Li Industries specializes in lithium-ion battery recycling technologies, focusing on creating sustainable and efficient solutions for the battery materials supply chain. Founded in 2017, the company develops innovative processes to recycle and manufacture battery materials, particularly for electric vehicle and energy storage applications. Their advanced Direct Electrode-to-Electrode (Direct E2E) technology enables the separation and purification of battery components, allowing for immediate reuse in new battery production while maintaining performance equivalent to batteries made from virgin materials.
Battery Technology
Li Industries’ primary innovation is their Direct E2E recycling technology, which transforms spent batteries into high-quality materials suitable for immediate reuse. This proprietary method separates batteries into their electrode components (anode and cathode) while maintaining material integrity. The process achieves superior efficiency compared to traditional recycling methods, resulting in materials that meet or exceed industry standards.
The company’s technology specifically excels in recycling Lithium Iron Phosphate (LFP) batteries, which present unique challenges for conventional recycling processes. Their method reduces production costs by approximately 23% compared to traditional manufacturing approaches. The technology operates through an automated system that minimizes manual intervention, increasing efficiency and reducing operational expenses.
Li Industries’ recycling process generates minimal waste and requires less energy than conventional methods. This approach creates a closed-loop system where materials maintain their value through multiple life cycles, supporting sustainable manufacturing practices while reducing dependence on new raw materials.
Recent Projects
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. This project aims to strengthen domestic battery material production capabilities while reducing environmental impact. The company also expanded its operations through strategic partnerships with major automotive manufacturers, including General Motors, to implement their recycling technologies on a commercial scale.
Investors
Li Industries has secured substantial financial backing from prominent investors across multiple funding rounds. Their Series B round attracted $42 million from investors including 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. This diverse investment base demonstrates strong industry confidence in Li Industries’ technology and business model.
Business Details
Location: Pineville, North Carolina, USA
Website: https://li-ind.com
LinkedIn: https://www.linkedin.com/company/74421977
