Recycling

Investments

Investments

Recycling

Technology start-ups and incumbents are racing to make recycling electric-vehicle batteries cleaner and more economical, with investors pouring billions of dollars into recycling facilities globally

Company

Investments Planned (in $Millions)

Remarks

Electra closes private placements for gross proceeds of $21.5 million to advance its black mass recycling strategy and capabilities, and construction of its battery grade cobalt sulfate refinery in Canada

Nth Cycle closes $44 million in Series B and non-dilutive financing to scale Clean Critical Metal Refining Technology led by VoLo Earth Ventures, MassMutual, MM Catalyst Fund I, Caterpillar Venture Capital Inc.

Mecaware secures $4.3 million to become the leader in battery recycling and production of strategic metals in France and Europe

Princeton NuEnergy secures $16 million in series A funding to advance Direct Recycling Technology. Princeton NuEnergy receives $4.375 million from DOE grant to drive advancements in cathode active materials manufacturing

CNGR Advanced Material Co, is joining forces with African private investment fund Al Mada to build an industrial base in Morocco to develop precursor active materials for NCM batteries, production units for LFP cathodes and recycling facilities for battery materials CNGR and CRONIMET join forces to close the loop in battery recycling

Source: Li-Cycle Investor Presentation November 2023

Extracted from the PDF; charts and images may read imperfectly.