Lowercarbon Capital backs electric vehicle-focused Lilac Solutions

Investors include Chris Sacca's Lowercarbon Capital and funds and accounts advised by T. Rowe Price Associates, among others.

Oakland-based Lilac Solutions, a lithium extraction technology company, has raised a $150 million Series B financing led by Lowercarbon Capital and funds and accounts advised by T. Rowe Price Associates. Additional new investors include Mercuria Energy Trading and Valor Equity Partners. Existing investors Breakthrough Energy Ventures and The Engine also participated in the round.

Source: Press release