1:19:51 AM PDT - Thursday, March 30th, 2023

Rawr? Green Li-ion recharges with $20.5M to scale its recycling tech  

By Editor - Fri Mar 17, 12:37 pm

Green Li-ion says its battery recycling machines are the “size of a small house,” so it’s no wonder the Singapore-based startup needed to top up on funds. It’d only raised about $15 million ahead of its latest cash infusion. This week, Green Li-ion announced a $20.5 million “ pre-Series B ” round led by climate-tech investor TRIREC. The startup said other investors, including SOSV and Equinor Ventures (the VC arm of the Norway-owned fossil fuel giant), also chipped in. The deal boosts Green Li-ion’s post-money valuation to $187 million after just three years, chief executive Leon Farrant told TechCrunch. The startup’s logo is (you guessed it!) a green lion. The new cash will help the startup scale production of its recycling tech, which the firm says can process “100% of all used lithium batteries” and pop out precursor cathode active material that’ll eventually go into fresh lithium-ion batteries

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Rawr? Green Li-ion recharges with $20.5M to scale its recycling tech

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