Li Industries Raises $36M in Series B Funding to Scale Direct Recycling Technologies

Li Industries' Series B Funding

Key Highlights:

• Series B Funding: Raised $36 million in Series B funding.
• Investors: Co-led by Bosch Ventures, Khosla Ventures, and LG Tech Ventures, with participation from Formosa Smart Energy Tech Corp., Anglo American Decarbonization Ventures, Chevron Technology Ventures, Shell Ventures, and Myriad Ventures.
• Recycling Technologies: Developing scalable direct recycling technologies for lithium-ion batteries from electric vehicles and consumer electronics.
• Expansion Plans: Constructing a 10,000-ton recycling facility powered by proprietary Direct Electrode-to-Electrode (Direct E2ETM) recycling technology.

Li Industries' Target Market

• Target Market: Lithium-ion battery manufacturers, electric vehicle manufacturers, and consumer electronics companies.
• Sustainability-Focused Organizations: Companies and organizations committed to sustainable practices and reducing environmental impact.
• Recycling and Waste Management Companies: Partnerships with companies specializing in recycling and waste management to expand their battery recycling capabilities.

What Li Industries Needs to Buy

• Recycling Facility Construction: Construction services and equipment for building a 10,000-ton recycling facility.
• Research and Development: Collaborations with research institutions and technology partners to further develop and enhance their lithium-ion battery recycling technologies.
• Partnerships with Battery Manufacturers: Collaborations with lithium-ion battery manufacturers to establish a steady supply of batteries for recycling.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.