On June 27, 2024, Li Industries, Inc. closed the transaction. The company has received $5,705,428 in its second and final tranche. The company has raised $42,000,0000 in he transaction.

The round also included participation from new investors, General Motors Ventures, LLC, DNX Ventures, LLC and Techenergy Lithium S.A.. The company has raised a total of $50,000,000 in funding till date.