Li-Cycle is a leading global lithium-ion battery resource recovery company, with the slogan "A leading global lithium-ion battery resource recovery company." Established in 2016, the company's mission is to recover critical battery-grade materials to create a domestic closed-loop battery supply chain for a clean energy future. Li-Cycle leverages its innovative, sustainable, and patent-protected Spoke & Hub Technologies™ to recycle all different types of lithium-ion batteries.
At its Spokes, or pre-processing facilities, the company recycles battery manufacturing scrap and end-of-life batteries to produce black mass, a powder-like substance containing valuable metals such as lithium, nickel, and cobalt. In the future, at its Hubs, or post-processing facilities, Li-Cycle plans to process black mass to produce critical battery-grade materials, including lithium carbonate, for the lithium-ion battery supply chain.
With major customers and partners around the world, Li-Cycle has made significant strides in the Renewable Energy industry. The company is headquartered in Canada.
Notably, Li-Cycle received a $101.19M Post-IPO Debt investment from Glencore on 12 March 2024. This latest investment underscores the confidence of a key industry player in Li-Cycle's mission and technology for sustainable battery resource recovery.
For further information, visit https://li-cycle.com/.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Post-IPO Debt - Li | $101.19M | 1 | Glencore | 12 Mar 2024 |
Grant - Li | Unknown | 1 | BloombergNEF | 17 Apr 2023 |
Post-IPO Debt - Li | $375.00M | 1 | US Department of Energy | 27 Feb 2023 |
Post-IPO Debt - Li | $200.00M | 1 | Glencore | 05 May 2022 |
Post-IPO Equity - Li | $50.00M | 2 | LG Chem | 15 Dec 2021 |
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