Lithium de France Raises $40M Series B to Accelerate Energy Transition

Lithium de France has announced it has successfully secured $40,000,000 in investment capital from investors. This significant funding round will accelerate the independent French company's mission to drive the energy transition through its dual focus on sustainable heat provision and lithium production. Established in 2020 and based in Haguenau, Alsace du Nord, Lithium de France positions itself as a pioneer in a new, innovative, and environmentally protective French industrial sector. Its core vocation is to supply local, continuous, and accessible heat to a diverse range of clients, including businesses, agricultural entities, and local authorities, thereby contributing to industrial decarbonization and the re-industrialization of territories. Concurrently, the company is developing the domestic production of lithium, a critical component for electric vehicle batteries, to support future energy sovereignty. This capital injection underscores investor confidence in Lithium de France's innovative approach to addressing key energy and resource challenges. While specific details regarding the investors or the type of funding round were not disclosed, the newly raised funds are earmarked for advancing the company's ambitious growth initiatives. These include further developing its projects, expanding operational capabilities, and strengthening its position within France's evolving clean energy landscape. Lithium de France is poised to play a crucial role in establishing a vital domestic supply chain for both sustainable heat and essential battery materials. Its continued development is expected to significantly contribute to France's broader goals of energy independence, industrial decarbonization, and the transition towards a greener economy.