lowercarbon Capital | 8090 Industries, Comal Ventures, Energy Impact Partners, Felicis Ventures, GE Ventures, Giant Ventures, Infinite Niches, Intel Capital, LAM Research Capital, Greg Papadopoulos, Union Square Ventures, Village Global, David Mytton, Mark Cuban, Matt Brezina, Scott Belsky, Susan Danziger, IAN Learmonth, Grantham Environmental Trust, Investible, Anil Achyuta | Announced |
| Oct 25, 2021 | $2.5M Seed | IAN Learmonth | Grantham Environmental Trust | Announced |
Novalith Technologies is a climate technology company founded in 2020 in Sydney, Australia, that develops sustainable methods for extracting and producing battery-grade lithium chemicals using carbon dioxide (CO2) to simplify processes and reduce environmental impact.[1][2][3] It addresses critical supply chain challenges in the lithium market by enabling low-cost, low-impact production near demand centers, particularly in regions with strict regulations like the US, supporting electrification and clean energy transitions.[2][4] The company serves battery manufacturers and the broader electric vehicle (EV) ecosystem, solving problems of unsustainable mining, high costs, and carbon-intensive extraction through innovations like LiCAL™ technology, with demonstrated growth via a AU$23 million Series A funding round in 2023 and investments from firms like TDK Ventures.[3][4]
Novalith Technologies was established in 2020 in Sydney, New South Wales, Australia, by Steven Vassiloudis (CEO & Founder) and Christiaan Jordaan (Co-founder and Chief Business Development Officer), leveraging their expertise in advanced process and chemical engineering, process scale-up, and clean-tech innovation.[1][3][4] The idea emerged from the need to rethink lithium production amid surging demand for batteries in the clean energy shift, focusing on using CO2 to create cleaner, more efficient extraction from ores—evidenced by patents filed for lithium extraction apparatus and methods as recently as February 2025.[3] Early traction included participation in cleantech events like APAC Cleantech 25 in 2024 and securing significant Series A funding in April 2023, marking pivotal moments that validated their technology and accelerated development.[3]
Novalith stands out in the lithium supply chain through several key advantages:
Novalith rides the explosive growth of the EV and renewable energy markets, where lithium demand is projected to multiply amid global electrification—yet traditional supply struggles with environmental damage, geopolitical risks, and shortages.[2][4] Its timing is ideal post-2020, coinciding with heightened focus on supply chain resilience (e.g., US sovereignty goals) and net-zero commitments, amplified by market forces like rising battery costs and regulatory pressures on mining.[2] By pioneering "cleaner lithium" processes, Novalith influences the ecosystem by de-risking upstream production, enabling faster scaling of gigafactories, and supporting investors in cleantech transitions, as seen in TDK Ventures' emphasis on its transformative potential.[4][5]
Novalith is poised for expansion with recent patents signaling commercial readiness, likely targeting pilot plants and partnerships with battery giants to ramp up production amid peaking lithium needs.[3] Trends like AI-driven energy demands, stricter ESG regulations, and direct lithium extraction (DLE) adoption will propel it, potentially evolving from innovator to key supplier in sovereign supply chains.[2][4] As electrification accelerates, Novalith's low-impact tech could redefine sustainable lithium, strengthening global chains from its Australian base and powering the electric revolution it set out to enable.[1][2]
Novalith Technologies has raised $17.5M in total across 2 funding rounds.
Novalith Technologies's investors include Lowercarbon Capital, 8090 Industries, Comal Ventures, Energy Impact Partners, Felicis Ventures, GE Ventures, Giant Ventures, Infinite Niches, Intel Capital, Lam Research Capital, Greg Papadopoulos, Union Square Ventures.