Li Industries’ core innovation is the proprietary Direct Electrode-to-Electrode (Direct E2E) recycling technology. It separates and purifies electrode components (anode and cathode) from spent batteries, particularly Lithium Iron Phosphate (LFP), maintaining material integrity for immediate reuse. The automated process reduces production costs by approximately 23%, generates minimal waste, and requires less energy, creating a closed-loop system.
In 2024, Li Industries received a $55 million grant from the U.S. Department of Energy to establish a 10,000-tonne annual capacity LFP cathode active material recycling and manufacturing facility. The company also partnered with General Motors to implement its recycling technology at a commercial scale.
In a Series B round, the company raised $42M from GM Ventures, Bosch Ventures, Khosla Ventures, LG Tech Ventures, and Shell Ventures. Additional investors include Anglo American Decarbonization Ventures, Chevron Technology Ventures, DNX Ventures, and Tech Energy Ventures.
