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recent venture investmentsTechCrunch
•77% Informative
EnergyX is developing a way to extract lithium for EV batteries from briny water locked underground.
Teague Egan’s company has raised over $80 million from retail investors.
Regulation A allows unaccredited investors to invest in private companies before they go public.
The company remains private, meaning investors can’t sell their shares on an exchange.
Egan hopes the first commercial-scale plants are up and running by 2027 .
The Regulation A offering will keep EnergyX running for at least two more years, Egan said.
The common stock offering removes some pressure to raise from VCs, who tend to require preferred stock in exchange for their investment.
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