SQMi invests in vehicle conversion technology

April 26, 2024

SQM Lithium Ventures will invest up to US$2 million in Movener, a Chilean startup founded in 2016 that has developed a conversion technology to transform combustion-engine trucks into hybrid-electrics.

The funding will help Movener with upcoming commercial endeavours and to further develop its hybrid technology. The company has already formed partnerships with large companies and has begun trial projects and initial implementation phases with other important players in the industry, it said.

Moving forward, Movener seeks to improve the effectiveness of its technology, aiming for a 25% decrease in fuel consumption, an enhancement from the current 20% savings obtained with their systems.

The investment will help drive the technology that will enable SQM to meet its environmental goals, which include reducing the use of groundwater by 40% by 2030 and decreasing brine extraction in the Atacama salt flat by 50% by 2030.

July 15, 2025

SQMi Lithium Ventures Invests in E-Transport

SQM Lithium Ventures has announced an investment in Vok Bikes, an Estonia-based startup developing next-generation electric cargo bikes.

May 22, 2025

SQMi invests to improve electrical vehicle efficiency

SQM Lithium Ventures has invested AU$3.6M (US$2.2M) in Kite Magnetics to advance Aeroperm®, a revolutionary nanocrystalline magnetic material designed to enhance the efficiency of electric motors and generators.

June 25, 2024

SQMi invest in long-haul electric truck development

SQM Lithium Ventures invests US$3 million in Terraline, the developer of a zero-emission, long-haul battery-electric truck.

March 19, 2024

SQMi venture arm invests in water technology

SQM Lithium Ventures invest $1.27 million in Salinity Solutions to fund the next stage of the company’s growth.