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