What’s at stake: Cleantech company Geo40 is raising $10m to accelerate its plans to commercialise its sustainable lithium extraction technology.
The background: Raising capital has been raised as the biggest issue facing NZ’s nascent cleantech sector, which comprises more than 130 companies.
The players: Geo40, Kānoa, Vision Blue, Tembo Capital, cleantech sector.
Cleantech company Geo40 is raising about $10 million to speed up its sustainable lithium extraction technology being deployed at scale.
Cleantech is a subset of the much larger overall green economy and covers sustainably focused tech companies aiming to disrupt existing industries with novel