# Mangrove Lithium funding: rounds and investors > Mangrove Lithium has raised $101M across 2 rounds since 2026. Investors include Export Development Canada, Breakthrough Energy and National Bank of Canada. Source: https://millionrounds.com/company/mangrove-lithium (Millionrounds; every figure on the page links to its filing or article) Canada · [Funded startup](https://millionrounds.com/companies) # Who invested in *Mangrove Lithium* 2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Energy Raised 7 months ago Funding summary Updated 26 Oct 2026 **$101M** raised across 2 rounds since 2026, from 2 sources **$85M** Debt **$16M** Grant - **Latest round:** Grant, $16M Apr 2026 - **Biggest round:** $85M Debt · Jan 2026 - **Investors:** 4 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2026 2027 **$85M** Debt **$16M** Grant - **First round:** Debt, $85M - **Biggest round:** $85M - **Between rounds:** 3 months [**Mangrove Lithium** Battery 1 / 8 Their pitch deck **Mangrove Lithium's pitch deck, 8 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/mangrove-lithium) ## The rounds - **Apr 2026** Grant **$16M** *1 new* *3 returning* [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [Government of Canada](https://millionrounds.com/fund/government-of-canada) [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) Source recorded - **Jan 2026** Debt **$85M** *3 new* [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) Source recorded ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Debt** 2026 **Grant** 2026 [Export Development Canada](https://millionrounds.com/fund/export-development-canada) [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) [Government of Canada](https://millionrounds.com/fund/government-of-canada) ## Everyone who backed them [Export Development Canada](https://millionrounds.com/fund/export-development-canada) Government **2** rounds [Breakthrough Energy](https://millionrounds.com/fund/breakthrough-energy) VC firm **2** rounds [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) Private equity **2** rounds [Government of Canada](https://millionrounds.com/fund/government-of-canada) Government **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mangrove-lithium). ## Also claim to have backed them This firm lists Mangrove Lithium as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [BMW i Ventures](https://millionrounds.com/fund/bmw-i-ventures) Corporate VC Per its own site ## Quick answers about Mangrove Lithium ### Who invested in Mangrove Lithium? Mangrove Lithium's investors include Export Development Canada, Breakthrough Energy, National Bank of Canada and Government of Canada. ### How much has Mangrove Lithium raised? Mangrove Lithium has raised $101M across 2 rounds since 2026. ### When did Mangrove Lithium last raise? Mangrove Lithium's most recent round was a Grant of $16M in Apr 2026. ### What was Mangrove Lithium's biggest round? Mangrove Lithium's largest round on record is $85M (Debt), in Jan 2026. ### Who backed Mangrove Lithium first? Mangrove Lithium's first round on record, in Jan 2026, was backed by Export Development Canada, Breakthrough Energy and National Bank of Canada. ### What stage is Mangrove Lithium at? Mangrove Lithium's latest named round is a Grant, in Apr 2026. ### Where is Mangrove Lithium based? Mangrove Lithium is based in Canada. ## Companies like Mangrove Lithium In the same sector, and raised in the last eighteen months. [**Kanin Energy** $100M · Sept 2026](https://millionrounds.com/company/kanin-energy)[**Summit Nanotech** $3.0M · Sept 2026](https://millionrounds.com/company/summit-nanotech)[**General Fusion** $241M · Jul 2026](https://millionrounds.com/company/general-fusion)[**NORAM Electrolysis Systems Inc** $4.0M · Jun 2026](https://millionrounds.com/company/noram-electrolysis-systems-inc)[**Full Circle Lithium** $3.5M · Jun 2026](https://millionrounds.com/company/full-circle-lithium)[**Foremost Clean Energy** $35K · Jun 2026](https://millionrounds.com/company/foremost-clean-energy) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app