Lansdowne et al. in $120m round for TechMet

The round achieved a 50% oversubscription on its $80m target.

The company intends to launch a new round of funding later this year, with the goal of raising around $250m to further scale its core operations and expand its portfolio.

Company
Established in 2017, TechMet invests in projects across the supply chain of metals used in the production of electric vehicles and renewable energy systems.

Its assets include Li-Cycle Corp, a lithium-ion battery recycling company; Brazilian Nickel, a mining and extraction company producing nickel and cobalt suitable for EV batteries; US Vanadium, a company that develops vanadium products suitable for redox flow batteries; and Tinco, a specialist in tin and tungsten mines.

People
TechMet – Brian Menell (founder, chair, CEO).

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• Topics
• Expansion
• UK / Ireland
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