Battery Resourcers Secures $70 Million in New Funding
Summary
The company will use this latest funding round to advance and expand the industrys most sustainable, cutting-edge closed loop material production technology that accepts mixed input of scrap batteries and end of life batteries to produce cathode material. They extract more valuable materials than what recyclers do," shares Francois Dossa, Executive Director of Strategy and Sustainability at Jaguar Land Rover. "Battery Resourcers is creating a more sustainable future by providing multiple material re-entry options into the battery supply chain process, in alignment with JLRs goal of achieving net-zero carbon emissions across our supply chain. The company is also engineering a novel process for graphite recovery and purification, which will enable it to return both the cathode and anode active materials back to manufacturers of new batteries. Founded in 2015 with a mission of returning 100% of battery active materials back into new batteries, the company today makes EV-grade, finished cathode active materials that meet or exceed the performance requirements set by other industry-leading brands.
