Li Industries operates in lithium‑ion battery recycling, recovering materials from end‑of‑life batteries and production waste. The company is scaling operations and plans to expand its existing 10,000‑ton recycling facility. It aims to further advance its recycling technologies to improve cost‑effectiveness and environmental outcomes. The business emphasizes transforming battery waste into valuable resources for downstream reuse. Financially, the company has raised a $42 million Series B and its total funding has surpassed $50 million. Li Industries is pursuing synergistic partnerships with strategic investors in the automotive and energy sectors to support growth and technology development. Li Industries develops scalable direct recycling technologies for lithium-ion batteries used in electric vehicles and consumer electronics. Founded in 2017 and based in Blacksburg, VA, the company is led by CEO and co-founder Dr. Zheng Li, the primary inventor of the recycling process. Its core technology includes automated battery sorting by chemistry type and a novel direct recycling process that recovers battery electrode materials suitable for direct re-use by battery manufacturers. The recycled electrode material can be supplied directly back to battery manufacturers at lower cost than virgin materials or recycled materials obtained through existing recycling approaches. The company intends to use recent funding to expand operations and continue to expand its development efforts. Li Industries recently raised capital in a Series A to support those plans.

Total raised

$13M

Funding rounds

2

Latest round

Series B

Latest activity

Jul 2024