General Motors, an American multinational automotive manufacturing company, led the $50m Series B round in EnergyX, an American technology company, with participation from Posco-backed Elohim Partners, a private equity firm, and IMM Investment, a venture capital firm. "The EnergyX team of scientists and engineers have worked relentlessly for five years developing cutting-edge DLE technology to solve the immense bottlenecks that have limited global lithium production and supply chain. This single bottleneck is the biggest challenge to scaling EV production. We will unlock lithium supply in the US, a pivotal move in expanding the EV industry. There are many ways of gauging success, but few are more rewarding than the support of leaders like GM. We're energized by GM's investment and will keep a 'Day 1' attitude as we pursue our goal of making EnergyX the biggest lithium company in the world," Teague Egan, EnergyX CEO.