When was ElectraLith founded?

ElectraLith was founded in 2021 and raised its 1st funding round 4 years after it was founded.

Where is ElectraLith located?

ElectraLith is headquartered in Melbourne, Australia.

How many employees does ElectraLith have?

As of Jul 17, 2025, the latest employee count at ElectraLith is 11 - 50.

Is ElectraLith a funded company?

ElectraLith is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Jan 15, 2025.

When was the latest funding round of ElectraLith?

ElectraLith's latest funding was a $***** Series A round on Jan 15, 2025, with participation from 14 investors. Its primary sector is Mining Tech. In Australia, the Mining Tech sector has seen $57.5M in funding in 2026 to date.

Where does ElectraLith rank among its competitors?

ElectraLith ranks 5th amongst 22 active competitors, of which 9 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was International Battery Metals, which secured $2.8M in Apr, 2026.

Who are the top competitors of ElectraLith?

ElectraLith's top competitors include Summit Nanotech, Mangrove Lithium and Energy Exploration Technologies. Among them, International Battery Metals secured the most recent funding round in April, 2026.

ElectraLith - 2026 Company Profile, Team, Funding & Competitors

ElectraLith is a series A company based in Melbourne (Australia), founded in 2021. It operates as a Developer of direct lithium extraction and refining technology using renewable energy. ElectraLith has raised $17M in funding from Main Sequence. The company has 22 active competitors, including 9 funded and 4 that have exited. Its top competitors include companies like Summit Nanotech, Mangrove Lithium and Energy Exploration Technologies.

Company Details

Developer of direct lithium extraction and refining technology using renewable energy. The company provides a technology that extracts and refines battery-grade lithium hydroxide. This single-step, scalable, and modular process requires no water or chemicals and is powered by renewable energy.

Key Metrics

Founded Year

2021

Location

Melbourne, Australia

Stage

Series A

Total Funding

$17M in 1 round

Latest Funding Round

Series A, Jan 15, 2025, $*****

Investors

Main Sequence & 13 more

Ranked

5^th among 22 active competitors

Employee Count

11 - 50 as on Jul 17, 2025

Similar Companies

Summit Nanotech & 18 more

View ElectraLith's full profile

ElectraLith has raised a total funding of $17M over 1 round. Its latest funding round was a Series A round on Jan 15, 2025 for $*****. 14 investors participated in its latest round. ElectraLith has 14 institutional investors.

Here is the list of recent funding rounds of ElectraLith:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 15, 2025	2927265	Series A	1422812	2630863	5545288	4534735

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View details of ElectraLith's funding rounds and investors

ElectraLith's employee count trend

ElectraLith has 11 - 50 employees as of Jul 25. Here is ElectraLith's employee count trend over the years:

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Top competitors of ElectraLith include Summit Nanotech, Mangrove Lithium and Energy Exploration Technologies. Here is the list of Top 10 competitors of ElectraLith, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Summit Nanotech 2018, Calgary (Canada), Series B	Developer of a process for extracting lithium	$95.7M	BDC, Evok Innovations & 14 others	63/100
2nd	Mangrove Lithium 2013, Delta (Canada), Series B	Developer of modular scalable lithium refining technology for battery‑grade production	$46.5M	BMW i Ventures, Breakthrough Energy & 10 others	62/100
3rd	Energy Exploration Technologies 2018, Fort Lauderdale (United States), Series B	Developer of direct lithium extraction technology and battery innovation solutions	$135M	GM Ventures, General Motors & 7 others	58/100
4th	Lilac Solutions 2016, San Francisco (United States), Series C	Provider of lithium extraction solutions	$318M	Tribeca ESP, T. Rowe Price & 21 others	58/100
5th	ElectraLith 2021, Melbourne (Australia), Series A	Developer of direct lithium extraction and refining technology using renewable energy	$17M	In-Q-Tel, Investible & 12 others	51/100
6th	LithiumBank 2021, Vancouver (Canada), Public	Developer of direct brine lithium projects focused on resource commercialization	-	NGen, ERA	49/100
7th	International Battery Metals 2010, Vancouver (Canada), Public	Developer of modular direct lithium extraction technology for commercial lithium production	-	Encompass Capital Advisors, EV Metals Group ... & 1 others	48/100
8th	Volt Lithium 1997, Calgary (Canada), Early Stage	Provider of Lithium-ion development solutions	$487K	State of North Dakota	46/100
9th	ILiAd Technologies 2021, Carlsbad (United States), Seed	Provider of technology solutions for lithium extraction processes	-	SLB, Livent	44/100
10th	E3 Lithium 2016, Calgary (Canada), Funding Raised	Developer of lithium extraction processes and lithium hydroxide production	-	Canadian Space Agency, Alberta Innovates	43/100