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Li-ion battery recycling and manufacturing startup Battery Resourcers completes $20M Series B

Li-ion battery recycling and manufacturing startup Battery Resourcers completes $20M Series B
Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, recently completed a $20-million Series B equity round with financing led by Orbia Ventures, the venture capital arm of the multinational Orbia, and participation from other investors including At One Ventures, TDK Ventures, TRUMPF Venture, Doral Energy-Tech Ventures andJaguar Land Rover’s InMotion Ventures.
The financing will support the development of a commercial-scale processing facility with the annual capacity to process 10,000 tons of batteries the batteries from approximately 20,000 electric vehicles (EVs) a year.
Battery Resourcers offers a 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 Res ....

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Lithium-Ion Battery Recycling and Manufacturing Startup Raises $20 Million From Global Industry Leaders

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WORCESTER, Mass., April 12, 2021 /PRNewswire/ Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, recently completed a $20 million Series B equity round with financing led by Orbia Ventures, the venture capital arm of the multinational Orbia, and participation from other investors including At One Ventures, TDK Ventures, TRUMPF Venture, Doral Energy-Tech Ventures andJaguar Land Rover sInMotion Ventures.
Battery Resourcers CEO Mike O’Kronley at the company s Novi, Mich. facility on April 9, 2021. On April 12, 2021, Battery Resourcers announced completion of a $20 million Series B equity round with financing led by Orbia Ventures and participation from international investors including At One Ventures, TDK Ventures, TRUMPF Venture, Doral Energy-Tech Ventures and Jaguar Land Rover’s InMotion Ventures. ....

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