Battery Resourcers Secures $70 Million in New Funding
WORCESTER, Mass., Sept. 21, 2021 /PRNewswire/ -- Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, today announced the closing of its latest mid-round funding totalling $70 million. The company will use this latest funding round to advance and expand the industry's most sustainable, cutting-edge closed loop material production technology that accepts mixed input of scrap batteries and end of life batteries to produce cathode material. In response to increased demand for sustainable battery production, Battery Resourcers will also expand commercial plants that will be operational in the U.S. and in Europe by the end of 2022.