Battery Resourcers (Series B)

Funding Details
Awarder
Inbox
Date Award
April 12, 2021
Vertical
Battery Manufacturing
Funding URL
View Funding Page
Funding Amount:
$20,000,000

Company Info
Company Description
Battery Resourcers offers a fundamentally new approach to lithium-ion battery manufacturing, starting with a mixed stream of used lithium-ion batteries and ending with the production of finished, battery-ready cathode active materials. With 97% metal recovery, Battery Resourcers can produce Nickel Manganese Cobalt (NMC)-based cathode active materials with 35% reduction in cost, 32% reduction in emissions, and 13% reduction in energy consumption compared to the production of virgin cathode.
Market
Lithium-ion Battery Recycling
Location
Worcester, MA, USA
Coinvestors
At One Ventures, Doral Energy-Tech Ventures, InMotion Ventures, Orbia Ventures, TDK Ventures, Trumpf Ventures

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