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SQM Lithium Ventures closes first venture investment in EV charging infrastructure company

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SQM Lithium Ventures, the corporate venture arm of SQM's lithium business, has announced its first venture investment of $3-million in the Series A round of Electric Era, a Seattle, US-based startup seeking to make electric vehicle (EV) fast charging ubiquitous and affordable. The company does this through its Power Node system, an artificial intelligence-driven, high-power storage system for EV fast charging stations.

SQM Lithium Ventures, the corporate venture arm of SQM's lithium business, has announced its first venture investment of $3-million in the Series A round of Electric Era, a Seattle, US-based startup seeking to make electric vehicle fast charging ubiquitous and affordable.

Power Node is said to be a compact, easy-to-install charger, roughly the size of a parking space, that can be installed at convenience stores or other commercial or public sites with demand for EV charging. SQM Lithium Ventures' investment in Electric Era places SQM among the largest investors in the round. Other investors in the round include HSBC and Proeza Ventures.

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