Lilac Solutions secures investment from BMI i Ventures

BMW i Ventures has made an investment in Lilac Solutions, which is focused on sustainable extraction, efficiency and costs. No financial terms were disclosed.

PRESS RELEASE

BMW Group invests in innovative method for efficient and sustainable lithium extraction
New process from Lilac Solutions focuses on sustainable extraction, efficiency and costs
The BMW Group is stepping up its expansion of electromobility and will be releasing about ten million fully-electric vehicles onto the roads over the next ten years or so. By 2030, at least half the BMW Group’s global sales are expected to come from fully-electric vehicles. This will also increase the need for lithium, an important raw material for production of battery cells.

To promote environmentally-friendly, resource-efficient extraction of lithium, the BMW Group is investing, through its venture capital fund, BMW i Ventures, in an innovative process developed by US startup Lilac Solutions. Lilac Solutions has developed and patented an ion exchange technology that will significantly improve efficiency, costs and sustainability by extracting lithium from brine resources, which are natural deposits of salt water.

“Innovative technologies provide better, more sustainable and more efficient access to raw materials. By investing in startups, we are speeding up development of new technologies, stimulating competition and providing impetus that will make it easier for young companies to access the market,” said Wolfgang Obermaier, Senior Vice President Indirect Goods and Services, Raw Materials, Production Partners at the BMW Group. “By investing in Lilac Solutions, we are supporting technological progress in the field of lithium extraction, with a focus on responsible and sustainable methods.”

Lilac Solutions has developed a new ion exchange technology to make mining lithium from brine resources more efficient and cost-effective. The company seeks to significantly reduce environmental impact compared to conventional methods, while, at the same time, protecting local communities and ecosystems. The technology has already been proven in initial field pilots and must now demonstrate that it can be scaled and industrialised in the mid-term. The process could then be used with brines worldwide, even if they have a low lithium content.

BMW Group provides battery cell manufacturers with responsibly extracted lithium
The BMW Group has made sustainability and resource efficiency central to the company’s strategic direction. A key aspect here is compliance with environmental and social standards in the supply chain. Eliminating infringements of human rights and environmental standards presents a particular challenge in the case of critical raw materials – as is the case with lithium. For this raw material, BMW Group Purchasing has implemented therefore additional measures and is sourcing lithium directly from the mines and making it available to battery cell suppliers. In this way, the company creates complete transparency about the origin and mining methods of the material.