On May 9, 2024, Li Industries, Inc. closed the transaction. The company has received $36,294,572 in the transaction. The transaction was co-led by new investors, LG Technology Ventures, Robert Bosch Venture Capital GmbH and returning investor, Khosla Ventures, LLC and also included participation from new investors, Anglo American plc, Chevron Technology Ventures L.L.C., Formosa Smart Energy Tech Corp., returning investors, Myriad Venture Partners, LLC and Shell Ventures.

The company has raised more than $50 million in funding till date. The transaction included participation from 7 investors pursuant to exemption provided under Regulation D.