{"id":8826,"date":"2023-03-17T18:20:33","date_gmt":"2023-03-17T18:20:33","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/03\/17\/rawr-green-li-ion-recharges-with-20-5m-to-scale-its-recycling-tech\/"},"modified":"2023-03-17T18:20:33","modified_gmt":"2023-03-17T18:20:33","slug":"rawr-green-li-ion-recharges-with-20-5m-to-scale-its-recycling-tech","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/03\/17\/rawr-green-li-ion-recharges-with-20-5m-to-scale-its-recycling-tech\/","title":{"rendered":"Rawr? Green Li-ion recharges with $20.5M to scale its recycling tech"},"content":{"rendered":"


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Green Li-ion<\/a> says its battery recycling machines are the \u201csize of a small house,\u201d so it\u2019s no wonder the Singapore-based startup needed to top up on funds. It\u2019d only raised about $15 million ahead of its latest cash infusion.<\/p>\n

This week, Green Li-ion announced a $20.5 million \u201cpre-Series B<\/a>\u201d 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.<\/p>\n

The deal boosts Green Li-ion\u2019s post-money valuation to $187 million after just three years, chief executive Leon Farrant told TechCrunch. The startup\u2019s logo is (you guessed it!) a green lion.<\/p>\n

The new cash will help the startup scale production of its recycling tech, which the firm says can process \u201c100% of all used lithium batteries\u201d and pop out precursor cathode active material that\u2019ll eventually go into fresh lithium-ion<\/a> batteries.<\/p>\n

Lithium is in high demand and mining the metal wreaks havoc on the environment<\/a>, making recycling tech a crucial tool in lowering the footprint of things like electric cars and storage for renewable energy.<\/p>\n

\"A<\/p>\n

Image Credits:<\/strong> Green Li-ion<\/p>\n<\/div>\n

Green Li-ion doesn\u2019t recycle batteries itself; it licenses its tech to battery makers and recyclers, including Aleon and TES (which is owned by SK, the South Korea-based fossil fuel giant). Green Li-ion aims to crank out 50 recycling units per year via two factories \u2014 one in Houston, Texas and another in Singapore.<\/p>\n

As for that \u201cpre-Series B,\u201d Farrant said the startup has split its Series B into two parts, which encompasses the raise announced this week and another in about nine months. \u201cDue to our relatively low levels of fund raising to date,\u201d the founder added, the startup \u201cneeded to draw a line in the sand and establish a valuation increase for the larger portion of the raise.\u201d<\/p>\n<\/p><\/div>\n


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Green Li-ion says its battery recycling machines are the \u201csize of a small house,\u201d so it\u2019s no wonder the Singapore-based startup needed to top up on funds. It\u2019d only raised about $15 million ahead of its latest cash infusion. This week, Green Li-ion announced a $20.5 million \u201cpre-Series B\u201d round led by climate-tech investor TRIREC. […]<\/p>\n","protected":false},"author":1,"featured_media":8827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-8826","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/8826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=8826"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/8826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/8827"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=8826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=8826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=8826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}