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- Lithium de france
Lithium de france Funding, Investors & Competitors
Lithium de france has raised $133M across 3 funding rounds, most recently a $39M undisclosed-stage round in May 2026.
Last Lithium de france funding round
$39M
Undisclosed stage · May 2026
Cumulative funding Lithium de france raised
$133M
across 3 funding rounds
Key investors in Lithium de france
Equinor Ventures
Arverne Group
About Lithium de france
Lithium de France is a Paris-based developer of geothermal energy and lithium extraction projects as a subsidiary of Arverne Group. The company advances the Sainte-Marguerite geothermal lithium pilot in the Upper Rhine Graben, combining heat production with direct lithium extraction from brine. This initiative targets 5,000 tonnes of battery-grade lithium carbonate annually by 2027 while supplying renewable heat to local districts.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Product sales
Lithium de france Funding History
Lithium de france has raised a total of $133M across 3 funding rounds.
Lithium de france's first fundraising round was a $48M Series B in March 2023. The most recent completed round was a $39M undisclosed-stage round in May 2026.
Lithium de france funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2026 | Undisclosed stage | Arverne Group (lead); Equinor Ventures (lead) | $39M | Arverne Group and Equinor Ventures completed a new financing step for Lithium de France on 26 May 2026 in the form of a convertible note for up to EUR 33 million, with each investor participating pro rata; the principal and accrued interest convert into Lithium de France shares if a qualifying EUR 50 million financing is completed. The financing supports the subsidiary’s pre-industrial phase, including drilling activities, the DLE demonstration plant, and FEED work for the definitive feasibility study. This transaction follows earlier financing rounds, including a EUR 40 million Series B2 capital increase in September 2025 subscribed by Arverne Group and Equinor Ventures, after which Arverne held 64.58% of Lithium de France, Equinor Ventures 24.40%, Hydro Energy Invest AS 9.25%, and management 1.86%. Lithium de France is described as a French pioneer in low-carbon geothermal heat and lithium and a subsidiary of Arverne Group. Lithium de France was established in October 2020 and is headquartered in Bischwiller, Alsace. It operates in geothermal heat and lithium development, with its stated focus on advancing a pre-industrial project pipeline and validating its technical and feasibility milestones. |
| Sep 2025 | Series B | Arverne Group; Equinor Ventures | $47M | Lithium de France, a subsidiary of Arverne Group, focuses on extracting lithium from geothermal brines using Direct Lithium Extraction (DLE) technology to support France's energy transition and domestic production of critical metals for electric vehicles and battery storage. Arverne Group, the leading French provider of geothermal solutions, completed a €40 million Series B2 funding round for Lithium de France on September 22, 2025, subscribed by Arverne Group and Equinor Ventures. Post-transaction, Arverne held 64.58% of the capital, Equinor Ventures 24.40%, with remaining shares held by Hydro Energy Invest AS (9.25%) and management (1.86%). The funding supports Lithium de France's entry into the pre-industrial phase, including first drilling operations, construction of a DLE demo plant, and Front-End Engineering Design (FEED) as part of the Definitive Feasibility Study (DFS). Equinor Ventures' involvement leverages its expertise in subsurface operations and project execution, reinforcing a strategic partnership to mature the lithium supply chain with DLE technology. Arverne's CEO Pierre Brossollet highlighted the financing as a key step for regional prosperity and energy sovereignty. Subsequent developments included Arverne signing a contribution agreement with Hydro Energy Invest AS in H1 2025 to increase its stake, aiming for 73.8% ownership by October 2025, with Equinor at 24.4% and management at 1.8%. Arverne invested €2.6 million in R&D for Lithium de France and €4.1 million in exclusive prospecting licenses during H1 2025, alongside preparations for drilling capacities totaling €5.7 million. The project aligns with growing lithium demand, as noted in Benchmark Mineral Intelligence's Q2 2025 forecast, amid France's push for local critical mineral production. |
| Mar 2023 | Series B | Equinor Ventures | $48M | Lithium de France is a French start-up founded in 2020 that develops technology to extract lithium and heat from geothermal brines located in the Alsace region. The company pioneered direct lithium extraction (DLE) methods to produce low-carbon lithium for electric vehicle batteries while simultaneously generating heat for commercial and residential use. In March 2023, Lithium de France completed a Series B financing round that secured €44 million (approximately $47.04 million USD) to advance its geothermal lithium projects. The capital increase was subscribed by existing shareholders Arverne Group and Equinor Ventures, with Hydro Energi Invest AS joining as a new investor. Following the Series B, Arverne Group held approximately 60% of the company, Equinor Ventures held a significant stake, and Hydro and other shareholders made up the remainder. At the time of the Series B, the company was advancing from early development toward pilot and pre-commercial phases, with plans to develop multiple geothermal sites in Alsace to extract lithium from hot brines several kilometers deep in geological formations. The project was positioned as a response to European demand for sustainable, locally-sourced battery materials to support the continent's energy transition and electric vehicle growth. |
Who has invested in Lithium de france?
2 investors have backed Lithium de france across its funding rounds, including Equinor Ventures and Arverne Group.
Lead investors include Arverne Group and Equinor Ventures.
Lithium de france Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialLithium de france Competitors
Lithium de france competitors include listed companies like Iberdrola, China Yangtze Power, Constellation Energy and Cenovus Energy, and private ones like Adani New Industries and Helion Energy.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $51B | $17B | $158B | 4.3x | ||
| Publicly listed | $13B | $11B | $104B | 11.3x | ||
| Publicly listed | $26B | $5B | $93B | 3.8x | ||
| Publicly listed | $38B | $7.3B | $61B | 1.6x | ||
| Private | - | - | $50B | - | ||
| Private | - | - | $16B | - |
Lithium de france Public Comps
Lithium de france is still privately-owned, but its public comps include Aramco, ExxonMobil, Chevron, PetroChina, Shell, GE Vernova, TotalEnergies, NextEra Energy, ConocoPhillips and Iberdrola.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $446B | $213B | 3.9x | 3.7x | 8.2x | 7.1x | |||
| $324B | $68B | 2.2x | 1.8x | 10.5x | 8.0x | |||
| $184B | $41B | 2.4x | 2.0x | 10.8x | 7.2x | |||
| $427B | $70B | 0.8x | 0.7x | 4.7x | 4.4x | |||
| $267B | $55B | 1.2x | 1.0x | 5.8x | 4.5x | |||
| $38B | $3.2B | 6.2x | 5.4x | 73.5x | 43.5x | |||
| $182B | $38B | 1.3x | 1.2x | 6.3x | 5.0x | |||
| $27B | $16B | 10.5x | 9.6x | 17.9x | 16.2x | |||
This data is available for Pro users. Sign up to see all Lithium de france competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Lithium de france
| When was Lithium de france founded? | Lithium de france was founded in 2020. |
| Where is Lithium de france headquartered? | Lithium de france is headquartered in Bischwiller, France. |
| Is Lithium de france publicly listed? | No, Lithium de france is a private, VC-backed company. |
| How much funding has Lithium de france raised? | Lithium de france has raised $133M across 3 funding rounds. |
| What was Lithium de france's last funding round? | Lithium de france's last funding round was a $39M undisclosed-stage round in May 2026, led by Arverne Group and Equinor Ventures. |
| Who are Lithium de france's investors? | Lithium de france's investors include Equinor Ventures and Arverne Group. |
| Which companies are comparable to Lithium de france? | Companies comparable to Lithium de france include Iberdrola, China Yangtze Power, Constellation Energy, Cenovus Energy, Adani New Industries and Helion Energy. |
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