Li Industries raised $36M in a Series B funding round co-led by Bosch Ventures, Khosla Ventures, and LG Tech Ventures to scale up its next-generation lithium-ion battery recycling technologies.
Li Industries raised $36M in a Series B funding round co-led by Bosch Ventures, Khosla Ventures, and LG Tech Ventures to scale up its next-generation lithium-ion battery recycling technologies.
05/09/24, 10:07 AM
Location
blacksburgMoney raised
$36 million
Industry
renewable energy
manufacturing
Round Type
series b
Investors
Myriad Ventures, Shell Ventures, Chevron Technology Ventures, Anglo American Decarbonization Ventures, Formosa Smart Energy Tech Corp., Lg Tech Ventures, Khosla Ventures, Bosch Ventures
Li Industries has successfully raised a $36M Series B funding round to scale up its next-generation lithium-ion battery recycling technologies. The round was co-led by Bosch Ventures, Khosla Ventures, and LG Tech Ventures, with Formosa Smart Energy Tech Corp., Anglo American Decarbonization Ventures, and Chevron Technology Ventures coming in as new investors. This new funding will support the construction of a 10,000 ton recycling facility powered by Li Industries' proprietary Direct Electrode-to-Electrode (Direct E2ETM) recycling technology.
Company Info
Location
blacksburg, virginia, united states
Additional Info
Li Industries is an innovative and fast-growing climate tech company developing next-generation lithium-ion battery recycling technologies. Founded in 2017 and headquartered in Pineville, NC, Li Industries has developed scalable direct recycling technologies for lithium-ion batteries from electric vehicles and consumer electronics. Li Industries' unique and patented direct recycling process can recycle all types of lithium-ion batteries and generate high purity commercial-grade battery materials faster, cheaper, and cleaner, enabling effective and sustainable recycling.