Lilac Solutions
Lilac Solutions is a Critical Minerals & Mining Tech company founded in 2016 and based in Oakland, USA. It has raised $318M in total funding, most recently a Series C in 2024.
Founded in 2016 by David Snydacker and based in Oakland, California, Lilac Solutions is commercializing an ion-exchange direct lithium extraction (DLE) technology that recovers lithium from brine for lithium-ion batteries. Its ion-exchange beads can be deployed across a wide variety of brine chemistries with high recoveries and low costs, avoiding the land and time demands of conventional evaporation ponds. Lilac has raised roughly $318M to date, anchored by a $145M Series C in February 2024 led by Mercuria and Lowercarbon Capital, with participation from Breakthrough Energy Ventures, T. Rowe Price, BMW i Ventures and Mitsubishi Corporation.
Direct lithium extraction could unlock vast brine resources faster and with a smaller footprint than evaporation ponds, easing the battery-grade lithium supply crunch.
lilacsolutions.com ↗·Critical Minerals & Mining Tech·USA·private 
