About Energy Exploration Technologies
Energy Exploration Technologies is a company based in Fort Lauderdale (United States) founded in 2018 by Teague Egan.. Energy Exploration Technologies has raised $135 million across 4 funding rounds from investors including POSCO, General Motors and Elohim Partners. Energy Exploration Technologies offers products and services including Direct Lithium Extraction Technologies, Lithium Refinery, and SOLIS™ Battery.
- Headquarter Fort Lauderdale, United States
- Founders Teague Egan
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Sectors
TechnologyNatural Resources
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Energy Exploration Technologies, Inc.
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Annual Revenue
$210.25 K1375as on Dec 31, 2023
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Net Profit
$-14.94 M-42as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$135 M (USD)
in 4 rounds
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Latest Funding Round
$50 M (USD), Series B
Oct 17, 2023
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Investors
POSCO
& 4 more
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Employee Count
Employee Count
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Products & Services of Energy Exploration Technologies
Energy Exploration Technologies offers a comprehensive portfolio of products and services, including Direct Lithium Extraction Technologies, Lithium Refinery, and SOLIS™ Battery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Efficient methods for recovering lithium from brine sources
Processes brine into saleable lithium products for supply chains
Develops high-density batteries for electric mobility applications
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Funding Insights of Energy Exploration Technologies
Energy Exploration Technologies has successfully raised a total of $135M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $50.0M
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First Round
First Round
(03 May 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series B - Energy Exploration Technologies | Valuation | General Motors , POSCO | |
| Apr, 2023 | Amount | Series B - Energy Exploration Technologies | Valuation | GM Ventures | |
| Dec, 2022 | Amount | Series A - Energy Exploration Technologies | Valuation | GM Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Energy Exploration Technologies
Energy Exploration Technologies has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include POSCO, General Motors and Elohim Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth stage companies are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Venture capital funding is provided by General Motors-backed firm.
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Founded Year | Domain | Location | |
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Global automotive company
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Energy Exploration Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Energy Exploration Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Energy Exploration Technologies Comparisons
Competitors of Energy Exploration Technologies
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Energy Exploration Technologies
Frequently Asked Questions about Energy Exploration Technologies
When was Energy Exploration Technologies founded?
Energy Exploration Technologies was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Energy Exploration Technologies located?
Energy Exploration Technologies is headquartered in Fort Lauderdale, United States. It is registered at Fort Lauderdale, Florida, United States.
Who is the current CEO of Energy Exploration Technologies?
Teague Egan is the current CEO of Energy Exploration Technologies. They have also founded this company.
Is Energy Exploration Technologies a funded company?
Energy Exploration Technologies is a funded company, having raised a total of $135M across 4 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on May 03, 2021.
What is the annual revenue of Energy Exploration Technologies?
Annual revenue of Energy Exploration Technologies is $210.25K as on Dec 31, 2023.
What does Energy Exploration Technologies do?
Energy Exploration Technologies was founded in 2018 in Fort Lauderdale, United States. Operations focus on the energy sector through nanotechnology for lithium refining. Mixed matrix membranes, comprising nanoparticles, polymers, and metal-organic frameworks, are utilized to enable rapid ion transport and selectivity in aqueous mixtures. Lithium extraction processes are optimized via selective ion filtering to support efficient production.
What products or services does Energy Exploration Technologies offer?
Energy Exploration Technologies offers Direct Lithium Extraction Technologies, Lithium Refinery, and SOLIS™ Battery.
Who are Energy Exploration Technologies's investors?
Energy Exploration Technologies has 5 investors. Key investors include POSCO, General Motors, Elohim Partners, IMM Korea, and GM Ventures.