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Bill Gates invested in Mangrove Lithium for burgeoning EV market

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Mangrove Lithium’s pilot plant in Vancouver, Canada.

Photo courtesy: Saad Dara, CEO Mangrove Lithium

Bill Gates’ investment fund Breakthrough Energy Ventures recently invested $10 million in a seven-person start-up with no revenue and no customers, Mangrove Lithium.

It’s a niche investment, but could have critical implications for the rapidly growing electric vehicle market, as its founders aim to improve a very specific part of the lithium supply chain: Turning raw lithium into material for batteries.

Lithium is used in batteries for electric vehicles because it is the lightest metal and has the highest charge-to-weight ratio, which matters when you are building a battery for…



Source cnbc.com

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