Climate Angels invests in Ace Green Recycling to bolster clean battery recycling technology - Climate Angels
Summary
The market will reach $19 billion in 2023 at a CAGR of 11.23%.ACE Green Recycling has raised $7+ million as part of their Pre-Series A round. The current round of funding was led by Circulate Capital, with participation from Climate Angels and senior professionals from metals and battery recycling industry like Simon Collins (TradeCloud), Raoul Bajaj, Julian Gonzalez (ArrowMetals), Navneet Chadha (Triumph Services), Zal Devitre (Tenperel Capital) and Ben Thomson (BHTB). Because all ULABs are housed in polypropylene (PP) cases, ACEs world-class solution minimizes plastic leakage by formalizing the closed loop recycling process and entirely recovering the PP casings for reuse.Speaking about the investment, Mr. Sumeet Singh, Managing Partner of Climate Angels Fund said, We are excited to work with ACE Green Recycling, which is working to make battery recycling a low-polluting process. ACEs proprietary technology can recycle ULAB at room temperature in place of very high temperature conventional smelting, is more cost-efficient, releases zero GHG emissions, reduces solid waste by 80%, and mitigates toxic lead pollution.Countries like India and China, which are dealing with severe air and water pollution, will greatly result in more efficient. Smelting will get more challenging in the United States, South Korea, Australia, and the European Union as environmental standards strengthen.