About Mangrove Lithium
Mangrove Lithium is a company based in Vancouver (Canada) founded in 2013 by David P Wilkinson, Saad Dara, Alfred Lam, and Arman Bonakdarpour.. Mangrove Lithium has raised $46.5 million across 6 funding rounds from investors including Mitsubishi Corporation, BDC and Asahi Kasei. The company has 13 employees as of December 31, 2024. Mangrove Lithium offers products and services including Clear-Li Technology. Mangrove Lithium operates in a competitive market with competitors including NanoOne, Summit Nanotech, Minto, Brookfield Residential and Honka, among others.
- Headquarter Vancouver, Canada
- Employees 13 as on 31 Dec, 2024
- Founders David P Wilkinson, Saad Dara, Alfred Lam, Arman Bonakdarpour
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Sectors
Energy & UtilitiesReal Estate & Construction Natural Resources Environment
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$46.5 M (USD)
in 6 rounds
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Latest Funding Round
$85 M (USD), Debt – Conventional
Jan 16, 2026
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Investors
Mitsubishi Corporation
& 10 more
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Employee Count
13
as on Dec 31, 2024
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Products & Services of Mangrove Lithium
Mangrove Lithium offers a comprehensive portfolio of products and services, including Clear-Li Technology. 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.
Electrochemical process to convert raw lithium into battery-grade materials
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Funding Insights of Mangrove Lithium
Mangrove Lithium has successfully raised a total of $46.5M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $85 million completed in January 2026. 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 6
- Last Round Debt – Conventional — $85.0M
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First Round
First Round
(09 Feb 2021)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2026 | Amount | Debt – Conventional - Mangrove Lithium | Valuation |
investors |
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| Nov, 2025 | Amount | Series B - Mangrove Lithium | Valuation |
investors |
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| Jan, 2025 | Amount | Series B - Mangrove Lithium | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Mangrove Lithium
Mangrove Lithium has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Mitsubishi Corporation, BDC and Asahi Kasei. 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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InBC Investment Corp. is focused on impact-driven investments in British Columbia.
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Founded Year | Domain | Location | |
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Climate solutions are advanced via venture capital and startup acceleration.
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Founded Year | Domain | Location | |
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BMW i Ventures is focused on investing in automotive technology startups.
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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 Mangrove Lithium
| 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 - Mangrove Lithium
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Mangrove Lithium Comparisons
Competitors of Mangrove Lithium
Mangrove Lithium operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NanoOne, Summit Nanotech, Minto, Brookfield Residential and Honka, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Nanotech-based cathode materials for lithium batteries are developed.
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Sustainable lithium extraction is enabled by a proprietary process.
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| domain | founded_year | HQ Location |
Property and home development services are provided by Minto.
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| domain | founded_year | HQ Location |
Residential real estate properties are developed across various communities.
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| domain | founded_year | HQ Location |
Residential organic houses are developed by Honka in Finland.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Mangrove Lithium
Frequently Asked Questions about Mangrove Lithium
When was Mangrove Lithium founded?
Mangrove Lithium was founded in 2013 and raised its 1st funding round 8 years after it was founded.
Where is Mangrove Lithium located?
Mangrove Lithium is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Mangrove Lithium?
Saad Dara is the current CEO of Mangrove Lithium. They have also founded this company.
Is Mangrove Lithium a funded company?
Mangrove Lithium is a funded company, having raised a total of $46.5M across 6 funding rounds to date. The company's 1st funding round was a Series B of $35M, raised on Feb 09, 2021.
How many employees does Mangrove Lithium have?
As of Dec 31, 2024, the latest employee count at Mangrove Lithium is 13.
What does Mangrove Lithium do?
Developer of modular scalable lithium refining technology for batterygrade production. The company offers an electrochemical refining platform that converts lithium chloride or sulfate from diverse feedstocks including brines, hard rock, clay, and recycled sources into highpurity lithium hydroxide or carbonate. The modular design enables colocation with extraction or battery manufacturing facilities and scalable capacity adjustments. The process reduces waste, minimizes chemical requirements, and lowers carbon emissions compared to conventional methods. It is intended to support lithium supply resilience and flexible integration across the battery value chain.
Who are the top competitors of Mangrove Lithium?
Mangrove Lithium's top competitors include Summit Nanotech, NanoOne and Brookfield Residential.
What products or services does Mangrove Lithium offer?
Mangrove Lithium offers Clear-Li Technology.
Who are Mangrove Lithium's investors?
Mangrove Lithium has 11 investors. Key investors include Mitsubishi Corporation, BDC, Asahi Kasei, Export Development Canada, and InBC Investment Corp..