News Summary

• Electroflow recently raised a $10 million seed round, TechCrunch has exclusively learned.
• The startup’s key technology is a cell that contains anodes that absorb lithium ions from brines and then, in another, release them into water containing carbonates.
• LFP powered from China sells for around $4,000 per metric ton today, about one-third what it costs in the United States.
• McShane said that once Electroflow is at full-scale production, he expects the company will be able to produce it for at least 40% less than the Chinese producers.