Li Industries, a lithium-ion battery recycling technology developer located in Pineville, North Carolina, has secured $36 million in Series B investment.
Investors
- Formosa Smart Energy Tech Corp.
- Anglo American Decarbonization Ventures
- Chevron Technology Ventures
- Bosch Ventures
- Khosla Ventures
- LG Tech Ventures
- Myriad Ventures
- Shell Ventures
Use of funds
With the money, the business plans to build a 10,000-ton recycling plant that will employ its patented Direct Electrode-to-Electrode (Direct E2ETM) recycling technology.
The establishment of a 500-ton battery recycling plant in Pineville, North Carolina, and a 1,000-ton battery sorting facility in Charlotte, North Carolina, were made possible by Series A funding, which is being leveraged for this expansion
About Li Industries
Li Industries is a climate tech firm that is creating cutting-edge lithium-ion battery recycling technology. Dr. Zheng Li is the company’s co-founder and CEO. The business has created scalable direct recycling methods for lithium-ion batteries used in consumer devices and electric cars. All lithium-ion battery types may be recycled using its proprietary direct recycling method, which also produces high-purity battery materials suitable for commercial use.
