Li Industries Raises Series B Funding to Expand Next-Generation Battery Recycling Technology
PINEVILLE, N.C., May 9, 2024 /PRNewswire/ -- Li Industries announced today the successful raise of a $36M Series B funding round to scale up its next-generation lithium-ion battery recycling technologies.
- PINEVILLE, N.C., May 9, 2024 /PRNewswire/ -- Li Industries announced today the successful raise of a $36M Series B funding round to scale up its next-generation lithium-ion battery recycling technologies.
- Given investors' interest, Li Industries plans to expand the round to $42M, which would bring its total private funding to more than $50M.
- This new round of funding solidifies Li Industries' growth trajectory to meet its partners' growing needs for battery recycling services and battery materials.
- The capital raised will be used to construct a 10,000 ton recycling facility powered by Li Industries' proprietary Direct Electrode-to-Electrode (Direct E2ETM) recycling technology.