Summit Nanotech Secures US$50M for Lithium Extraction Technology to Support the Energy Transition to
January 18, 2023
Summit Nanotech Corporation (“Summit”), a company sustainably solving lithium supply chain challenges, today announced the closing of a US$50 million Series A2. The Series A2 round was led by Evok Innovations and BDC Capital’s Climate Tech Fund alongside participation from previous investors including Xora Innovation and Capricorn Investment Group.
“Summit’s ground-breaking technology addresses the growing global need for lithium with a rapidly scalable, low-cost, and environmentally friendly approach which can unlock value in a wide variety of high-volume brines. Evok is excited to bring our history as company builders across the hard-tech lifecycle to bear as we partner with Summit in scaling its solution internationally,” said Naynika Chaubey, Partner, Evok Innovations.