Li Industries Secures $36 Million Series B Funding for Battery Recycling
The company aims to extend the funding round to $42 million, bringing its total private funding to over $50 million
May 13, 2024
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Li Industries, a battery recycling company, secured $36 million in Series B funding to advance lithium-ion battery recycling solutions. Bosch Ventures, Khosla Ventures, and LG Tech Ventures have co-led the round, with new investments from Formosa Smart Energy Tech Corp., Anglo American Decarbonization Ventures, and Chevron Technology Ventures. These new investors are joining existing backers, Shell Ventures and Myriad Ventures.
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