Green Li-ion, a Singapore-based lithium-ion battery recycling know-how firm, raised USD$20M in Pre-Sequence B funding.
The spherical was led by TRIREC, Banpu NEXT and Equinor Ventures. Different traders within the spherical embody EDP, Envisioning Companions, ER-V, SOSV, TES, LINICO, EF, DPI Vitality Ventures, the Decarbonisation Consortium, ISDonseo, MBEP, and GS.
The corporate intends to make use of the funds to scale its manufacturing to ship 50 of its modular items per 12 months.
Led by CEO Leon Farrant, Inexperienced Li-ion The corporate has developed novel know-how that processes 100% of all used lithium batteries. It recycles all metals to immediately re-manufacture battery-grade cathode materials prepared for re-use in new batteries. Inexperienced Li-ion’s know-how set up will probably be among the many first within the US to supply battery-grade precursor cathode lively materials (pCAM), graphite, and lithium carbonate from spent lithium-ion batteries.
The corporate has raised a complete of roughly USD$36 million so far.
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