About Lithios
Lithios builds electrochemical systems that extract lithium from brine for lithium producers and resource owners. Its Advanced Lithium Extraction (ALE) technology uses lithium-selective battery electrodes to pull out lithium while leaving other elements behind. The system works across oilfield and geothermal brines, salar brines, and oil and gas produced water.
Lithios is based in Medford, Massachusetts, where it opened an 8,000-square-foot pilot and manufacturing facility in 2024. The company was founded in 2022 by chief executive officer Mo Alkhadra and chief scientist Martin Bazant. Lithios is already operating in the field with a lithium producer in the United States. In 2024 it raised $12 million in a seed round led by Clean Energy Ventures, with additional venture debt from Silicon Valley Bank.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Oct 19, 2026 | Nov 4, 2026 | $5,058,838of $10.0M target | 16 | $316K | OptionsRule 506(b) | Form D ↗ |
| Feb 20, 2026 | Mar 9, 2026 | $500,000fully sold | 1 | $500K | OptionsRule 506(b) | Form D ↗ |
| Apr 25, 2025 | May 9, 2025 | $12,054,869fully sold | 19 | $634K | EquityRule 506(b) | Form D ↗ |
| Oct 26, 2022 | Nov 10, 2022 | $1,100,000of $1.4M target | 2 | $550K | OptionsRule 506(b) | Form D ↗ |
| Total, four offerings | $18,713,707 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Rounds announced by Lithios
What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.
| Announced | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Oct 8, 2024 | Seed | $12 million ($10 million in equity plus $2 million in venture debt) | Clean Energy Ventures (lead), TechEnergy Ventures, GS Futures, Lowercarbon Capital, and the Massachusetts Clean Energy Center (MassCEC) took part in the equity round; Silicon Valley Bank provided the venture debt. | Press release ↗ |
Why Investors Backed Lithios
Lithios makes electrochemical systems that extract lithium from brine sources other methods cannot process economically. The company has raised at least $12 million from venture investors and has also won several federal awards. It has built a pilot and manufacturing facility in Medford, Massachusetts, and already has a lithium producer running its technology in the field. Investors in Lithios are betting that its approach can reach lithium supplies that conventional extraction leaves untouched.
The problem it targets
Lithios's case is that global lithium demand will surge this decade while existing extraction methods cannot keep up. Hard-rock mining and evaporation ponds reach only high-grade deposits, and newer direct lithium extraction methods still struggle with cost and impurities. Many lower-grade and contaminated brine resources, including large deposits in the United States, stay uneconomical to develop under these older methods.
What the product does
Lithios's Advanced Lithium Extraction system uses lithium-selective battery electrodes to pull lithium out of brine while leaving other elements behind. The process has 45% fewer steps than adsorption-based direct lithium extraction, uses 70% less reagent, and produces 95% less solid waste. The modular stack runs across oilfield and geothermal brines, continental salar brines, and oil and gas produced water with little customization between sites.
Progress so far
Lithios opened an 8,000-square-foot pilot and manufacturing facility in Medford in October 2024. By September 2025 it had completed more than 1,000 hours of continuous testing of its pilot lithium extraction system, and in December 2025 it began field operations of the technology. In April 2026 Lithios was selected to begin negotiations for an ARPA-E award to scale the technology. It had earlier received an ARPA-E SPARKS award and other federal and state grants.
Who backs it
Lithios's $12 million round in October 2024 was led by Clean Energy Ventures, whose co-founder and managing partner Daniel Goldman is a director of Lithios. TechEnergy Ventures, GS Futures, Lowercarbon Capital, and the Massachusetts Clean Energy Center also took part, and Lithios added $2 million in venture debt from Silicon Valley Bank.
How the market is moving
According to Emily Reichert, chief executive officer of the Massachusetts Clean Energy Center, global demand for lithium is surging, making technology like Lithios's essential to meeting clean energy targets. Lithios's October 2024 funding announcement pointed to industry projections of a possible lithium shortage starting as early as 2025. It cited forecasts that global EV and energy demand would require seven million tons of lithium carbonate a year by 2040, eight times today's supply.
We wrote this summary from public statements by Lithios and its investors. It is not investment advice.
Lithios in the News
Leadership Team
Executive officers and directors listed on Lithios's Form D filed Nov 4, 2026.
Sources
- SECLithios Inc. filing history
- CompanyTeam - Lithios
- CompanyNews - Lithios
- CompanyLithios Hosts Massachusetts Climatetech Leaders, Launches Pilot and Manufacturing Facility
- ResearchCX-031592: Lithios, Inc. -- Advanced Lithium Extraction for Domestic Supply Chains and Battery Circularity | Department of Energy